Energy Project and Equipment Financing (Virginia)
This is the approved revision of this page, as well as being the most recent.
Last modified on December 17, 2014.
Financial Incentive Program
|Name||Energy Project and Equipment Financing|
|Incentive Type||State Loan Program|
|Applicable Sector||Local Government|
|Eligible Technologies||Custom/Others pending approval, 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, Yes; specific technologies not identified|
|Energy Category||Renewable Energy Incentive Programs, Energy Efficiency Incentive Programs|
|Program Administrator||Virginia Resource Authority|
|References||DSIREDatabase of State Incentives for Renewables and Efficiency|
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.
|Contact Name||Loan Information|
|Department||Virginia Resource Authority|
|Address||1111 East Main Street|
|Address 2||Suite 1920|
Authorities (Please contact the if there are any file problems.)
|Authority 1:||Va. Code § 62.1-197 et seq.|
|Date Enacted||1984 (subsequently amended)|
- Incentive and policy data are reviewed and approved by the N.C. Solar Center's DSIRE project staff.