VirginiaSAVES Green Community Loan Program

VA Loan Program commercial industrial local government nonprofit schools state government agricultural institutional

Program Details

Program ID
5834
Effective Date
9/2/2015
Last Updated
10/11/2024

Eligibility

Eligible Sectors
commercial industrial local government nonprofit schools state government agricultural institutional
Eligible 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 clothes washers dehumidifiers ceiling fan chillers furnaces boilers heat pumps air conditioners combined heat & power compressed air caulking/weather-stripping building insulation agricultural equipment comprehensive measures/whole building custom/others pending approval yes; specific technologies not identified insulation hydroelectric (small) food service equipment anaerobic digestion other distributed generation technologies 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

Additional Resources

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

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