Lease financing administered by the Department of Treasury provides funding for energy efficiency projects in state facilities operated by state agencies, authorities and institutions of the Commonwealth of Virginia. The Energy Leasing Program allows for the purchase of services and equipment required to develop, design, and install an energy efficiency project. Agencies can finance energy projects at a minimum of $100,000 and will make repayments over 12 or 15 year terms.
The funds can be used to finance projects with relevant energy efficient technology, such as lighting and motor efficiency upgrades, building envelope enhancements, distribution system improvements, and energy management controls. It is the responsibility of the individual agency to ensure that energy projects are in accordance with §4-4.01(u) of the General Provisions of the Appropriations Act.
Visit the Commonwealth's Energy Leasing Program online for more information.
| Implementing Sector: | State |
| Category: | Financial Incentive |
| State: | Virginia |
| Incentive Type: | Leasing Program |
| Web Site: | http://www.trs.virginia.gov/Debt/leasing.aspx |
| Administrator: | Virginia Department of Treasury |
| Start Date: | |
| Eligible Renewable/Other Technologies: |
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| Terms: | Energy Projects less than $100,000 are not eligible for financing through the Energy Leasing Program |
| Name: | Va. Code § 2.2-2417 |
| Name: | Treasury Board's Energy Leasing Program |
| Effective Date: | 07/01/2011 |
| Name: | Debora Greene |
| Organization: | Virginia Department of the Treasury |
| Address: |
101 North 14th Street Richmond VA 23219 |
| Phone: | (804) 225-2142 |
| Email: | debora.greene@trs.virginia.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.
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