VirginiaSAVES Green Community Loan Program

Program VirginiaSAVES Green Community Loan Program
Category Financial Incentive
Implementing sector State
Last Update
State Virginia
Website http://www.vasavesgcp.com/
Budget $20 million (2015)
Start Date
Technologies Solar - Passive, Solar Water Heat, Solar Photovoltaics

The VirginiaSAVES Green Community Program provides low cost financing to private commercial and industrial, non-profits, and local governments to fund a wide range of energy efficiency and renewable energy projects in the State. The program is funded through Qualified Energy Conservation Bonds (QECB), whose use was authorized for by Governor McAuliffe through his executive order in 2014. The program is administered by CleanSource Capital, LLC under the guidance of Virginia Department of Mines, Minerals, and Energy (DMME).

Interested applicants must submit a summary worksheet that describes the project, including measures being funded, vendors involved, and energy assessment. The program administrator will approve the application after ensuring that the proposed measures constitute “qualified conservation purposes” within the QECB regulation and meet other project guidelines. After meeting the eligibility requirements, the borrower can submit a formal application along with an application fee and negotiate a financing term sheet. Please contact the program manager for more information. 


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