Met-Ed / Penelec Sustainable Energy Fund

November 01, 2021

Summary

FirstEnergy (formerly GPU) established the Metropolitan Edison Company (Met-Ed) 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. These funds typically will be distributed as loans or equity investments, but a limited number of grants are available each year for specific purposes.

The fund has since joined and share an advising committee with the Pennsylvania Electric Company Sustainable Energy Fund. They are commonly referred to as Met-Ed/ Penelec Sustainable Energy Fund.

Since inception, the Met-Ed/Penelec SEF has approved 213 grants totaling $4,139,373; 47 loans totaling $24,488,724; and 3 equity investments totaling $1,600,000.

Grant Opportunities include:

A grant of up to $240,000 to support an applied research and development project in the areas served by the Met-Ed and Penelec electric companies.

A grant of up to $230,000 to support the construction of a green, sustainable, and/or natural building or the renovation of an existing building using these energy efficiency principles in the areas served by Met-Ed and Penelec.

The Met-Ed / Penelec Sustainable Energy Fund provides grants, loans, and equity investments to promote:

The development and use of renewable energy and clean energy technologies
Energy conservation and efficiency
Sustainable energy businesses
Projects that improve the environment in the companies’ service territories, as defined by their relationship to the companies’ transmission and distribution facilities

Examples of projects funded in the past are available on the program web site, along with details of the grant guidelines.

Program Overview

Implementing Sector:	Local
Category:	Financial Incentive
State:	Pennsylvania
Incentive Type:	Grant Program
Web Site:	https://bccf.org/overview-sustainable-energy-funds/
Administrator:	Berks County Community Foundation
Start Date:
Eligible Renewable/Other Technologies:	Solar - Passive Solar Water Heat Solar Space Heat Solar Thermal Electric Solar Thermal Process Heat Solar Photovoltaics Wind (All) Biomass Hydroelectric Municipal Solid Waste Combined Heat & Power Fuel Cells using Non-Renewable Fuels Landfill Gas Yes; specific technologies not identified Wind (Small) Fuel Cells using Renewable Fuels
Incentive Amount:	Varies according to project
Maximum Incentive:	Varies; $25,000 for some types of projects

Incentives

This program has 1 incentives

Technologies:	Solar - Passive, Solar Water Heat, Solar Space Heat, Solar Thermal Electric, Solar Thermal Process Heat, Solar Photovoltaics, Wind (All), Biomass, Hydroelectric, Municipal Solid Waste, Combined Heat & Power, Fuel Cells using Non-Renewable Fuels, Landfill Gas, Yes; specific technologies not identified, Wind (Small), Fuel Cells using Renewable Fuels
Sectors:	Commercial, Industrial, Local Government, Nonprofit, Schools
Parameters:	The incentive has a minimum of $25000.00

Contact

Name:	Berks County Community Foundation
Organization:	Berks County Community Foundation
Address:	237 Court St. Reading PA 19601
Phone:	(610) 685-2223
Email:	info@bccf.org

This information is sourced from DSIRE; the most comprehensive source of information on incentives and policies that support renewables and energy efficiency in the United States. Established in 1995, DSIRE is operated by the N.C. Clean Energy Technology Center at N.C. State University.