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.
| Implementing Sector: | State |
| Category: | Financial Incentive |
| State: | Vermont |
| Incentive Type: | Loan Program |
| Web Site: | http://www.veda.org/interior.php/pid/1/sid/1 |
| Administrator: | Vermont Economic Development Authority |
| Start Date: | |
| Eligible Renewable/Other Technologies: |
|
| Maximum Loan: | $800,000 for land and buildings; $500,000 for equipment and machinery |
| Loan Term: | Below market interest rate; Maximum term of 10 years for real estate, and seven years for equipment |
| Name: | Public Information Officer |
| Organization: | Vermont Energy Investment Corporation |
| Address: |
58 East State Street, Suite 5 Montpelier VT 05602 |
| Phone: | (802) 828-5627 |
| Email: | info@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
