CAN DO Energy Solutions can assist in identifying and securing grants and low-interest loans for various energy projects.
Because the “alphabet soup” of funding sources is often confusing, CAN DO Energy Solutions works with you customize a funding package to meet almost any energy efficiency or renewable energy investment. Grant dollars are competitive.
The process
Upon engaging CAN DO to help reduce their energy costs, industries can expect a streamlined process where all facets of the project are brought together.
CAN DO will first work with the industry to identify their energy needs and then facilitate a meeting with the appropriate CAN DO Energy Solutions Certified Provider. Whether it is energy efficiency, renewable energy generation or discounted energy purchasing, CAN DO has the capability to link industries with an Energy Solutions provider that can make their savings a reality.
Once the appropriate CAN DO Energy Solutions Certified Provider has been selected, a project scope of work and budget will be developed. CAN DO will then work closely with both the industry and the vendors in crafting a funding proposal. CAN DO is well-versed in many of the funding alternatives available and is positioned to provide industries the attractive financing needed to make projects feasible.
Pennsylvania’s Energy Independence Strategy
The Commonwealth of Pennsylvania is investing $665.9 million to spur the development of alternative and renewable energy sources and help families and small business conserve energy and use it more efficiently.
The $650 million Alternative Energy Investment Fund and the nearly $16 million Alternative Fuels Investment Fund include $237.5 million specifically targeted toward helping consumers conserve electricity and manage higher energy prices and $428.4 million to spur the development of alternative energy resources and create good-paying, skilled jobs.
The package includes incentives to help households and small businesses take advantage of solar energy technology – a key resource for reducing electricity demand during times of peak demand when rates are most expensive – and make improvements to their homes or buildings that conserve energy. There are many different state programs available, and each has its own criteria and funding guidelines.
CAN DO Energy Solutions can assist companies apply for this funding. The application windows for these programs vary, so contact us today.
Sustainable Energy Fund (SEF)
The Sustainable Energy Fund (SEF) provides financing for businesses which invest in energy efficiency and renewable energy projects. Unlike traditional commercial banks, SEF has the technical and financial expertise to understand your project and its unique financial requirements. Loan payments are custom-sized for each project to be less than the monthly energy savings, creating a positive cash flow. Additional financial benefits may include: 100 percent financing, subordinate lien position, no payment periods, interest only payment periods, and no prepayment penalty. Participants must meet certain requirements, including mission goals and certain underwriting criteria.
PPL Corp. LEED Grant
PPL Corporation is offering grants of up to $5,000 to help offset the costs of seeking certification from the U.S. Green Building Council’s Leadership in Energy and Environmental Design program. In addition, the company is offering a $5,000 bonus for buildings that achieve the program’s “Gold” or “Platinum” ratings, the highest LEED ratings.
LEED-certified buildings typically use 25 to 30 percent less energy than their traditional counterparts. Savings can be even higher for buildings with LEED’s Gold and Platinum ratings. Among their features, LEED-certified buildings include energy-efficient lighting, heating and cooling systems; incorporate recycled materials in the building design; use less water; and reduce greenhouse gas emissions. CAN DO Energy Solutions will work with you to help your project meet PPL Corp. guidelines.
Federal programs
The United States Government also offers a range of tax incentives and credits to companies looking to invest in renewable energy programs.
Because these incentives are constantly being updated, contact CAN DO Energy Solutions to discuss which programs might work best for your project. Company officials should discuss with their accounting professionals the implications of receiving federal funding.
For a general overview of federal programs, visit www.DSIREUSA.org.
