Virginia Incentives/Policies for Renewables & Efficiency |
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Last DSIRE Review: 04/22/2013
Program Overview:
| State: |
Virginia |
| Incentive Type: |
State Loan Program |
| Eligible Efficiency Technologies: |
Custom/Others pending approval, Unspecified Technologies |
| Eligible Renewable/Other Technologies: |
Solar Water Heat, Solar Space Heat, Solar Thermal Electric, Solar Thermal Process Heat, Photovoltaics, Landfill Gas, Wind, Biomass, Geothermal Electric, Geothermal Heat Pumps, Municipal Solid Waste, CHP/Cogeneration, Not specified, Geothermal Direct-Use |
| Applicable Sectors: |
Local Government |
| Amount: | Varies |
| Terms: | Varies |
| Web Site: |
http://www.virginiaresources.org/projectfinancing.shtml
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Authority 1:
Date Enacted:
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Va. Code ยง 62.1-197 et seq.
1984 (subsequently amended)
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Summary:
The Virginia Resources Authority (VRA) was created in 1984 and provides financial assistance to local governments in Virginia for a variety of projects, including energy and energy conservation projects. In March 2011, H.B. 2389 added "renewable energy" to the list of eligible projects (though it may have already been technically eligible under the "energy" category). VRA offers several financing options, including the Virginia Pooled Financing Program, Revolving Loan Funds, and Term Financing. Interested entities should use the contact form available on the VRA web site in order to discuss financing options with VRA staff. |
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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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