RTC Policy Finder

VirginiaSAVES Green Community Loan Program

This program matches industrial, commercial, non-profit, and local governmental entities with private lenders to provide funding for qualified renewable energy and energy efficiency upgrades, including hot water and steam improvements and alternative fuel infrastructure. To deliver a loan, the program issues a Qualified Energy Conservation Bond from the borrower to the lender. Financing can be used for new construction or retrofits. Loans must be at least $500,000 and can be up to $5 million, with interest rates and terms determined between borrowers and lenders case-by-case. It is unclear precisely which set of technologies are eligible under the program, but it appears broad.

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