| Implementing Sector: | State |
| Category: | Financial Incentive |
| State: | Vermont |
| Incentive Type: | Loan Program |
| Web Site: | http://www.veda.org/financing-options/vermont-commercial-financing/energy-loan-guarantee-program/ |
| Administrator: | Vermont Economic Development Authority (VEDA) |
| Eligible Efficiency Technologies: | Equipment Insulation, Lighting, Lighting Controls/Sensors, Chillers, Furnaces, Boilers, Heat pumps, Air conditioners, Heat recovery, Steam-system upgrades, Compressed air, Programmable Thermostats, Caulking/Weather-stripping, Duct/Air sealing, Building Insulation, Windows, Doors, Siding, Roofs, Reflective Roofs, LED Lighting |
| Name: | 10 V.S.A. § 280cc to § 280dd |
The Energy Loan Guarantee Program (ELGP), created by Act 87 in 2013, is administered by the Vermont Economic Development Authority. The ELGP provides loan guarantees to financial institutions for loans made to businesses for energy efficiency improvements.
VEDA guarantees a maximum of 75% of the value of the loan, not to exceed $250,000. There is no limit on the value of the lender's loan. There is a 3% guarantee fee, based on the guaranteed amount of the lender's loan.
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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
