The Virginia Department of Conservation and Recreation may elect to lease its lands for the development of mineral interests (defined herein as petroleum, natural gas, coal, ore, rock and any other solid chemical element or compound which results from the inorganic process of nature), or to convey, lease, or demise lands for other purposes deemed by the Department to be in the public interest.
The Major Business Facility Job Tax Credit is a program administered by the Virginia Department of Taxation. The credit provides $1,000 per job over a 25 or 50-job threshold, which varies by locality. The job threshold must be met within a 12 month period and is taken in equal installments over a two year period.
Virginia allows any county, city or town to exempt or partially exempt solar energy equipment or recycling equipment from local property taxes. Residential, commercial or industrial property is eligible.
In March 2008, Virginia enacted legislation that would allow local jurisdictions to assess the property tax of energy efficient buildings at a reduced rate. Under this law, eligible energy-efficient buildings, not including the real property on which they are located, may be considered a separate class of property for local taxation purposes. Accordingly, the governing body of any county, city or town may, by ordinance, allow a special assessment of the property taxes for this class of property.
'''''Note: The Federal Housing Financing Agency (FHFA) issued a [http://www.fhfa.gov/webfiles/15884/PACESTMT7610.pdf statement] in July 2010 concerning the senior lien status associated with most PACE programs. In response to the FHFA statement, most local PACE programs have been suspended until further clarification is provided. '''''
The LEAP program offers a range of incentive options to residents in Northern Virginia, and the city of Charlottesville, Albemarle, Louisa, Greene, Fluvanna, Culpeper, Orange, Nelson and Madison. LEAP utilizes an online Home Energy Profile to enroll utility customers in LEAP's Home Performance with ENERGY STAR program. A BPI Buildings Analyst-certified contractor will conduct the Home Performance Assessment.*
The Loan Guaranty Program, administered by the Virginia Small Business Financing Authority, is designed to help small businesses obtain funds to start, enhance, or expand their operations, and create new jobs. To qualify, businesses must have $10 million or less in annual revenues over the last three years; or have a net worth of $2 million or less; or have fewer than 250 employees; or be a non-profit. The maximum guaranty is $750,000 or 85% of the loan amount, and the lines of credit are provided on an annual basis, with up to four renewals.
The Virginia Department of Conservation and Recreation has developed the Commonwealth's first comprehensive, continually maintained GIS data layer for Virginia's protected conservation lands. This database includes mapped boundaries and attributes for public and certain private lands having various conservation, recreation and open-space roles. Most federal, state, regional and interstate lands are included.
This incentive is available for dishwashers, clothes washers, air conditioners, ceiling fans, compact fluorescent light bulbs, dehumidifiers, programmable thermostats or refrigerators that meet or exceed federal Energy Star standards. Purchases of fuel cells that generate electricity using an electrochemical process, have an electricity-only generation efficiency greater than 35%, and have a generating capacity of at least two kilowatts(kW) are also eligible for the deduction.