Governor McAuliffe Announces $20 Million to Improve Energy Efficiency in Virginia

Governor Terry McAuliffe recently announced the launch of Virginia's first Green Community Program, VirginiaSAVES, created to lower financing costs for energy efficiency, renewable energy generation and alternative fuel projects.  VirginiaSAVES will be funded through $20 million in federally-allocated qualified energy conservation bonds.

Speaking about the announcement, 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.  VirginiaSAVES encourages investments that will save money, improve energy security, reduce Virginia’s dependence on federal spending and attract new jobs and advanced energy industries.”

“One of our best economic development strategies is to catalyze strategic growth in the energy sector,” said Secretary of Commerce and Trade Maurice Jones. “VirginiaSAVES will help businesses and localities save money while creating jobs in high growth industries focused on renewable development and energy efficiency.” 

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Date Posted: 9/24/2015