Provider
PA Department of Environmental Protection
Application Deadline
Revolving Loan Fund
Summary
The MORE Loan is a revolving loan fund to help local governments achieve their energy efficiency projects, small or large. These loans must be at least $5,000 and can have repayment terms of up to 7 years or the end of a project’s useful life. The MORE Loan offers below-market interest rates; however, MORE Grant recipients can buy down their interest rate to as low as 0%.
Eligible applicants for the MORE Program are Pennsylvania local governments that were not eligible for an Energy Efficiency & Conservation Block Grant (EECBG) from the U.S. Department of Energy (DOE). Eligible local government entities include counties, cities, boroughs, towns, townships, and municipal authorities.
MORE Loans will be administered by the National Energy Improvement Fund (NEIF). The MORE Loan application opened December 27, 2024. MORE Loans have no closing date and will be open for applicants after the MORE Grant application closes as long as funds are available. Potential applicants are strongly encouraged to reach out to NEIF to discuss the process and interest rate options. For their contact and more information on how to apply, please visit NEIF’s website.
Borrowers must have a level 2 commercial energy audit and energy conservation measure project design/scope to apply for the loan.
Each local government borrower must provide NEIF with a copy of the proceedings submitted to, as well as the approval from, the Pennsylvania Department of Community and Economic Development (DCED) stating that the debt to be incurred by the borrower, or by any local government unit guaranteeing its debt, in connection with the project funding is approved under the Local Government Unit Debt Act (LGUDA), 53 Pa.C.S. § 8001 et seq. The loan cannot be closed without prior approval by DCED.
Priority applicants for the MORE Program in Delaware County include the City of Chester, Clifton Heights Borough, Collingdale Borough, Colwyn Borough, Darby Borough, East Lansdowne Borough, Linwood/Lower Chichester Township, Marcus Hook Borough, Millbourne Borough, Sharon Hill Borough, Trainer Borough, Upland Borough, and Yeadon Borough.
Common Eligible Projects
MORE Loans can be used for the following:
- Energy efficiency upgrades
- Building retrofits
- On-site renewable energy generation projects (must be paired with energy efficiency measures to qualify)
