Alaska
Incentives/Policies for Renewables & Efficiency
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Last DSIRE Review: 06/09/2009
| Incentive Type: |
State Loan Program |
| State: |
Alaska |
| Eligible Renewable/Other Technologies: |
Solar Water Heat,
Solar Space Heat,
Solar Thermal Electric,
Photovoltaics,
Wind,
Renewable Transportation Fuels,
Municipal Solid Waste
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| Applicable Sectors: |
Local Government,
Municipal Utility,
Independent Power Producers
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| Amount: | Varies |
| Terms: | Interest rate tied to municipal bonds |
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Web Site: |
http://akenergyauthority.org/programsloan.html
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Authority 1:
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AS § 42.45.010
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| Date Enacted: | 1993, subsequently amended |
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Summary:
Created by the Alaska State Legislature and administered by the Alaska Energy Authority, this fund provides loans to local utilities, local governments, regional and village corporations, village councils, and independent power producers. It is designed for the development or upgrade of small-scale power production facilities, 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.
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Please note: The information on the DSIRE web site provides an overview of incentives and other policies, but it should not be used as the only source of information when making purchasing decisions, investment decisions, tax decisions or other binding agreements. Please refer to the individual contact provided in each record to verify that a specific incentive or other policy is applicable to your specific project.
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