Energy Loan Guarantee Program

VT Loan Program commercial local government nonprofit

Administered by: Vermont Economic Development Authority (VEDA)

Program Details

Program ID: 5514
Last Updated: 5/28/2021

Eligibility

Eligible Sectors

commercial local government nonprofit

Eligible Technologies

equipment insulation lighting lighting controls/sensors chillers furnaces boilers heat pumps air conditioners heat recovery steam-system upgrades compressed air programmable thermostats caulking/weather-stripping duct/air sealing building insulation windows doors siding roofs reflective roofs led lighting

Program Summary

The Energy Loan Guarantee Program (ELGP), created by Act 87 in 2013, is administered by the Vermont Economic Development Authority. The ELGP provides loan guarantees to financial institutions for loans made to businesses for energy efficiency improvements. VEDA guarantees a maximum of 75% of the value of the loan, not to exceed $250,000. There is no limit on the value of the lender's loan. There is a 3% guarantee fee, based on the guaranteed amount of the lender's loan.

Contact & Resources

Additional Resources

http://www.veda.org/financing-options/vermont-commercial-financing/energy-loan-guarantee-program/

Please verify current program details with the administering agency before making any financial decisions.