VirginiaSAVES Green Community Loan Program
The VirginiaSAVES Green Community Loan Program offers low-cost financing for energy efficiency and renewable energy projects across a wide range of technologies, including solar, geothermal, wind, biomass, and building envelope improvements. To apply, submit a summary worksheet describing your project, measures, vendors, and energy assessment; if you meet eligibility requirements, you can then submit a formal application with an application fee and negotiate financing terms. Contact the program manager or CleanSource Capital, LLC for specific details on loan amounts, rates, and terms.
This program enables your commercial, nonprofit, or government clients to finance energy efficiency and renewable energy projects through low-cost loans administered by CleanSource Capital under Virginia DMME guidance. You should be prepared to work with clients through the summary worksheet phase (describing project scope, vendors, and assessment), formal application submission, and financing negotiation. The program accepts a broad range of technologies and measures, making it suitable for diverse project types across commercial, industrial, institutional, and agricultural sectors.
VirginiaSAVES Green Community provides low-cost financing for energy efficiency and renewable energy projects serving private commercial and industrial entities, nonprofits, local governments, schools, state agencies, and agricultural/institutional borrowers. CleanSource Capital, LLC administers the program under DMME oversight, coordinating with third-party funding sources to provide financing. The application process requires borrowers to submit a project summary worksheet followed by a formal application with an application fee, after which financing terms are negotiated; target the program toward commercial and public-sector entities seeking capital for distributed generation, building envelope, equipment, and comprehensive energy projects.
Program details
- Program ID
- 5834
- Effective
- 9/2/2015
- Last updated
- 10/11/2024
Eligibility
- Sectors
- commercial industrial local government nonprofit schools state government agricultural institutional
- Technologies
- solar - passive solar water heat geothermal electric solar photovoltaics wind (all) biomass geothermal heat pumps municipal solid waste combined heat & power landfill gas tidal wave ocean thermal hydroelectric (small) anaerobic digestion other distributed generation technologies clothes washers dehumidifiers ceiling fan chillers furnaces boilers heat pumps air conditioners compressed air caulking/weather-stripping building insulation agricultural equipment comprehensive measures/whole building custom/others pending approval yes; specific technologies not identified insulation food service equipment commercial cooking equipment data center equipment commercial refrigeration equipment
Incentive amount
$20 million (2015)
Program summary
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 works with third-party funding sources to provide financing for projects. 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. 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.
Program details can also be found on this form.
Contact & resources
- Contact email
- bgreenleaf@vccva.org
- Additional resources
Please verify current program details with the administering agency before making any financial decisions.
