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Energy

Pennsylvania has an energy rich history and is home to abundant resources such as oil, natural gas, coal, nuclear, hydropower, wind, solar and other renewables.

Shale Energy

Pennsylvania’s long history of oil and gas drilling and significant reserves of natural gas provide opportunities to small businesses.  Recent advances in drilling technology have allowed recovery of natural gas from the Marcellus, Utica and other unconventional gas formations. Shale gas underlies more than two-thirds of the state, with development activities in nearly 40 of Pennsylvania’s 67 counties.

The Pennsylvania SBDC helps small businesses identify and connect with shale energy supply chain opportunities and take advantage of gas utilization opportunities. Visit the Shale Energy Assistance page for more information.

Clean Technology & Alternative Energy

Pennsylvania is uniquely positioned as a place for small businesses and entrepreneurs to capitalize on clean technology opportunities because of the wealth of renewable resources, especially in the areas of biomass, wind and solar.  Pennsylvania has been a national leader in deploying renewable energy and energy efficient technologies.

As defined by BusinessDictionary.com, clean technology (also known as “clean tech”) is “economically competitive and productive technology that uses less material and/or energy, generates less waste, and causes less environmental damage than the alternatives.”  Clean technology comes into play near the beginning of a business practice, and therefore has more of an opportunity to create greater financial returns.

Energy Efficiency

Pennsylvania had fifth highest number of energy efficiency jobs in the nation in 2010.  Act 129 efficiency programs saved electric customers $278 million annually through 2011.  

For more information on energy efficiency resources, visit the Pennsylvania SBDC Environmental Management Assistance Program.

Incentives & Financing

Pennsylvania’s energy-focused incentives are diverse and include tax credits, tax abatements, loans, loan guarantees and grants for different types of energy-related uses. Pennsylvania has funded all types of energy projects provided those projects are financially sound and demonstrate return on investment for the Commonwealth in terms of high paying jobs, strategic targets and community benefit.

Additional incentives, including grants and utility rebates, can be found at the DSIRE website.
 

Keystone State Energy Facts

  • 2nd second largest energy field in the world.
  • 4th in the nation in energy production.
  • 2nd in the nation for net electricity generation.
  • 2nd in the nation in natural gas production.
  • 2nd in the nation in nuclear generation.
  • 4th in the nation in coal production and the only producer of high-¬‐heat value anthracite coal.
  • 9th in the nation in total solar capacity installed.
  • 15th in the nation in total wind capacity installed and 9th in the nation for new capacity wind installations in 2012.
  • 19th in the nation in crude oil production.
  • Significantly increasing biodiesel production, up over 60% since 2008.
  • A national leader in competitive energy markets, including nearly 2.2 million electric choice customers.

Source: Pennsylvania’s January 2014 State Energy Plan