| Implementing Sector: | State |
| Category: | Financial Incentive |
| State: | Virginia |
| Incentive Type: | Loan Program |
| Web Site: | http://www.vasavesgcp.com/ |
| Funding Source: | Qualified Energy Conservation Bonds (QECBs) |
| Start Date: | 09/02/2015 |
| Eligible Renewable/Other 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 |
| Eligible Efficiency Technologies: | 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, Food Service Equipment, Commercial Cooking Equipment, Data Center Equipment, Commercial Refrigeration Equipment |
| Name: | Executive Order- 36: Continuing Qualified Energy Conservation Bonds |
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 is funded through Qualified Energy Conservation Bonds (QECB), whose use was authorized for by Governor McAuliffe through his executive order in 2014. 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. The program administrator will approve the application after ensuring that the proposed measures constitute “qualified conservation purposes” within the QECB regulation and meet other project guidelines. 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.
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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
