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VA Governor Kaine Announces Loan Program for Energy Efficiency

Governor Kaine today announced the recapitalization of the Commonwealth's Energy Leasing Program, a loan program to finance energy efficiency projects in state agencies. The Commonwealth has secured $40 million in financing for the projects, including $10 million in capital from Grant Capital Management, a state-certified SWAM vendor. The loans are expected to be repaid by agencies from energy savings generated by the projects. The first loan from the program will be $6.6 million to George Mason University for a series of upgrades at their Fairfax and Prince William campuses, including improvements to lighting, irrigation, metering, and heating and cooling of facilities. 09/28 M2 PRESSWIRE