Virginia Incentives/Policies for Energy Efficiency |
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Last DSIRE Review: 07/17/2012
Program Overview:
| State: |
Virginia |
| Incentive Type: |
Leasing Program |
| 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 |
| Applicable Sectors: |
State Government, Institutional |
| Energy Projects less than $100,000 are not eligible for financing
through the Energy Leasing Program |
| Terms: | 12 and 15 years (shorter terms may be available from the
Treasury Board’s Commonwealth's Master Equipment Leasing Program)
The term may not exceed the aggregate useful life of the equipment/project. |
| Web Site: |
http://www.trs.virginia.gov/debt/Tboard.aspx
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Authority 1:
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Va. Code § 2.2-2417
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Authority 2:
Date Effective:
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Treasury Board's Energy Leasing Program
07/01/2011
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Summary:
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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Disclaimer: The information presented on the DSIRE web site provides an unofficial overview of financial incentives and other policies. It does not constitute professional tax advice or other professional financial guidance, and it should not be used as the only source of information when making purchasing decisions, investment decisions or tax decisions, or when executing other binding agreements. Please refer to the individual contact provided below each summary to verify that a specific financial incentive or other policy applies to your project.
While the DSIRE staff strives to provide the best information possible, the DSIRE staff, the N.C. Solar Center, N.C. State University and the Interstate Renewable Energy Council, Inc. make no representations or warranties, either express or implied, concerning the accuracy, completeness, reliability or suitability of the information. The DSIRE staff, the N.C. Solar Center, N.C. State University and the Interstate Renewable Energy Council, Inc. disclaim all liability of any kind arising out of your use or misuse of the information contained or referenced on DSIRE Web pages.
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