Local Government Energy Loan Program

Program Local Government Energy Loan Program
Category Financial Incentive
Implementing sector State
Last Update
State Alabama
Administrator Alabama Department of Economic and Community Affairs
Website http://www.adeca.alabama.gov/Divisions/energy/Pages/EnergyFinancing.aspx
Technologies Solar - Passive, Solar Water Heat, Solar Photovoltaics, Daylighting

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.

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