Commonwealth's Energy Leasing Program (Virginia)
Last modified on February 12, 2015.
Financial Incentive Program
|Name||Commonwealth's Energy Leasing Program|
|Incentive Type||Leasing Program|
|Applicable Sector||State Government, Institutional|
|Eligible 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, Solar Water Heat, Solar Thermal Electric, Photovoltaics, Wind, Biomass, Geothermal Electric, Geothermal Heat Pumps, CHP/Cogeneration, Other Distributed Generation Technologies|
|Energy Category||Energy Efficiency Incentive Programs|
|Terms|| 12 and 15 years (shorter terms may be available from the
Treasury Board’s Commonwealth's Master Equipment Leasing Program)
|Program Administrator||Virginia Department of Treasury|
|References||DSIREDatabase of State Incentives for Renewables and Efficiency|
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.
|Contact Name||Debora Greene|
|Department||Virginia Department of the Treasury|
|Address||101 North 14th Street|
|Phone 2||(804) 371-6235|
Authorities (Please contact the if there are any file problems.)
|Authority 1:||Va. Code § 2.2-2417|
|Authority 2:||Treasury Board's Energy Leasing Program|
- Incentive and policy data are reviewed and approved by the N.C. Solar Center's DSIRE project staff.