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Combined Heat and Power Partnership

Commonwealth's Energy Leasing Program

dCHPP Glossary (PDF) (2 pp, 53K)

Date Last Updated11/16/2012
Incentive TypeLoan
State/FederalVA
Incentive Administrator/Contact OfficeVirginia Department of the Treasury
Incentive Initiation Date7/1/2011
Incentive Size and Funding SourceThe Energy Leasing Program allows for the purchase of services and equipment required to develop, design and install an energy efficiency project. Agencies can finance energy projects at a minimum of $100,000 and will make repayments over 12- or 15-year terms. Shorter terms may be available from the Treasury Board?s Commonwealth's Master Equipment Leasing Program. The term may not exceed the aggregate useful life of the equipment/project. The interest rates are indexed to the US Interest Rate Swap Curve as reported via Bloomberg News three (3) days prior to the Acceptance Date and are fixed at the time of each financing lease.
Eligible RecipientThis program provides funding for energy efficiency projects in state facilities operated by state agencies, authorities and institutions of the Commonwealth of Virginia.
Eligible FuelDoes Not Specify
Eligible Project Size (MW)Does Not Specify
Minimum Efficiency Required (%)Does Not Specify
Other Selected Eligibility CriteriaThe funds can be used to finance projects with relevant energy efficient technology, such as lighting and motor efficiency upgrades, building envelope enhancements, distribution system improvements and energy management controls.
Application Form(s)Application Instructions
Resource Website(s)

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