The Alabama WISE Home Energy Program provides technical and financial resources for homeowners to improve energy efficiency of their homes. Homeowners can work with participating certified energy contractors to complete a comprehensive home energy assessment. During the energy assessment the contractor will identify various energy saving measures which the homeowner may choose to implement.
The program also provides financing for energy efficiency measures identified in the assessment. To be eligible for the loan, the homeowner must have a minimum credit score of 660, must have a maximum debt to income ration of 45%, and must be a member or affiliate member of the RedStone Federal Credit Union. A list of eligible improvements and additional program information are available on the AlabamaWISE web site. For more information, please contact Dario Gonzalez as provided in the address below. This program is available statewide.
This program is part of the U.S. Department of Energy's (DOE) Better Buildings Program. The DOE has awarded over $500 million in federal funds to more than 40 states, local governments, and organizations to administer local programs targeting a variety of building types. Combined, these local programs are expected to improve the efficiency of more than 170,000 buildings through 2013 and save up to $65 million in energy costs annually.
|Incentive Type:||Loan Program|
|Administrator:||Nexus Energy Center|
|Eligible Renewable/Other Technologies:||
National Energy Loan: $25,000
PowerSaver Loan: up to 7 years
National Energy Loan: up to 10 years
PowerSaver: 9.99% Fixed interest rate
National Energy Loan: Fixed 12.99%-13.99% depending on credit
|Organization:||Nexus Energy Center|
1 Tranquility Base, ETF Bldg.
Huntsville AL 35805
This information is sourced from DSIRE; the most comprehensive source of information on incentives and policies that support renewables and energy efficiency in the United States. Established in 1995, DSIRE is operated by the N.C. Clean Energy Technology Center at N.C. State University.
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