Combined Heat and Power Partnership
Commonwealth's Energy Leasing Program
| Date Last Updated | 11/16/2012 |
| Incentive Type | Loan |
| State/Federal | VA |
| Incentive Administrator/Contact Office | Virginia Department of the Treasury |
| Incentive Initiation Date | 7/1/2011 |
| Incentive Size and Funding Source | 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. Shorter terms may be available from the Treasury Board?s Commonwealth's Master Equipment Leasing Program. The term may not exceed the aggregate useful life of the equipment/project. The interest rates are indexed to the US Interest Rate Swap Curve as reported via Bloomberg News three (3) days prior to the Acceptance Date and are fixed at the time of each financing lease. |
| Eligible Recipient | This program provides funding for energy efficiency projects in state facilities operated by state agencies, authorities and institutions of the Commonwealth of Virginia. |
| Eligible Fuel | Does Not Specify |
| Eligible Project Size (MW) | Does Not Specify |
| Minimum Efficiency Required (%) | Does Not Specify |
| Other Selected Eligibility Criteria | 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. |
| Application Form(s) | Application Instructions |
| Resource Website(s) |
