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Business Energy Conservation Loan Program (Vermont)
Incentive/Active true  +
Incentive/Amt $5,000 to $150,000  +
Incentive/ApplDsc Agricultural  + , Commercial  + , Industrial  + , Nonprofit  +
Incentive/ContAddr 58 East State Street  +
Incentive/ContAddr2 Suite 5  +
Incentive/ContDept Vermont Economic Development Authority  +
Incentive/ContEmail broberts@veda.org  +
Incentive/ContName Bill Roberts  +
Incentive/ContPhone (802) 828-5627  +
Incentive/ContPlace Montpelier, Vermont  +
Incentive/ContZip 05602  +
Incentive/EnergyCat Energy Efficiency Incentive Programs  +
Incentive/ImplSector State/Territory  +
Incentive/MaxInc $150,000  +
Incentive/Name Business Energy Conservation Loan Program  +
Incentive/ProgAdmin Vermont Economic Development Authority  +
Incentive/ProgBudget $1 million  +
Incentive/Summary The Vermont Business Energy Conservation L …
The Vermont Business Energy Conservation Loan Program is a joint-effort between Efficiency Vermont and the Vermont Economic Development Authority. Vermont businesses (including non-profits) involved in manufacturing (or processing and assembly of products), hospitality, services, farms, and retail are eligible, as long as they are 51% owned by US Citizens. Projects must improve the energy efficiency of the building, and improvements to thermal envelope, power, heating, ventilation and cooling systems, lighting, and energy efficiency HVAC equipment are generally eligible. In addition, companies who conduct energy audits would be eligible for loans on equipment needed to carry out their work. Efficiency Vermont will verify the cost-effectiveness of the proposed efficiency upgrades as part of the application process. Loan applicants are encouraged to also apply for [http://www.efficiencyvermont.com/pages/ Efficiency Vermont] incentives to lower the overall amount of the loan.
s to lower the overall amount of the loan.  +
Incentive/TechDsc Agricultural Equipment + , Boilers + , Building Insulation + , Caulking/Weather-stripping + , Central Air conditioners + , Chillers + , Comprehensive Measures/Whole Building + , Compressed air + , Doors + , Duct/Air sealing + , Energy Mgmt. Systems/Building Controls + , Equipment Insulation + , Furnaces + , Heat pumps + , Heat recovery + , Lighting + , Lighting Controls/Sensors + , Processing and Manufacturing Equipment + , Programmable Thermostats + , Roofs + , Siding + , Steam-system upgrades + , Water Heaters + , Windows +
Incentive/Terms 5-year loan term (may be amortized up to ten years), interest rate is VEDA's Small Business Index minus 1.5% for five years then adjusting to variable Small Business Loan Program Index Rate. Closing fees apply to all loans.  +
Incentive/Type State Loan Program +
OpenEI/PageDescription Business Energy Conservation Loan Program: energy incentive program.  +
OpenEI/PageKeyword Energy Incentives  + , Vermont  + , State Loan Program  + , Vermont Economic Development Authority  +
Place Vermont: Energy Resources +
Website http://www.veda.org/financing-options/vermont-commercial-financing/vermont-business-energy-conservation-loan-program/  +
Categories Financial Incentive Programs , Incentive with Contacts
Modification date
"Modification date" is a predefined property that corresponds to the date of the last modification of a subject and is provided by Semantic MediaWiki.
18:19:55, 12 February 2015  +
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