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Commercial Energy Loan Program (Vermont)
Incentive/Active true  +
Incentive/ApplDsc Commercial  +
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 2,000,000  +
Incentive/Name Commercial Energy Loan Program  +
Incentive/ProgAdmin Vermont Economic Development Authority (VEDA)  +
Incentive/Summary The Commercial Energy Loan Program (CELP) …
The Commercial Energy Loan Program (CELP) 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 Fund, created in 2013, is administered by the Vermont Economic Development Authority (VEDA). The CELP provides loans to businesses for larger renewable energy and energy efficiency projects. The maximum loan amount is $2,000,000, and VEDA will only fund up to 40% of the project. The remainder is typically funded 50% by a bank and 10% by the borrower. 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 CELP loans include a 1% commitment fee ($1,000 minimum and $3,500 maximum), a $50 credit report fee, an $18 flood insurance certification (if required), an appraisal reimbursement (if applicable), and document recording and discharge fees. There is no application fee for this loan.
There is no application fee for 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 + , 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 of 20 years  +
Incentive/Type State Loan Program +
OpenEI/PageDescription Commercial Energy Loan Program: energy incentive program.  +
OpenEI/PageKeyword Energy Incentives  + , Vermont  + , State Loan Program  + , Vermont Economic Development Authority (VEDA)  +
Place Vermont: Energy Resources +
Website http://www.veda.org/financing-options/vermont-commercial-financing/commercial-energy-loan-program/  +
Categories Financial Incentive Programs , Pages with reference errors , Incentive with Contacts , Incentive with Authorities
Modification date
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18:58:53, 12 February 2015  +
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