U.S. Virgin Islands - Solar Thermal Revolving Loan

The Solar Thermal Revolving Loan program is fully subscribed and not currently accepting applications at this time. Residents and small business owners with gross annual revenues of $500,000 or less, with electricity usage between 1,200 kWh and 2,000 kWh per month, may be eligible for loans for the purchase of solar hot water heaters. These loans are made available with funding from the American Recovery and Reinvestment Act (ARRA) and by a cooperative agreement between the Virgin Islands Energy Office and Virgin Island Water and Power Authority (WAPA), and the Economic Development Authority. Only property owners are eligible. Loan pre-approval is required. Applicants' WAPA accounts must be in good standings. Loans are repaid directly on the monthly WAPA bill.