Revolving Loan Fund for Public Buildings

Submitted by mwilber on March 23, 2011 - 9:59am

The Alaska Energy Efficiency Revolving Loan Fund is available to finance permanent energy-efficient improvements to buildings owned by Regional educational attendance areas, the University of Alaska, the State, and Municipalities in the state.  

Applicants must first use the Retrofit Energy Assessment for Loan (REAL) in order to start the application for the loan.  An energy audit will reveal no-cost and low-cost ways to save money and energy, as well as help identify and prioritize other cost-effective energy efficiency measures. Although there is no obligation to apply for a loan with AHFC, the building owner can then choose to apply for funds from the Alaska Energy Efficiency Revolving Loan Fund (AEERLF).  

Loans are structured so that estimated savings from improvements are used to pay off the loan.  Energy efficiency improvements can be done by an energy service company, or led by the facility owner.  AEERLF loans allow facility owners to finance the implementation of energy efficiency measures without up-front capital investment or specific appropriations.  Furthermore, most communities will not require a public vote to approve the loans, since there is a built-in revenue stream to re-pay the loans.

More information, applications and contact information are available at the AHFC website or by calling Shaina Kilcoyne, Outreach Coordinator, at 907-929-7770 or s.kilcoyne@realaska.org.