Virginia Incentives/Policies for Renewables & Efficiency |
 |
Last DSIRE Review: 07/17/2012
Program Overview:
| State: |
Virginia |
| Incentive Type: |
Leasing Program |
| Eligible Efficiency Technologies: |
Unspecified Technologies |
| Applicable Sectors: |
State Government, Institutional |
| Equipment purchases less than $10,000 are not eligible for financing |
| Terms: | Available in 3, 5, 7 and 10 year loan repayment terms
The term may not exceed the useful life of the equipment |
| Web Site: |
http://www.trs.virginia.gov/debt/Tboard.aspx
|
Authority 1:
|
Va. Code ยง 2.2-2417
|
Summary:
The Master Equipment Leasing Program (MELP) ensures that all Commonwealth agencies, authorities and institutions obtain consistent and competitive credit terms for financing equipment and energy efficiency projects. Agencies can finance energy projects at a minimum of $10,000 and can make repayments over 3, 5, 7 and 10 year terms.
Qualifying Energy Projects
Energy efficiency projects may include personal property, the installation or modification of an installation in a building, professional management, and other special services which are primarily intended to reduce energy consumption and demand or allow the use of an alternative energy source. Personal property is defined as new or reconditioned tangible personal property that includes personal property to be affixed to realty and must be used for governmental purposes.
MELP financed energy projects with relevant energy efficient technology include lighting and motor efficiency upgrades, building envelope enhancements, distribution system improvements, energy management controls.
Visit the Commonwealth's Master Equipment Leasing Program online for more information. |
|
 |
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.
|
