Low-Income Loan Program for Energy Conservation Improvements (Virginia)

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Last modified on May 23, 2011.

Financial Incentive Program

Place Virginia

Name Low-Income Loan Program for Energy Conservation Improvements
Incentive Type State Loan Program
Applicable Sector Existing residential
Eligible Technologies Passive Solar Space Heat, Solar Water Heat, Solar Space Heat, Solar Thermal Electric, Photovoltaics, Wind, Biomass, Hydroelectric, Geothermal Electric, Municipal Solid Waste
Active Incentive No

Implementing Sector State/Territory
Energy Category Renewable Energy Incentive Programs
Amount 100% of equity

Maximum Incentive 25,000

Terms Maximum term of 20 years
Program Administrator Virginia Housing Development Authority
Website http://www.vhda.com

Last DSIRE Review 2003-09-24

References DSIRE[1]


This home improvement loan program, which was created under HUD Title 1 in 1978, is administered by the Virginia Housing Development Authority (VHDA). The program exists to reduce energy consumption or reduce dependence on conventional energy sources by offering low-interest loans to low- and moderate-income homeowners for repairs to existing homes. All renewable energy technologies are eligible. The interest rate is 6.75%, and there is an additional annual Federal Housing Authority (FHA) insurance charge of 1% of the loan amount. Loan amounts range from $1,000 to $25,000 for terms of 5, 10, 15 or 20 years. (A lien on the property is required for all loan amounts.) Homeowners can borrow up to 100% of their homes' equity. The VHDA issues approximately 100 loans per year.

Authorities (Please contact the if there are any file problems.)

Authority 1: Va. Code § 36-55.31:1

Incentive Contact

Contact Name Julia Perkinson
Department Virginia Housing Development Authority

Address 601 S. Belvidere Street

Place Richmond, Virginia
Zip/Postal Code 23220-6500
Phone (804) 782-1986
Phone 2 (804) 343-5751

Email julia.perkinson@vhda.com
Website http://www.vhda.com

  • Incentive and policy data are reviewed and approved by the N.C. Solar Center's DSIRE project staff.[1]


  1. 1.0 1.1  "Database of State Incentives for Renewables and Efficiency (DSIRE)"