Agricultural Energy Loan Program (Vermont)

From Open Energy Information


Last modified on February 12, 2015.

Financial Incentive Program

Place Vermont

Name Agricultural Energy Loan Program
Incentive Type State Loan Program
Applicable Sector Agricultural
Eligible Technologies Equipment Insulation, Lighting, Lighting Controls/Sensors, Chillers, Furnaces, Boilers, Heat pumps, Central Air conditioners, Heat recovery, Steam-system upgrades, Compressed air, Programmable Thermostats, Caulking/Weather-stripping, Duct/Air sealing, Building Insulation, Windows, Doors, Siding, Roofs, Agricultural Equipment, CHP/Cogeneration, Solar Thermal Electric, Photovoltaics, Landfill Gas, Wind, Biomass, Hydroelectric, Geothermal Electric, Anaerobic Digestion, Fuel Cells using Renewable Fuels, LED Lighting
Active Incentive Yes
Implementing Sector State/Territory
Energy Category Renewable Energy Incentive Programs, Energy Efficiency Incentive Programs

Maximum Incentive 1,355,000

Terms Determined on a case-by-case basis; maximum term is 20 years
Program Administrator Vermont Agricultural Credit Corporation (VACC)

References DSIREDatabase of State Incentives for Renewables and Efficiency[1]


The Agricultural Energy Loan Program (AELP) is one of four loan programs under Vermont's Sustainable Energy Loan Fund. The AELP, created in 2013 as part fo the fund, is administered by the Vermont Agricultural Credit Corporation (VACC). The AELP provides loans to agriculture- or forest product-based companies for renewable energy and energy efficiency projects.

The maximum total amount of loans that can be ouststanding to a borrower at any time is $1,355,000. The percent of the project funded by VACC is negotiable. Loans are provided at variable rates, although fixed rates may be available in some circumstances; current rates can be found here . Loan terms are determined on a case-by-case basis, but the maximum loan term is 20 years.

Fees associated with AELP loans include (1) a 0.5% commitment fee ($250 minimum and $2,500 maximum), (2) a $25 credit report fee, (3) an $18 flood insurance certification (if required), (4) an appraisal reimbursement (if applicable), and (5) document recording and discharge fees. There is no application fee associated with this loan.

Incentive Contact

Contact Name Steve Greenfield
Department Vermont Economic Development Authority (VEDA)

Place Montpelier, Vermont
Phone (802) 828-5459


Authorities (Please contact the if there are any file problems.)

Authority 1: H. 395 (Act No. 87)
Date Effective 2013-06-17
Date Enacted 2013-06-17

  • Incentive and policy data are reviewed and approved by the N.C. Solar Center's DSIRE project staff.[1]


  1. 1.0 1.1  "Database of State Incentives for Renewables and Efficiency" Cite error: Invalid <ref> tag; name "DSIRE" defined multiple times with different content