Businesses, Nonprofits, Gov entities
Government-funded
$10.0M
per applicant
Loan
Below-market financing
Rolling
No fixed cutoff
Rolling
Apply when you're ready
Moderate
Underwriting required
Provides low-interest revolving loans to Virginia local governments, public schools, colleges, and nonprofits for energy efficiency improvements, with repayment from guaranteed utility cost savings.
Do I qualify?
Answer the questions below for a rules-based self-assessment of your fit for this program. This is informational — final determinations are made by the administering agency.
1.Must be a Virginia local government, public school division, state agency, or nonprofit
2.Project must achieve measurable energy savings sufficient to repay the loan
3.Loan amounts: $50K–$10M at 2–4% interest; terms based on project payback period
4.Energy performance contract or technical feasibility study required
5.Priority for projects in economically disadvantaged communities
IRS · United States
Allows businesses to deduct up to $5.65/sq ft for commercial buildings achieving significant energy savings through improvements to HVAC, lighting, and building envelope systems. IRA expanded the deduction and allowed non-profits and government to allocate it.
NCDOR · North Carolina
Provides state income tax credits for investments in renewable energy equipment and energy efficiency improvements for business properties in North Carolina, stackable with federal ITC.
WVDED · West Virginia
Business and occupation tax credits for qualifying businesses creating 20+ new jobs in West Virginia, with enhanced benefits for investments in high-unemployment counties.