| Implementing Sector: | State |
| Category: | Financial Incentive |
| State: | Alaska |
| Incentive Type: | Loan Program |
| Web Site: | https://www.ahfc.us/efficiency/non-residential-buildings/energy-efficiency-revolving-loan-fund-aeerlp |
| Administrator: | Alaska Housing Finance Corporation |
| Eligible Efficiency Technologies: | Custom/Others pending approval, Yes; specific technologies not identified |
| Maximum Loan: | Not specified. |
| Loan Term: | Not specified. |
| Interest Rate: | Not specified. |
| Name: | SB 220 |
| Date Enacted: | 6/16/2010 |
| Name: | AS 18.56.855 |
| Date Enacted: | 6/16/2010 |
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 entities, and municipal governments for energy efficiency improvements.
In order to participate in this program, energy efficiency measures funded by the loan must provide savings greater than the loan payments. Borrowers must obtain an investment-grade audit, which determines the energy efficiency measures eligible for a loan. All improvements must be completed within one year of closing on the loan. There is no prescribed maximum loan amount or loan term; these items are subject to AHFC approval.
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A solar PV system is custom-designed for your home. Final solar system price may vary based on your location, monthly utility bill, government incentives and rebates, the condition of your home, and local installation prices. Solar PV system output and estimated savings are calculated based on several factors including product type, system production, geography, weather, shade, electricity use, full utilization of the 30% solar investment tax credit, and utility rate structures and rate increases. Savings on your total electricity costs are not guaranteed. Financing options and terms vary by location, and may not be available in all areas. HahaSmart is neither the lender nor the project installer. HahaSmart License# 1060456 (CA) / 35516 (TX) / 13VH11205800 (NJ) / PA160593 / 200259 (MA) / 0662521 (CT) / 12007402-5501 (UT) / EC13003412 (FL) / RBC 781 (SC) / U.30166 (NC)
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