U.S. Virgin Islands - Solar Thermal Revolving Loan

December 19, 2012

Summary

The Solar Thermal Revolving Loan program is fully subscribed and not currently accepting applications at this time.

Residents and small business owners with gross annual revenues of $500,000 or less, with electricity usage between 1,200 kWh and 2,000 kWh per month, may be eligible for loans for the purchase of solar hot water heaters. These loans are made available with funding from the American Recovery and Reinvestment Act (ARRA) and by a cooperative agreement between the Virgin Islands Energy Office and Virgin Island Water and Power Authority (WAPA), and the Economic Development Authority. Only property owners are eligible. Loan pre-approval is required. Applicants' WAPA accounts must be in good standings. Loans are repaid directly on the monthly WAPA bill.

Program Overview

Implementing Sector:	State
Category:	Financial Incentive
State:	Virgin Islands
Incentive Type:	Loan Program
Web Site:	http://www.vienergy.org
Administrator:	Virgin Islands Energy Office
Start Date:
Eligible Renewable/Other Technologies:	Solar Water Heat
Maximum Loan:	$3,500
Loan Term:	Zero down, 1% interest rate, paid back on the utility bill.

Contact

Name:	Melissa Carter
Organization:	Program Specialist - Virgin Islands Energy Of
Address:	#2 Estate Carlton \| Suite 3 Frederiksted VI 00840
Phone:	(+34) 071-3843
Email:	melissa.carter@eo.vi.gov

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.