Solar & Battery Regulation & Incentive Programs

Energy Project and Equipment Financing

Program Overview


Category:
Financial Incentive
Program Type:
Loan Program
Implementing Sector:
State
State:
Virginia
Eligible Storage Technologies:
Solar Water Heat, Solar Space Heat, Geothermal Electric, Solar Thermal Electric, Solar Thermal Process Heat, Solar Photovoltaics, Wind (All), Biomass, Geothermal Heat Pumps, Municipal Solid Waste, Combined Heat & Power, Landfill Gas, Custom/Others pending approval, Yes; specific technologies not identified, Wind (Small), Geothermal Direct-Use
Website:
https://www.virginiaresources.gov/page/programs/
Loan Term:
Varies
Administrator:
Virginia Resource Authority
Applicable Sectors:
Local Government
Last Updated:
07/16/2020

Summary

The Virginia Resources Authority (VRA) was created in 1984 and provides financial assistance to local governments in Virginia for a variety of projects, including energy and energy conservation projects. In March 2011, H.B. 2389 added "renewable energy" to the list of eligible projects (though it may have already been technically eligible under the "energy" category). VRA offers a couple financing options, including the Virginia Pooled Financing Program and Revolving Loan Funds. Interested entities can use the contact form available on the VRA web site in order to discuss financing options with VRA staff.


Authorities

NameEnacted DateEffective DateExpired Date
Va. Code § 62.1-197 et seq.1984 (subsequently amended)