Power Project Loan Fund
| Program Type | State Loan Program |
|---|---|
| Technologies | Photovoltaics, Solar Hot Water Heating, Solar Space Heat, Solar Thermal Electric, Wind Energy, Municipal Solid Waste |
| Amount | Varies per project |
| Required Documentation | Completed program application |
| Official Web Site | http://akenergyauthority.org/programsloan.html |
Local governments, regional and village corporations, village councils, and independent power producers are eligible for these loans. The loans were created by the Alaska state legislature and are administered by the Alaska Energy Authority.
The program aims to provide low-interest rate loans to small-scale power production facilities, conservation facilities, and fuel storage facilities that want to develop or upgrade energy efficient or energy-producing facilities.
Interest rates depend on the life of the project and range from tax-exempt rates on the high end to 0 percent on the low end.
