Governor Terry McAuliffe announced today the launch of 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).

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