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Alaska

Alaska

Incentives/Policies for Renewables & Efficiency

Printable Version
Power Project Loan Fund   

Last DSIRE Review: 11/05/2014
Program Overview:
State: Alaska
Incentive Type: State Loan Program
Eligible Renewable/Other Technologies: Solar Water Heat, Solar Space Heat, Solar Thermal Electric, Photovoltaics, Wind, Municipal Solid Waste
Applicable Sectors: Local Government, Municipal Utility, Independent Power Producers
Amount:Varies
Terms:Interest rate tied to municipal bonds
Web Site: http://www.akenergyauthority.org/programsloan.html
Authority 1:
Date Enacted:
AS ยง 42.45.010
1993, subsequently amended
Authority 2:
Date Effective:
3 AAC 106.100 et seq.
02/16/1996
Summary:
Created by the Alaska State Legislature and administered by the Alaska Energy Authority, this fund provides loans to electric utilities, regional electric utilities, municipalities, regional and village corporations, village councils, and independent power producers. It is designed for the development or upgrade of small-scale power production facilities of less than 10 megawatts, conservation facilities, and bulk fuel storage facilities. This includes energy production, transmission and distribution, and waste energy conservation facilities that depend on fossil fuel, wind power, tidal, geothermal, biomass, hydroelectric, solar or other energy sources.

The loan term is related to the life of the project. Interest rates are the lesser of the average weekly yield of municipal bonds for the 12 months preceding the date of loan, or a rate the Alaska Energy Authority determines will allow the project to be financially feasible. Maximum loan amounts may be determined by available funds in the program. Contact the Alaska Energy Authority at (888) 300-8534 (within Alaska) for current restrictions on maximum loan amounts.

 


 
Contact:
 
 
  Cady Lister
Alaska Energy Authority
813 West Northern Lights Blvd
Anchorage, AK 99503
Phone: (907) 771-3039
Phone 2: (888) 300-8534
Fax: (907) 771-3044
E-Mail: clister@aidea.org
Web Site: http://www.aidea.org/aea.htm
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Disclaimer: The information presented on the DSIRE web site provides an unofficial overview of financial incentives and other policies. It does not constitute professional tax advice or other professional financial guidance, and it should not be used as the only source of information when making purchasing decisions, investment decisions or tax decisions, or when executing other binding agreements. Please refer to the individual contact provided below each summary to verify that a specific financial incentive or other policy applies to your project.

While the DSIRE staff strives to provide the best information possible, the DSIRE staff, the N.C. Solar Center, N.C. State University and the Interstate Renewable Energy Council, Inc. make no representations or warranties, either express or implied, concerning the accuracy, completeness, reliability or suitability of the information. The DSIRE staff, the N.C. Solar Center, N.C. State University and the Interstate Renewable Energy Council, Inc. disclaim all liability of any kind arising out of your use or misuse of the information contained or referenced on DSIRE Web pages.

Copyright 2013 - 2014 North Carolina State University, under NREL Subcontract No. XEU-0-99515-01. Permission granted only for personal or educational use, or for use by or on behalf of the U.S. government. North Carolina State University prohibits the unauthorized display, reproduction, sale, and/or distribution of all or portions of the content of the Database of State Incentives for Renewables and Efficiency (DSIRE) without prior, written consent.