• Date Due: October 01, 2026
  • Author: Department of Taxation
  • Enabling Authority: Appropriation Act - Item 265 H. (Special Session I, 2026)
  • Description:
    Report on the review of the current Virginia Energy Leasing Program (VELP) to determine its effectiveness in promoting and financing energy efficiency improvements in state agencies, and shall include: (i) a historical review of projects financed through the program including projected and actual energy savings, operational savings, and facility performance improvements associated with financed projects; (ii) project payback periods and cost-effectiveness metrics; (iii) as part of its review, the department shall consider alternative financing arrangements that may further facilitate and encourage state agencies to pursue energy efficiency projects; (iv) any recommendations for improving program efficiency and participation.