Direct Loan Program

August 10, 2007

Summary

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.

Program Overview

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:	Clothes Washers Dishwasher Refrigerators/Freezers Dehumidifiers Ceiling Fan Water Heaters Duct/Air sealing Building Insulation Processing and Manufacturing Equipment Custom/Others pending approval
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

Contact

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.