Agricultural Energy Loan Program


  • Vermont individuals, partnerships, for-profit corporations, and limited liability companies planning to undertake a project for construction of or improvements to a renewable energy generating facility; to make energy efficiency improvements to an existing facility; and/or to adopt technologies that enhance or support the development and implementation of renewable energy or energy efficiency, or both. 

 Loan Purposes

  • Must relate to a project undertaken by an agriculture- or forest product-based company for renewable energy generation and/or energy efficiency improvements and/or energy technology;
  • Purchase of land and buildings, new construction or existing facility renovations or refurbishment;
  • Purchase and installation of machinery and equipment;
  • Payment for design, engineering and permit fees relating to an eligible project;
  • VACC can finance or refinance existing assets or debt relating to an eligible project.

 Loan Rates and Terms

  • Attractive variable rates  ( See Current Rates and Fees page );
  • Loan term and amortization determined on a case-by-case basis, up to 20 years;
  • In certain circumstances, a fixed interest rate may be available.  Talk to your VACC loan officer.

Borrowing Limitations

  • The portion of the cost of an eligible project that VACC can finance is negotiable.  Discuss this with your VACC Loan Officer;
  • Maximum aggregate loans outstanding to any borrower at any time may not exceed $1,355,000. This limit is subject to adjustment each year.


  • 0.5% commitment fee with $250 minimum and $2,500 maximum;
  • $25 credit report fee;
  • $18 flood insurance certification (if required);
  • Appraisal reimbursement (if applicable);
  • Document recording/discharge fees; and
  • No application fee.

Application Process

  • In most cases loans up to $300,000 may be approved internally by VACC staff;
  • Loans exceeding $300,000 are presented to the VEDA Board monthly for consideration;
  • Applicants are advised to discuss their proposed project with a VACC loan officer prior to submitting the application;
  • Application may be obtained by calling 802-828-5627.

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