Alabama
Incentives/Policies for Renewables & Efficiency
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Last DSIRE Review: 11/19/2009
| Incentive Type: |
Utility Loan Program |
| State: |
Alabama |
| Eligible Efficiency Technologies: |
Heat pumps,
Building Insulation,
Windows,
Doors
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| Eligible Renewable/Other Technologies: |
Geothermal Heat Pumps
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| Applicable Sectors: |
Residential
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| Terms: | Interest Rate: 5%
Minimum Loan: $300
Max: $5,000, $12,000 for geothermal heat pump
48 months, 60 months for geothermal
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Web Site: |
https://www.southaec.com/content.cfm?id=2014
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Summary:
South Alabama Electric Cooperative is a part owner of Alabama Electric Cooperative which has a generation facility in Andalusia, AL. The Energy Resources Conservation Loan (ERC) helps members of the cooperative cover the cost of labor and materials for energy conservation measures on existing structures. Loans will only be made to members who have good credit ratings and also own the structures to be weatherized. ERC loans may be provided to finance the cost of labor and materials for items such as insulation, storm or thermal windows, storm or thermal doors, and high efficiency heat pumps.
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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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