Weatherization Program – The Alaska Housing Finance Corporation (AHFC) administers a weatherization program that offers free energy efficiency improvements to income eligible houses statewide (homeowners and renters may apply).
AHFC Energy Efficiency Interest Rate Reduction Program (EEIRR) – To promote energy efficiency in new or remodeled homes AHFC offers interest rate reductions. Properties must be eligible for AHFC financing and have the ability to be energy rated to qualify for the program. Interest rates could be reduced by as much as .250%!!
Second Mortgage for Energy Conservation – Offered by Alaska Housing Finance Corporation (AHFC), borrowers may obtain financing to make improvements on owner-occupied properties. All improvements must be made within 365 days of loan closing.
Home Energy Rebate Program – This program is no longer accepting new applicants. The Alaska Housing Finance Corporation (AHFC) administers a home energy rebate program without income requirements that offers a rebate up to $10,000 for qualifying energy efficiency improvements statewide.
New Home Rebate Program – This program is no longer accepting new applicants.The Alaska Housing Finance Corporation (AHFC) administers a new home rebate program that provides up a $10,000 rebate for 6 Star homes and $7,000 for 5 Star Plus homes. Owners must apply within one year of home’s completed construction.
Commercial Buildings — Public
AHFC Energy Efficiency Revolving Loan Program – Intended to help public buildings become more energy efficient, this program finances retrofits for State of Alaska, school district, university, and municipal buildings. The first step is to fill out and submit a Retrofit Energy Assessment for Loan (REAL) form.
Contact: Eric Havelock, Alaska Housing Finance Corporation email@example.com (907) 330-8245
Commercial Buildings — Private
Alternative Energy Conservation Loan Fund – Effective September 2012 a loan of up to $50,000 may be used to purchase, construct and install alternative energy systems or energy conservation improvement in commercial buildings.
Contact: Jim Andersen, Division of Economic Development firstname.lastname@example.org (907) 465-2510
Watch this video series to see what energy efficiency changes the Old Harbor Books building in Sitka has made.
Sustainable Energy Transmission and Supply Development Program (SETS) – Formed in 2012 under Senate Bill 25, SETS provides private and public entities with low interest financing for qualified energy projects, including renewable energy and energy efficiency. For more information contact the Alaska Industrial Development and Export Authority (AIDEA) at (907) 771-3000.
USDA Rural Energy for America Program (REAP) – provides financial assistance to promote energy efficiency and renewable energy development through loans and grants.
Energy Service Companies (ESCOs) can offer financing for both public and private buildings through different contract options for a broad range of energy solutions. ESCOs can be a single point of contact for an energy upgrade project and accept complete responsibility for the project and guarantee annual energy savings.
Talk to your local banker about financing for energy efficiency upgrades.