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Funding Resources
Funding Resources
| VT Business Energy Conservation Loan Program | |
|---|---|
| Type of Incentive | Loan |
| Eligible States | VT |
| Eligible Technology | Backpressure Turbine, Boiler, Combustion Turbine, Condensing Turbine, Extracting Turbine, Fuel Cell, Microturbine, Other, Reciprocating Engine, Heat Recovery Generator, Stirling Engine |
| Eligible Fuel | # 2 Fuel Oil, # 6 Fuel Oil, Biogas, Biomass, Coal, Hydrogen, LFG, Municipal Solid Waste, Natural Gas, Other, Tire-Derived Fuel, Waste heat Recovery |
| Eligible Project Size | All (MW) |
| Number of Awards | |
| Size of Award | The Vermont Business Energy Conservation Loan Program is a joint-effort between Efficiency Vermont and the Vermont Economic Development Authority. The program may make loans ranging from $5,000 up to a maximum of $150,000. The program may fund up to 75 percent of the cost of a project. |
| Start Date | 1/11/2010 |
| End Date |
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| Minimum Efficiency(%) |
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| Additional Information |
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. Loans are for a 5-year term (may be amortized up to ten years). Interest rate on the loan for the first three years will be Vermont Economic Development Authority's Prime Rate minus 0.75 percent, adjusted as Vermont Economic Development Authority's Prime Rate changes. |
| Web Site |
http://www.veda.org/financing-options/vermont-commercial-financing/ vermont-business-energy-conservation-loan-program/  |
| Additional Web Site |
http://www.dsireusa.org/incentives/ incentive.cfm?Incentive_Code=VT46F¤tpageid=3&EE=1&RE=1 |
| Primary Contact |
Bill Roberts 58 East State Street Suite 5 Montpelier, VT 05602 Bill Roberts (broberts@veda.org) (802) 828-5627 |