Commonwealth's Energy Leasing Program

November 15, 2019

Summary

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.

Program Overview

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:	Solar Water Heat Geothermal Electric Solar Thermal Electric Solar Photovoltaics Wind (All) Biomass Geothermal Heat Pumps Combined Heat & Power Equipment Insulation Lighting Energy Mgmt. Systems/Building Controls Caulking/Weather-stripping Duct/Air sealing Building Insulation Windows Doors Siding Motors Custom/Others pending approval Wind (Small) Geothermal Direct-Use Other Distributed Generation Technologies
Terms:	Energy Projects less than $100,000 are not eligible for financing through the Energy Leasing Program

Authorities

Name:

Va. Code § 2.2-2417

Name:	Treasury Board's Energy Leasing Program
Effective Date:	07/01/2011

Contact

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.