New Commercial Loan Program Unveiled Today for City of Charlottesville Commercial Building, Business, and Nonprofit Owners
March 29, 2016: Charlottesville, Virginia – The Local Energy Alliance Program (LEAP) launched a new program for commercial buildings in the City of Charlottesville that, together with a new loan with rates as low as 0% from UVA Community Credit Union, will help bring down energy costs, improve the comfort of their spaces for employees and customers, and become a more competitive and environmentally-friendly business. The program and loans were announced at a luncheon for local businesses in Charlottesville today.
City of Charlottesville commercial building and business owners now have access to:
— Presentations by LEAP, one-on-one consultations, walk-through energy assessments, benchmarking, qualified contractors, financing resources, and support for renewable energy solutions.
— UVA Community Credit Union’s 0% interest loan for energy efficiency improvements or renewable energy systems, and a rate reduction program for up to $60,000 with rates as low as 0%. Terms depend on loan amount.
Local businesses that have worked with LEAP already on energy upgrades include:
- The Covenant School removed window AC units and installed an efficient central HVAC system
- The Mudhouse Coffee Shop switched to LED lighting and installed efficient equipment
- Habitat for Humanity replaced windows, roof materials and HVAC systems.
- Jean Theory switched to LED lights
- McCallum and Kudravetz law firm proactively replaced old and inefficient HVAC units.
- Alloy Workshop increased their efficiency investment while updating their offices.
- University Montessori installed efficiency building systems and added insulation.
- Cedars Court office complex replaced an inefficient rooftop unit.
The Clean Energy Commercial Loans can be used for a variety of projects, including:
- Lighting Upgrades
- Energy Audits (ASHRAE Level 1, 2 or 3)
- Energy Management Controls
- Heating, Ventilation and Air Conditioning
- Refrigeration and Food Service
- Duct Sealing
- Water Heaters
The groups were also joined at the luncheon by a representative of the US Department of Agriculture who gave an overview of Rural Energy for America Program (REAP) grants, available to all local businesses in the City of Charlottesville and the Charlottesville area for energy efficiency or renewable energy projects (e. g. solar).
“LEAP is well known for our work with thousands of homeowners in our area, and we’re proud to bring that expertise and support to commercial property owners. We look forward to helping local businesses overcome financial barriers and embrace smart energy solutions that reduce their operating costs, give them a competitive edge, and improve our community. “ — Andrew Grigsby, Executive Director, LEAP
“The City of Charlottesville is glad to see these opportunities shared with our local businesses and we are excited to see more of them pursue energy efficiency. Being able to link businesses with financing opportunities will drive efficiency and further contribute to local goals of being a sustainable community.” — Kristel F. Riddervold, Environmental Sustainability Manager, City of Charlottesville