Electric Vehicle Charging Station Loan Program

Vermont offers low-cost financing for public electric vehicle charging stations through the Vermont Economic Development Authority, with fixed 1% interest rates and loans up to $100,000 to help cover equipment purchase and installation costs. To apply, visit VEDA's website or contact them directly at 802.828.5627 for more information about eligibility and the application process.

This program finances the installation of Level 2 and DC fast charging equipment for businesses, nonprofits, and municipalities, with fixed 1% interest rates and terms based on asset life, making it attractive for customers seeking affordable capital. Contractors should be aware that a 2% commitment fee applies, all charging stations must be available for public use, and installations can be financed up to $100,000 per project.

The State Infrastructure Bank operates this Vermont program through VEDA in partnership with the Vermont Agency of Transportation and Federal Highway Administration, offering 1% fixed-rate loans up to $100,000 with 2% commitment fees for public-facing EV and natural gas charging infrastructure. The program targets sole proprietorships, partnerships, for-profit and nonprofit corporations, and municipalities seeking to expand charging access across Vermont's commercial and public sectors.