Solar Energy Program (SEP)
The Solar Energy Program (SEP) provides financial assistance in the form of loan funds to promote the use of alternative solar energy in Pennsylvania. The program is administered jointly by the Department of Community and Economic Development (DCED) and the Department of Environmental Protection (DEP) under the direction of the Commonwealth Financing Authority (CFA).
Activities to promote the generation and use of solar energy and the manufacture or assembly of solar equipment.
Loans for component manufacturers of solar energy generation equipment up to $40,000 for every new job created within three years after approval of the loan. Loans for solar energy generation or distribution projects shall not exceed $5 million or $3.00 per watt, whichever is less.
There is a matching investment requirement of at least $1 for every $3 of program funds awarded. There is a $100 non-refundable application fee due at the time of submission made payable to the CFA. There is a 1% commitment fee on all approved loans.