FirstEnergy (formerly GPU) established the Metropolitan Edison Company Sustainable Energy Fund in 2000 with an initial contribution of $5.7 million. The fund later received an additional contribution of $2.5 million as a result of the merger between GPU Energy and FirstEnergy, bringing the total to $8.2 million. The fund is administered by the Berks County Community Foundation. The majority of funding available from the Metropolitan Edison Company SEF takes the form of investments made in businesses pursuing one or more of the fund's objectives.
This act establishes a low-level radioactive waste disposal regional facility siting fund that requires nuclear power reactor constructors and operators to pay to the Department of Environmental Resources funds to be utilized for disposal facilities. This act ensures that nuclear facilities and the Department comply with the Low-Level Radioactive Disposal Act.
This act provides a comprehensive strategy for the siting of commercial low-level waste compactors and other waste management facilities, and to ensure the proper transportation, disposal and storage of low-level radioactive waste. Commercial incineration of radioactive wastes is prohibited. Licenses are required for low-level radioactive waste disposal facilities not licensed to accept low-level radioactive waste. Disposal at any municipal landfill or commercial incinerator is prohibited.
Keystone Opportunity Zones allows businesses located within designated areas to qualify for a tax exemption, deduction, credit, or abatement of state and local taxes such as sales and use tax, corporate net income tax, and property tax.
The Keystone Innovation Zone Tax Credit Program provides tax credits to companies less than eight years old who operate within designated innovation zones. A total pool of $25 million in tax credits is available each year to businesses within these zones. A business can claim a tax credit up to 50% of the increase in gross revenues attributable to activities within innovation zones. The tax credit limit is $100,000 per business per year.
The Keystone HELP Program is designed to help homeowners improve energy efficiency with special financing for high-efficiency heating, air conditioning, insulation, windows, doors, and “whole house” improvements. Principally supported by the Pennsylvania Department of Environmental Protection, the Pennsylvania Treasury Department and the Pennsylvania Housing Finance Agency, the Keystone HELP program is administered by AFC First Financial Corporation, a Pennsylvania energy efficiency lender.
The Job Creation Tax Credits Program can be used to offset business tax liabilities and is available to businesses that create 25 or more jobs or increase employment by 20% within three years of a negotiated start date. Every new full-time job results in a $1000 tax credit.
The Pennsylvania Public Utilities Commission was required to adopt interconnection standards and net-metering rules by the Alternative Energy Portfolio Standards Act of 2004.The PUC subsequently adopted interconnection standards for net-metered distributed generation (DG) systems in August 2006 (52 Pa. Code § 75.21 et seq.).
The Governor's Green Government Council of Pennsylvania provides an incentive for new schools to be built according to green building standards. High Performance Green Schools Planning Grants are designed to cover a portion of the "soft" costs of designing a green building that are not typically included within the conventional design fee structure. Grants may vary in size depending upon the scope of the project, but it appears that typical past awards have been for $25,000.
In July 2008, Pennsylvania enacted a broad $650 million alternative energy bill designed to provide support for a variety of renewable energy and energy efficiency technologies. Included in this legislation was a provision authorizing the creation of a $25 million grant and loan program for high performance buildings. The program is jointly administered by the Department of Community and Economic Development (DCED) and the Department of Environmental Protection (DEP), under the direction of Commonwealth Finance Authority (CFA).