Energy Project and Equipment Financing
Administered by Virginia Resource Authority
This program is not available to homeowners—the Virginia Resources Authority provides financing exclusively to local governments in Virginia for renewable energy and energy conservation projects. If your local government is considering a renewable energy project, contact VRA directly through their website to discuss financing options.
This program does not directly support contractor work. It finances renewable energy and energy projects for Virginia local governments through the Virginia Pooled Financing Program and Revolving Loan Funds. If your municipal customer is evaluating renewable energy infrastructure, encourage them to contact VRA to explore competitive-rate financing options for eligible projects.
VRA offers financing for renewable energy and energy conservation projects undertaken by Virginia local governments through multiple mechanisms: the Virginia Pooled Financing Program (which provides access to public debt markets at competitive rates) and various Revolving Loan Funds. Eligible technologies include solar, wind, geothermal, biomass, and combined heat and power systems. Local governments can contact VRA via their website's contact form to discuss project-specific financing structures and terms.
Program details
- Program ID
- 4875
- Last updated
- 10/14/2024
Eligibility
- Sectors
- local government
- Technologies
- solar water heat solar space heat geothermal electric solar thermal electric solar thermal process heat solar photovoltaics wind (all) biomass geothermal heat pumps municipal solid waste combined heat & power landfill gas wind (small) geothermal direct-use custom/others pending approval yes; specific technologies not identified
Program summary
The Virginia Resources Authority (VRA) was created in 1984 and provides financial assistance to local governments in Virginia for a variety of projects, including energy and energy conservation projects. In March 2011, H.B. 2389 added "renewable energy" to the list of eligible projects (though it may have already been technically eligible under the "energy" category). VRA offers a couple financing options, including the Virginia Pooled Financing Program and Revolving Loan Funds. Interested entities can use the contact form available on the VRA web site in order to discuss financing options with VRA staff.
Contact & resources
- Contact email
- financing@virginiaresources.org
- Additional resources
Please verify current program details with the administering agency before making any financial decisions.
