*Note: The program is currently not accepting applications.
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. The minimum loan amount is $50,000. Eligible renewable energy resources generally include biomass, hydropower, geothermal energy, wind energy, and solar energy.
The application is available on the program website. 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.
|Incentive Type:||Loan Program|
|Administrator:||Alabama Department of Economic and Community Affairs|
|Eligible Renewable/Other Technologies:||Solar - Passive,Solar Water Heat,Geothermal Electric,Solar Photovoltaics,Wind (All),Biomass,Hydroelectric,Geothermal Heat Pumps,Combined Heat & Power,Daylighting,Lighting,Chillers,Furnaces,Boilers,Heat pumps,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,Other EE,Wind (Small),Hydroelectric (Small),Geothermal Direct-Use,Other Distributed Generation Technologies|
|Maximum Loan:||$350,000 per local government or school campus; $500,000 per school system|
|Loan Term:||0% for up to 10 years, with a 3% management fee; estimated simple payback must be within 10 years|
|Organization:||Energy Efficiency Unit Chief - Energy Divisio|
401 Adams Avenue
Montgomery AL 36104
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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