Pennsylvania Energy Development Authority (PEDA) - Loans and Loan Guarantees

July 17, 2008


Note: As of June 15, 2007, the PEDA solicitation has closed, but future funding may become available in Spring of 2008. For more information on future funding opportunities, see the program website or the Department of Environmental Protection's newsletter. The Pennsylvania Energy Development Authority (PEDA) issues funding solicitations to support advanced energy research and deployment projects, and to assist businesses interested in locating or expanding advanced energy operations in Pennsylvania. This program offers a combination of grants, loans and loan guarantees to support in-state projects, manufacturing or research involving solar energy; wind; low-impact hydropower; geothermal; biologically-derived methane gas, including landfill gas; biomass; fuel cells; coal-mine methane; waste coal; integrated gasification combined cycle, and; demand management measures, including recycled energy and energy recovery, energy efficiency and load management. PEDA jointly administers the loan program with the Pennsylvania Department of Community and Economic Development (DCED). Loans awarded under this program have had a maximum term of 10 years, or the life of the asset, whichever is less. The interest rate on PEDA loans is 50% of the prime interest rate (as specified by Bloomberg), but no less than 3.25%. Loan guarantees for corporations, partnerships and other legal business entities have also supported by this program. Loan terms are determined by the lending institution, and they have had a loan guarantee maximum of $500,000. PEDA was established in 1982 to promote applied energy research, provide financial incentives for the deployment of clean, alternative-energy projects and promote investment in Pennsylvania's energy sector.

Program Overview

Implementing Sector: State
Category: Financial Incentive
State: Pennsylvania
Incentive Type: Loan Program
Web Site:
Administrator: Pennsylvania Department of Environmental Protection
Start Date:
Eligible Renewable/Other Technologies:
  • Geothermal Electric
  • Solar Thermal Electric
  • Solar Photovoltaics
  • Wind (All)
  • Biomass
  • Fuel Cells using Non-Renewable Fuels
  • Landfill Gas
  • Yes; specific technologies not identified
  • Wind (Small)
  • Hydroelectric (Small)
  • Anaerobic Digestion
  • Fuel Cells using Renewable Fuels
Maximum Loan: Loans: $1 million
Loan guarantees: $500,000


Name: 71 P.S. § 720.1, et seq.
Date Enacted: 12/14/1982
Name: P.L. 1376, No.178 (Act 178)
Date Enacted: 11/29/2004


Name: Lawrence Middleton
Organization: Pennsylvania Department of Environmental Prot
Address: Rachel Carson State Office Building
Harrisburg PA 17105-2357
Phone: (717) 772-8959

This information is sourced from DSIRE; the most comprehensive source of information on incentives and policies that support renewables and energy efficiency in the United States. Established in 1995, DSIRE is operated by the N.C. Clean Energy Technology Center at N.C. State University.