What is REAP?
Renewable Energy Alaska Project (REAP) is a coalition of small and large Alaska electric utilities, businesses, conservation and consumer groups, Alaska Native organizations, and local, state, and federal entities with an interest in developing Alaska’s vast renewable energy resources and promoting energy efficiency.
Will renewable energy save me money?
In the long run, development of renewable energy resources will save money by stabilizing the rates associated with energy production. Because there are no fuel costs associated with renewable energy, the cost of producing energy is not affected by the supply of petroleum, natural gas or coal. As renewable energy technology advances, the costs of developing renewable energy decreases. For example, the Bradley Lake hydroproject near Homer was considered expensive when it was built in 1991 but now provides the cheapest source of power in the Railbelt at 4 cents a kilowatt hour.
How expensive is renewable energy?
The cost of renewable energy varies according to the technology used, the location of the resource, and the size of the installation. For example, large-scale wind power is typically cheaper than solar or geothermal electricity, but more expensive than large-scale hydropower. The costs of electricity produced by the same technology can vary greatly. A 100 kW wind turbine in a rural village will cost more per kWh than electricity produced with 1.5 MW turbines at Fire Island due to the remote location and small scale of the project.
What can I do to save money on energy now?
Energy efficiency is the cheapest and easiest way to reduce the amount of energy used and save money. Investing in a fuel efficient vehicle (or a bicycle), updating your home and appliances, or changing the way you live to be more energy efficient are all ways you can reduce energy costs. The Alaska Housing Finance Corporation offers a variety of rebate and grant programs to help low-to-medium income home-owners and renters make their homes more efficient. Visit REAP’s take action page for more information on what you can do at home.
What is Alaska doing to promote RE/EE?
Alaska currently has a Renewable Energy Grant Fund, which provides grants to develop renewable energy resources in Alaska. The Fund will award a total of $300 million of appropriated capital funds between 2008-2012 to qualifying applicants. The Alaska Housing Finance Corporation (AHFC) also provides a number of weatherization and rebate programs to help promote energy efficiency in Alaska. The Weatherization Program, is available to Alaskans, either homeowners or renters, who meet certain income guidelines and provides weatherization services at no cost to qualified applicants. The Home Energy Rebate Program is for homeowners who do not qualify for the Weatherization Program, but want to make their own energy-efficiency improvements to their home. There is also a rebate for new 5 Star Plus homes. The Second Mortgage Program for Energy Conservation is a loan for borrowers to make cost-effective energy improvements on owner-occupied properties. Visit AHFC for more information on these programs.