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Great News for Virginia Energy!

Great News!

Virginia Governor Terry McAuliffe ( here an event hosted by Virginia Asian Chamber of Commerce in February 2015 at the Virginia General Assembly standing next to VACC Chairman Tinh Phan ) announced on September 2, 2015 that he is launching VirginiaSAVES, the Commonwealth’s first Green Community Program.

VirginiaSAVES is a loan program created to lower financing costs for energy efficiency, renewable energy generation and alternative fuel projects. This low-cost financing tool will be available to local government, institutional and commercial and industrial entities in the Commonwealth. VirginiaSAVES will be funded through $20 million in federally-allocated Qualified Energy Conservation Bonds (QECBs).

Governor McAuliffe said, “Providing the public and private sectors with the tools they need to reduce energy consumption and save on energy costs is critical for building a new Virginia economy.

“It is great to know there is a program in Virginia that encourages investments that also improves energy security, reduce Virginia’s dependence on federal spending and attract new jobs and advanced energy industries.”, said Tinh Phan, VACC Chairman.

Interested in applying for a loan through the VirginiaSAVES Green Community Program ? Please visit: for borrower eligibility and project selection criteria, service provider registration forms and other program documents and information.