~More than $70 million of federal Qualified Energy Conservation Bond allocation dedicated to support energy efficient improvements in Virginia’s clean energy economy~
GORDONSVILLE – Governor McAuliffe today announced that the VirginiaSAVES Green CommunitiesProgram has created more than 900 jobs during his administration, generating more than $70 million in energy savings across the Commonwealth. Created in 2015, the VirginiaSAVES program is the Commonwealth’s first statewide Green Community Program. The program is sponsored by the Virginia Department of Mines, Minerals, and Energy (DMME) and helps public and private sector building owners to reduce the costs of financing clean energy projects, such as energy-efficiency upgrades and renewable energy systems.
“Clean energy is positioned to employ 38,000 Virginians and contribute nearly $300 million to state domestic product by 2030,” said Governor McAuliffe. “Renewable energy technologies – including solar, wind, and innovations in energy efficiency – are delivering clean and affordable energy to consumers across the Commonwealth, including here in Orange County. Projects like these are creating jobs that will help grow local economies and create a better quality of life for all Virginia families. Today’s announcement is a great opportunity for the Commonwealth to tout our leadership to advance energy efficiency and renewable energy generation in the new Virginia economy, and I thank Green Applications for partnering with VirginiaSAVES on this project.”
“The clean energy sector in Virginia is booming and is a tremendous asset for the new Virginia economy,” said Secretary of Commerce and Trade Todd Haymore. “In just over two years, VirginiaSAVES has provided more than $57 million to thirteen projects encompassing more than 150 buildings statewide, resulting in more than 900 new jobs. Through this program, we are lowering barriers to deploying clean energy technology that reduces electricity consumption, carbon emissions, and water use while creating jobs and saving taxpayer dollars. Increasingly our corporate leaders are looking for sites with clean energy diversification, and Virginia is at the forefront of providing affordable, clean energy choices to our residential and commercial consumers.”
Making today’s announcement at the dedication of a new 860 kilowatt rooftop solar array at specialty apparel firm Green Applications, Governor McAuliffe highlighted the positive impact the VirginiaSAVES program has had on both public and private energy consumers across the state. For Green Applications, the solar array will offset almost 50 percent of the facility’s electricity usage, a significant benefit to the company. The system was designed, engineered, and installed entirely by Virginians who work for Charlottesville-based Sun Tribe Solar. The VirginiaSAVES program helps public and private building owners reduce their operating costs and improve cash flow so that they can make other investments in their communities, such as hiring more workers or improving educational resources. Across the VirginiaSAVES project portfolio, the installed upgrades will save over 22,000 megawatt-hours of electricity and over 370,000 gallons of water annually. Greenhouse gas emissions will be reduced by an amount equivalent to taking almost 6,000 passenger vehicles off the road for a year.
“Green Applications is thrilled to be part of the VirginiaSAVES program promoting clean energy in Virginia,” said Robert Butters, CEO of Green Applications. “When Green Applications moved into the Commonwealth three years ago we made a commitment to the community for investment in jobs and capital projects. This solar power project is a great example of how investment in renewable energy can have a positive impact on the environment, but also a long term financial impact by reducing our utility cost.”
“It was exciting to partner with VirginiaSAVES on the Green Applications solar project,” said Taylor Brown, Co-founder of Sun Tribe Solar. “Programs like this move renewable energy and energy efficiency projects forward throughout the state and show the firm commitment that Governor McAuliffe has had to making the Commonwealth a leader in clean energy while creating stable local jobs. We look forward to seeing this trajectory continue and helping more forward-thinking Virginia companies like Green Applications realize their clean energy future.”
VirginiaSAVES (Sustainable and Verifiable Energy Savings) is administered by Clean Source Capital and Abundant Power Group. The program began in 2015 with $66.3 million of Virginia’s remaining allocation of Qualified Energy Conservation Bonds (QECBs). These QECBs were originally allocated to local governments in Virginia in 2010 by the U.S. Department of Energy. In order to expedite use of this resource in benefitting Virginians, Governor McAuliffe in 2014 issued Executive Order 36 which re-authorized their use in a state-operated program. Since its inception in 2015, the VirginiaSAVES program has provided more than $57 million in financing to 13 projects around the state. These projects are projected to save more than 22,000 megawatt hours of electricity annually and cut annual greenhouse gas emissions by more than 27,000 metric tons. The program has resulted in annual utility savings of $3.4 million, which equates to more than $70 million in savings over the life of the projects. By the end of 2017, Virginia had utilized more than $72 million of its $80.6 million federal QECB allocation, either by VirginiaSAVES, or by the localities that used their original sub-allocations, making the Commonwealth one of the most successful states in using its QECB allocation.
More information on the VirginiaSAVES program can be found at: www.dmme.virginia.gov/de/VirginiaSaves.shtml.