Philadelphia Green Capital Corp.

About PGCC: 

The Philadelphia Green Capital Corp. (PGCC) is the green bank affiliate of the Philadelphia Energy Authority (PEA). PGCC’s mission is to connect projects to capital, driving a robust, equitable, clean energy market in Philadelphia. The creation of PGCC scales and amplifies PEA’s current work and brings new financial products to the Philadelphia region’s clean energy economy. 

PEA, an independent municipal authority, is a quasi-government entity, chartered by City Council and the Mayor in 2010. In 2016, in partnership with City Council President Darrell Clarke, PEA launched the Philadelphia Energy Campaign, a $1 billion, 10-year investment in energy efficiency and clean energy projects to create 10,000 jobs. By the end of 2023, PEA and PGCC will have supported $800MM in projects and created 7,000 jobs. PEA views energy as a high-impact tool for reducing poverty, improving education, strengthening communities, and leveraging public investment. 

In Fall 2023, PGCC worked with the Pennsylvania Energy Development Authority (PEDA) to submit a coalition application to the U.S. EPA’s Solar for All (SFA) competition. PGCC and PEDA applied for $250MM of funding to support solar access for over 22,000 low-and-middle income households across the Commonwealth. PGCC will administer the SFA program in southeast PA, and EPA funding is expected to be announced in Spring 2024 and distributed later in the year. PGCC plans to build a robust and sustained market for residential solar that operates well beyond the SFA performance period.