Update on Available Energy and Environmental Public Funding Opportunities

April 8, 2010
by BRETT SLENSKY
MGKF Special Alert

As we move beyond the one year anniversary of the American Recovery and Reinvestment Act, a.k.a, the federal stimulus legislation, which in part funded a broad array of government financial incentives and programs targeted at energy and environmental concerns, the Public Funding Group of Manko, Gold, Katcher & Fox, LLP continues to closely track these dynamic incentive programs in the ever challenging area of project finance. To further these efforts, we have prepared an updated list of the Key Funding Opportunities that are available for projects in Pennsylvania, New Jersey and Delaware.

For 2010, there have been a few notable developments in Pennsylvania and New Jersey that affect certain programs and incentives offered in each state. In general, these developments are reflected in the Key Funding Opportunities table (see link above) and briefly summarized below:

  • Pennsylvania. A new $48 million loan program for energy efficiency and renewable energy projects at existing, non-residential buildings in Pennsylvania – the Green Energy Loan Fund – is expected to launch mid-2010. In addition, the Pennsylvania Energy Development Authority is expected to open a new round of funding by the end of April 2010. For additional details on these two developments, please click here.
  • New Jersey. The state’s fiscal emergency has resulted in a $158 million reduction to the pool of money that’s available for the majority of the state’s energy efficiency and renewable energy programs. For additional details, including information on some of the specific programs that are impacted by this action, please click here.

If you need assistance in identifying public funding opportunities, preparing funding applications or have any questions concerning any of these programs, please contact either Bruce Katcher at 484-430-2320 (bkatcher@mgkflaw.com), Brett Slensky at 484-430-2332 (bslensky @mgkflaw.com) or Bryan Franey at 484-430-2308 (bfraney@mgkflaw.com).