Sustainable Development Fund Financing Program (PECO Territory)
PECO Energy Co commercial energy efficiency rebate program
program summary
The Pennsylvania Public Utility Commission created the Sustainable Development Fund (SDF) in its final order of the PECO Energy electric utility restructuring proceeding. The Reinvestment Fund, Inc. (TRF), which was formed in 1985 to build wealth and opportunity for low-wealth communities and low- and moderate-income individuals, administers the SDF. The SDF later received additional funding and responsibilities as a result of the PECO Energy/Unicom merger settlement. That settlement added funding for new wind development, for solar photovoltaics and for renewable energy education, as well as a lump-sum payment and an increase in SDF's core fund. In total, the fund has received approximately $31.8 million in income over its lifetime.
The SDF provides financial assistance to eligible projects in the form of commercial debt, subordinated debt, lease financing, and energy performance contract financing. The Sustainable Development Fund provides financial assistance for the following types of ventures:
- Companies and ventures that generate electricity using renewable energy sources;
- Manufacturers, distributors and installers of renewable energy, advanced clean energy and energy-conserving products and technologies; and,
- Companies and organizations that are end-users of renewable energy, advanced clean energy and energy-conserving products and technologies.
The specific terms of the financial support are flexible and are determined on a case-by-case basis. SDF also has a lease-financing product for large nonprofit institutions (schools and hospitals) and commercial real estate owners for energy conservation improvements.
The SDF Commercial Financing Program provides flexible business loans to:
- Manufacturers, wholesalers/distributors, retailers and service companies who want to finance equipment upgrades or electricity energy savings improvements to their plant/office facilities;
- End-user companies wishing to purchase advanced clean energy systems; and
- Start-ups and expansions of companies producing clean energy.
The SDF 2019 Annual Report to the Pennsylvanian Public Utilities Commission (PUC) contains information about past and current program activities. For more information on financing opportunities, visit the program website above.
eligible technologies
Solar - Passive, Solar Water Heat, Solar Space Heat, Solar Thermal Process Heat, Solar Photovoltaics, Wind (All), Biomass, Hydroelectric, Geothermal Heat Pumps, Combined Heat & Power, Fuel Cells using Non-Renewable Fuels, Landfill Gas, Lighting, Chillers, Boilers, Heat pumps, Air conditioners, Comprehensive Measures/Whole Building, Custom/Others pending approval, Yes; specific technologies not identified, Wind (Small), Fuel Cells using Renewable Fuels
website
program administrator
TRF Sustainable Development Fund
program notes
- July 20, 2020
- In the past, the Sustainable Development Fund provided equity investments and grants. Today, it only provides financing products including commercial debt, subordinated debt, lease financing, and energy performance contract financing.
What cities does PECO Energy Co cover?
- The following cities are in the PECO Energy Co service area. However, this program may not be
available in every city. Check the program website for details.
- Abington, Airville, Ambler, Ardmore, Aston, Atglen, Avondale, Bala Cynwyd, Bensalem, Berwyn, Beverly, Blue Bell, Bordentown, Boyertown, Brandamore, Bridgeport, Bristol, Brogue, Brookhaven, Broomall, Bryn Athyn, Bryn Mawr, Burlington, Camden, Carversville, Chadds Ford, Chalfont, Chatham, Cheltenham, Chester, Chester Springs, Cheyney, Christiana, Claymont, Clifton Heights, Coatesville, Cochranville, Collegeville, Colmar, Conshohocken, Croydon, Crum Lynne, Darby, Delta, Devon, Douglassville, Downingtown, Doylestown, Dresher, Drexel Hill, Dublin, Elkins Park, Elkton, Elverson, Essington, Exton, Fairless Hills, Fawn Grove, Feasterville Trevose, Florence, Flourtown, Folcroft, Folsom, Fort Washington, Fountainville, Furlong, Gap, Garnet Valley, Gilbertsville, Gladwyne, Glen Mills, Glenmoore, Glenolden, Glenside, Green Lane, Gwynedd, Gwynedd Valley, Harleysville, Hatboro, Hatfield, Haverford, Havertown, Hockessin, Holmes, Honey Brook, Horsham, Huntingdon Valley, Jamison, Jenkintown, Kennett Square, King Of Prussia, Kirkwood, Lafayette Hill, Lambertville, Landenberg, Langhorne, Lansdale, Lansdowne, Levittown, Lincoln University, Line Lexington, Lumberville, Malvern, Marcus Hook, Mechanicsville, Media, Merion Station, Modena, Mont Clare, Montgomeryville, Morrisville, Morton, Narberth, Narvon, National Park, New Hope, Newark, Newtown, Newtown Square, Norristown, North Wales, Norwood, Nottingham, Oreland, Ottsville, Oxford, Palmyra, Paoli, Parker Ford, Parkesburg, Peach Bottom, Pennsburg, Perkasie, Perkiomenville, Philadelphia, Phoenixville, Pipersville, Plymouth Meeting, Pottstown, Prospect Park, Quakertown, Red Hill, Richboro, Ridley Park, Rising Sun, Riverside, Riverton, Roebling, Royersford, Schwenksville, Sharon Hill, Souderton, Southampton, Spring City, Spring House, Springfield, Stockton, Swarthmore, Telford, Thorndale, Thornton, Thorofare, Toughkenamon, Trenton, Tylersport, Upper Darby, Villanova, Wallingford, Warminster, Warrington, Washington Crossing, Wayne, West Chester, West Grove, Westville, Whiteford, Willow Grove, Wilmington, Woodlyn, Wyncote, Wynnewood, Yorklyn, Zieglerville