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.
| Implementing Sector: | State |
| Category: | Financial Incentive |
| State: | Vermont |
| Incentive Type: | Loan Program |
| Web Site: | http://www.veda.org/financing-options/vermont-commercial-financing/vermont-business-energy-conservation-loan-program/ |
| Administrator: | Vermont Economic Development Authority |
| Start Date: | |
| Eligible Renewable/Other Technologies: |
|
| Maximum Loan: | $150,000 |
| Loan Term: | 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. |
| Name: | Bill Roberts |
| Organization: | Vermont Economic Development Authority |
| Address: |
58 East State Street Montpelier VT 05602 |
| Phone: | (802) 828-5627 |
| Email: | broberts@veda.org |
This information is sourced from DSIRE; the most comprehensive source of information on incentives and policies that support renewables and energy efficiency in the United States. Established in 1995, DSIRE is operated by the N.C. Clean Energy Technology Center at N.C. State University.
Copyright © 2023 EnergyBot • All rights reserved.
1601 Bryan St Suite 900, Dallas, TX 75201
