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Alternative Energy Conservation Loan Fund (Alaska)
EZFeed/Relevant TBD  +
Incentive/Active true  +
Incentive/ApplDsc Commercial  +
Incentive/Auth2Code 3 AAC 78.010 - 3 AAC 78.900  +
Incentive/Auth2Link http://www.legis.state.ak.us/basis/folioproxy.asp?url=http://wwwjnu01.legis.state.ak.us/cgi-bin/folioisa.dll/aac/query=[JUMP:'Title3Chap78']/doc/{@1}?firsthit  +
Incentive/AuthCode AS 45.88.010 - 45.88.090  +
Incentive/AuthLink http://www.legis.state.ak.us/basis/statutes.asp#45.88.010  +
Incentive/ContAddr 550 W. 7th Avenue Suite 1770  +
Incentive/ContDept Department of Commerce, Community, and Economic Development  +
Incentive/ContDiv Division of Economic Development  +
Incentive/ContEmail financing@alaska.gov  +
Incentive/ContName Loan Program  +
Incentive/ContPhone (800) 478-5626  +
Incentive/ContPlace Anchorage, Alaska  +
Incentive/ContZip 99501  +
Incentive/EnergyCat Renewable Energy Incentive Programs  + , Energy Efficiency Incentive Programs  +
Incentive/ImplSector State/Territory  +
Incentive/MaxInc Maximum loan amount is 50,000.00. Loan req
Maximum loan amount is 50,000.00. Loan requests over 30,000 require a letter of denial from a financial institution, stating the reason(s) for denial, or confirmation that a loan from a financial institution is contingent on the applicant receiving a loan from the fund.
applicant receiving a loan from the fund.  +
Incentive/Name Alternative Energy Conservation Loan Fund  +
Incentive/ProgAdmin The Division of Economic Development, Department of Commerce, Community, and Economic Development  +
Incentive/Summary The Division of Economic Development, Depa
The Division of Economic Development, Department of Commerce, Community, and Economic Development is providing loans to purchase, construct and install alternative energy systems or energy conservation improvements in commercial buildings. The program defines an alternative energy system as a source of thermal, mechanical or electrical energy that is not dependent on oil, gas, or nuclear fuel for the supply of energy for space heating and cooling, refrigeration and cold storage, electrical power, mechanical power, or heating of water. Applicants must be Alaska residents for the 12 months prior to the date of application to be eligible. If the applicant is a partnership or corporation, each individual owning an interest must complete an application, and those with a 20% or greater ownership stake must complete a residency questionnaire and a financial statement. The maximum loan amount is $50,000. Applications for loans over $30,000 must include a letter of denial from a financial institution stating the reason for denial, or specifying that the loan is contingent upon receiving additional funds from the state fund. The maximum loan term is 20 years. The interest rate will be fixed at the time of loan approval and current rates can be found on the program website. All loans must be adequately secured, include a lien on real property, and the improvements financed. A $100 application fee (non-refundable) must accompany all applications. A 1% origination fee is due at closing. Borrower is responsible to pay all direct costs incurred in processing an application including title reports and title insurance, recording fees, appraisals, travel or other direct costs.
appraisals, travel or other direct costs.  +
Incentive/TechDsc Furnaces + , Boilers + , Caulking/Weather-stripping + , Duct/Air sealing + , Building Insulation + , Windows + , Doors + , Custom/Others pending approval + , Solar Water Heat + , Solar Space Heat + , Photovoltaics + , Wind + , Biomass + , Fuel Cells using Renewable Fuels + , Other Distributed Generation Technologies +
Incentive/Terms Maximum loan term is 20 years.  +
Incentive/Type State Loan Program +
OpenEI/PageDescription Alternative Energy Conservation Loan Fund: energy incentive program.  +
OpenEI/PageKeyword Energy Incentives  + , Alaska  + , State Loan Program  + , The Division of Economic Development  + , Department of Commerce  + , Community  + , and Economic Development  +
Place Alaska: Energy Resources +
Website http://commerce.alaska.gov/dnn/ded/FIN/LoanPrograms/AlternativeEnergyLoanProgram.aspx  +
Categories Financial Incentive Programs , Pages with reference errors , Incentive with Contacts , Incentive with Authorities
Modification date
"Modification date" is a predefined property that corresponds to the date of the last modification of a subject and is provided by Semantic MediaWiki.
09:00:56, 17 December 2014  +
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