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Agricultural Energy Loan Program (Vermont)
Incentive/Active true  +
Incentive/ApplDsc Agricultural  +
Incentive/AuthCode H. 395 (Act No. 87)  +
Incentive/AuthDtEff 2013-06-17  +
Incentive/AuthDtEnact 2013-06-17  +
Incentive/AuthLink http://www.leg.state.vt.us/docs/2014/Acts/Act087.PDF  +
Incentive/ContDept Vermont Economic Development Authority (VEDA)  +
Incentive/ContEmail sgreenfield@veda.org  +
Incentive/ContName Steve Greenfield  +
Incentive/ContPhone (802) 828-5459  +
Incentive/ContPlace Montpelier, Vermont  +
Incentive/ContWebsite http://www.veda.org/  +
Incentive/EnergyCat Renewable Energy Incentive Programs  + , Energy Efficiency Incentive Programs  +
Incentive/ImplSector State/Territory  +
Incentive/MaxInc 1,355,000  +
Incentive/Name Agricultural Energy Loan Program  +
Incentive/ProgAdmin Vermont Agricultural Credit Corporation (VACC)  +
Incentive/Summary The Agricultural Energy Loan Program (AELP …
The Agricultural Energy Loan Program (AELP) is one of four loan programs under Vermont's [http://www.veda.org/veda-in-the-news/sustainable-energy-financing/ 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 [http://www.veda.org/commercial-loan-rates-fees/ 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.
application fee associated with this loan.  +
Incentive/TechDsc 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 energy + , Geothermal Electric + , Anaerobic Digestion + , Fuel Cells using Renewable Fuels +
Incentive/TechDscOther LED Lighting  +
Incentive/Terms Determined on a case-by-case basis; maximum term is 20 years  +
Incentive/Type State Loan Program +
OpenEI/PageDescription Agricultural Energy Loan Program: energy incentive program.  +
OpenEI/PageKeyword Energy Incentives  + , Vermont  + , State Loan Program  + , Vermont Agricultural Credit Corporation (VACC)  +
Place Vermont: Energy Resources +
Website http://www.veda.org/financing-options/vermont-agricultural-financing/agricultural-energy-loan-program/  +
Categories Financial Incentive Programs , Pages with reference errors , Incentive with Contacts , Incentive with Authorities
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17:44:55, 12 February 2015  +
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