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Alaska

Alaska

Incentives/Policies for Renewables & Efficiency

Printable Version
Energy Efficiency Revolving Loan Fund Program   

Last DSIRE Review: 09/12/2012
Program Overview:
State: Alaska
Incentive Type: State Loan Program
Eligible Efficiency Technologies: Custom/Others pending approval, Unspecified Technologies
Applicable Sectors: Schools, Local Government, State Government, Institutional
Amount:Not specified.
Maximum Incentive:Not specified.
Terms:There is a maximum term of 15 years.
Web Site: http://www.ahfc.us/loans/akeerlf_loan.cfm
Authority 1:
Date Enacted:
AS 18.56.855
6/16/2010
Authority 2:
Date Enacted:
SB 220
6/16/2010
Summary:

In June 2010, the Alaska Legislature enacted SB 220, an omnibus energy bill, which created several renewable energy and energy efficiency programs, including the Alaska Energy Efficiency Revolving Loan Fund Program. This program is administered by the Alaska Housing Finance Corporation (AHFC) and offers loans to schools, the University of Alaska, state government, and municipal governments for energy efficiency improvements.

In order to participate in this program, the entity requesting the loan must assess existing energy use by participating in the Retrofit Energy Assessment for Loan (REAL) process. This ensures that energy efficiency measures funded by the loan will provide savings greater than the loan payments. An investment grade audit is also required and the energy efficiency measures eligible for a loan will be determined by this audit. There is a maximum term length of 15 years and no maximum loan amount. However, loans in excess of $1.5 million require special approval.


 
Contact:
  Scott Waterman
Alaska Housing Finance Corporation
P.O. Box 101020
Anchorage, AK 99510-1020
Phone: (907) 330-8195
Fax: (907) 338-1747
E-Mail: swaterma@ahfc.us
Web Site: http://www.ahfc.us/
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Disclaimer: The information presented on the DSIRE web site provides an unofficial overview of financial incentives and other policies. It does not constitute professional tax advice or other professional financial guidance, and it should not be used as the only source of information when making purchasing decisions, investment decisions or tax decisions, or when executing other binding agreements. Please refer to the individual contact provided below each summary to verify that a specific financial incentive or other policy applies to your project.

While the DSIRE staff strives to provide the best information possible, the DSIRE staff, the N.C. Solar Center, N.C. State University and the Interstate Renewable Energy Council, Inc. make no representations or warranties, either express or implied, concerning the accuracy, completeness, reliability or suitability of the information. The DSIRE staff, the N.C. Solar Center, N.C. State University and the Interstate Renewable Energy Council, Inc. disclaim all liability of any kind arising out of your use or misuse of the information contained or referenced on DSIRE Web pages.

Copyright 2013 - 2014 North Carolina State University, under NREL Subcontract No. XEU-0-99515-01. Permission granted only for personal or educational use, or for use by or on behalf of the U.S. government. North Carolina State University prohibits the unauthorized display, reproduction, sale, and/or distribution of all or portions of the content of the Database of State Incentives for Renewables and Efficiency (DSIRE) without prior, written consent.