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).
The Alternative and Clean Energy Program (ACE) is available to municipalities, counties, school districts, businesses, and economic development organizations to provide financial assistance in the form of grant and loan funds.
The purpose of this funding is to promote the utilization, development and construction of alternative and clean energy projects and Alternative Energy Production Projects that include facilities producing or distributing energy from sources defined in the Alternative Energy Portfolio Standards Act of 2004.
The maximum amount of any loan is $5 million or 50% of the total project cost. The maximum amount of any grant is $2 million or 30% of the total project cost. The amount of the matching required must be at least $1 for every $1 of Program funds awarded.
Interested communities should review the Program Guidelines, found here.
Alternative Energy Production Projects, Clean Energy Projects, Construction, Renovations