| Implementing Sector: | State |
| Category: | Financial Incentive |
| State: | Virginia |
| Incentive Type: | Leasing Program |
| Web Site: | http://www.trs.virginia.gov/Debt/leasing.aspx |
| Administrator: | Virginia Department of Treasury |
| Eligible Renewable/Other Technologies: | Solar Water Heat, Geothermal Electric, Solar Thermal Electric, Solar Photovoltaics, Wind (All), Biomass, Geothermal Heat Pumps, Combined Heat & Power, Wind (Small), Geothermal Direct-Use, Other Distributed Generation Technologies |
| Eligible Efficiency Technologies: | Equipment Insulation, Lighting, Energy Mgmt. Systems/Building Controls, Caulking/Weather-stripping, Duct/Air sealing, Building Insulation, Windows, Doors, Siding, Motors, Custom/Others pending approval |
| Name: | Va. Code § 2.2-2417 |
| Name: | Treasury Board's Energy Leasing Program |
| Effective Date: | 07/01/2011 |
Lease financing administered by the Department of Treasury provides funding for energy efficiency projects in state facilities operated by state agencies, authorities and institutions of the Commonwealth of Virginia. The Energy Leasing Program allows for the purchase of services and equipment required to develop, design, and install an energy efficiency project. Agencies can finance energy projects at a minimum of $100,000 and will make repayments over 12 or 15 year terms.
The funds can be used to finance projects with relevant energy efficient technology, such as lighting and motor efficiency upgrades, building envelope enhancements, distribution system improvements, and energy management controls. It is the responsibility of the individual agency to ensure that energy projects are in accordance with §4-4.01(u) of the General Provisions of the Appropriations Act.
Visit the Commonwealth's Energy Leasing Program online for more information.
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A solar PV system is custom-designed for your home. Final solar system price may vary based on your location, monthly utility bill, government incentives and rebates, the condition of your home, and local installation prices. Solar PV system output and estimated savings are calculated based on several factors including product type, system production, geography, weather, shade, electricity use, full utilization of the 30% solar investment tax credit, and utility rate structures and rate increases. Savings on your total electricity costs are not guaranteed. Financing options and terms vary by location, and may not be available in all areas. Solar QC is neither the lender nor the project installer. Solar QC License# 1130591
