| Implementing Sector: | State |
| Category: | Financial Incentive |
| State: | Virginia |
| Incentive Type: | Loan Program |
| Web Site: | https://www.virginiaresources.gov/page/programs/ |
| Administrator: | Virginia Resource Authority |
| Eligible Renewable/Other 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, Wind (Small), Geothermal Direct-Use |
| Eligible Efficiency Technologies: | Custom/Others pending approval, Yes; specific technologies not identified |
| Loan Term: | Varies |
| Name: | Va. Code § 62.1-197 et seq. |
| Date Enacted: | 1984 (subsequently amended) |
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 several financing options, including the Virginia Pooled Financing Program, Revolving Loan Funds, and Term Financing. Interested entities should use the contact form available on the VRA web site in order to discuss financing options with VRA staff.
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