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Alabama

Alabama

Incentives/Policies for Renewables & Efficiency

Printable Version
Local Government Energy Loan Program   

Last DSIRE Review: 07/25/2014
Program Overview:
State: Alabama
Incentive Type: State Loan Program
Eligible Efficiency Technologies: Lighting, Chillers , Furnaces , Boilers, Heat pumps, Central Air conditioners, Heat recovery, Energy Mgmt. Systems/Building Controls, Caulking/Weather-stripping, Duct/Air sealing, Building Insulation, Windows, Doors, Siding, Roofs, Motors, Motor VFDs, Custom/Others pending approval, Water System and Sewage, Street and Sports Field Lighting, Traffic Signals
Eligible Renewable/Other Technologies: Passive Solar Space Heat, Solar Water Heat, Photovoltaics, Wind, Biomass, Hydroelectric, Geothermal Electric, Geothermal Heat Pumps, CHP/Cogeneration, Daylighting, Small Hydroelectric, Other Distributed Generation Technologies, Geothermal Direct-Use
Applicable Sectors: Schools, Local Government
Maximum Incentive:$350,000 per local government or school campus; $500,000 per school system
Terms:0% for up to 10 years, with a 3% management fee; estimated simple payback must be within 10 years
Funding Source:State Revolving Loan Fund
Web Site: http://www.adeca.alabama.gov/Divisions/energy/Pages/EnergyFinanci...
Summary:

Through a public-private partnership with PowerSouth, Alabama's Local Government Energy Loan Program offers zero-interest loans to local governments, K-12 schools, and public colleges and universities for renewable energy systems and energy efficiency improvements that will eventually have a payback through utility savings. Under the program, municipal and county governments, and colleges and universities may borrow up to $350,000 for eligible projects, and K-12 schools may receive up to $350,000 per campus or $500,000 per school system for eligible projects. Eligible renewable energy resources generally include biomass, hydropower, geothermal energy, wind energy, and solar energy.

The application is available on the program web site. An energy audit must be completed to identify necessary improvements. Following installation, the loan recipient must be benchmarked using the Energy Star Portfolio Manager program.


 
Contact:
  Jennifer Young
Alabama Department of Economic and Community Affairs
Energy Division
P.O. Box 5690
401 Adams Avenue
Montgomery, AL 36103-5690
Phone: (334) 353-3006
Fax: (334) 242-0552
E-Mail: Jennifer.young@adeca.alabama.gov
Web Site: http://www.adeca.alabama.gov/Pages/default.aspx
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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.