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).
Home Energy Rebate Program – 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 – 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.
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.
Commercial Buildings — Public
AHFC Energy Efficiency Revolving Loan Fund – 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.
Village Energy Efficiency Program – The Alaska Energy Authority provides energy efficiency audits and improvements to community buildings primarily in rural Alaska through the Village Energy Efficiency Program (VEEP). Started in 2005, 51 villages received energy efficiency improvements with Denali Commission funding, followed by 21 villages funded through ARRA in 2010-2012. Seven projects were selected to receive Village Energy Efficiency Program funds in 2013.
Contact: Rebecca Garrett, Alaska Energy Authority firstname.lastname@example.org (907) 771-3042
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 email@example.com (907) 465-2510
Commercial Building Energy Audit Program – The Alaska Energy Authority (AEA) provides funding for privately owned commercial buildings to receive comprehensive energy audits, up to $7,000 for a qualifying energy audit (funding based on size and complexity of the building). Two rounds of funding have supported energy audits at 179 buildings across the state. Applications are not currently being accepted at this time. To be notified of the next available funding round, email firstname.lastname@example.org and specify “add me to notification list” in the subject line.
Watch this video series to see what changes the Old Harbor Books building in Sitka has made as a result of the program.
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.