Direct Loan Program (Vermont)
Last modified on August 6, 2011.
Financial Incentive Program
|Name||Direct Loan Program|
|Incentive Type||State Loan Program|
|Applicable Sector||Commercial, Industrial|
|Eligible Technologies||Clothes Washers, Dishwasher, Refrigerators, Dehumidifiers, Ceiling Fan, Water Heaters, Duct/Air sealing, Building Insulation, Processing and Manufacturing Equipment, Custom/Others pending approval|
|Energy Category||Energy Efficiency Incentive Programs|
|Amount||40% of cost of project|
|Maximum Incentive||800,000 for land and buildings; 500,000 for equipment and machinery|
|Terms||Below market interest rate; Maximum term of 10 years for real estate, and seven years for equipment|
|Program Administrator||Vermont Economic Development Authority|
This is a state-funded loan program for commercial and industrial entities to support land purchases, building construction, and the purchase and installation of machinery and equipment. Energy efficient equipment is not specifically mentioned in the program details, but the loan covers equipment improvements and purchases, which is inclusive of high efficiency measures, such as improved insulation, duct work and efficient appliances.
To apply for this loan, complete the application found on the program website above. However, prior to completing the application, VEDA recommends contacting the program administrator to discuss individual projects and their eligibility for loans.
|Contact Name||Public Information Officer|
|Department||Vermont Economic Development Authority|
|Address||58 East State Street, Suite 5|
- Incentive and policy data are reviewed and approved by the N.C. Solar Center's DSIRE project staff.