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Vermont

Vermont

Incentives/Policies for Energy Efficiency

Printable Version
Business Energy Conservation Loan Program   

Last DSIRE Review: 12/20/2012
Program Overview:
State: Vermont
Incentive Type: State Loan Program
Eligible Efficiency Technologies: Equipment Insulation, Water Heaters, Lighting, Lighting Controls/Sensors, Chillers , Furnaces , Boilers, Heat pumps, Central Air conditioners, CHP/Cogeneration, Heat recovery, Steam-system upgrades, Compressed air, Programmable Thermostats, Energy Mgmt. Systems/Building Controls, Caulking/Weather-stripping, Duct/Air sealing, Building Insulation, Windows, Doors, Siding, Roofs, Processing and Manufacturing Equipment, Agricultural Equipment, Comprehensive Measures/Whole Building, Cool Roof
Applicable Sectors: Commercial, Industrial, Nonprofit, Agricultural
Amount:$5,000 to $150,000
Maximum Incentive:$150,000
Terms:5-year loan term (may be amortized up to ten years), interest rate is VEDA's Small Business Index minus 1.5% for five years then adjusting to variable Small Business Loan Program Index Rate. Closing fees apply to all loans.
Program Budget:$1 million
Web Site: http://www.veda.org/financing-options/vermont-commercial-financin...
Summary:

The Vermont Business Energy Conservation Loan Program is a joint-effort between Efficiency Vermont and the Vermont Economic Development Authority. Vermont businesses (including non-profits) involved in manufacturing (or processing and assembly of products), hospitality, services, farms, and retail are eligible, as long as they are 51% owned by US Citizens. Projects must improve the energy efficiency of the building, and improvements to thermal envelope, power, heating, ventilation and cooling systems, lighting, and energy efficiency HVAC equipment are generally eligible. In addition, companies who conduct energy audits would be eligible for loans on equipment needed to carry out their work. Efficiency Vermont will verify the cost-effectiveness of the proposed efficiency upgrades as part of the application process. Loan applicants are encouraged to also apply for Efficiency Vermont incentives to lower the overall amount of the loan.


 
Contact:
  Bill Roberts
Vermont Economic Development Authority
58 East State Street
Suite 5
Montpelier, VT 05602
Phone: (802) 828-5627
E-Mail: broberts@veda.org
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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.

Copyright 2013 - 2014 North Carolina State University, under NREL Subcontract No. XEU-0-99515-01. Permission granted only for personal or educational use, or for use by or on behalf of the U.S. government. North Carolina State University prohibits the unauthorized display, reproduction, sale, and/or distribution of all or portions of the content of the Database of State Incentives for Renewables and Efficiency (DSIRE) without prior, written consent.