| Implementing Sector: | State |
| Category: | Financial Incentive |
| State: | Alabama |
| Incentive Type: | Loan Program |
| Web Site: | https://adeca.alabama.gov/Divisions/energy/ |
| Administrator: | Alabama Department of Economic and Community Affairs |
| Funding Source: | State Revolving Loan Fund |
| Eligible Renewable/Other Technologies: | Solar - Passive, Solar Water Heat, Geothermal Electric, Solar Photovoltaics, Wind (All), Biomass, Hydroelectric, Geothermal Heat Pumps, Combined Heat & Power, Daylighting, Wind (Small), Hydroelectric (Small), Geothermal Direct-Use, Other Distributed Generation Technologies |
| Eligible Efficiency Technologies: | 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 |
| 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 |
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 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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A solar PV system is custom-designed for your home. Final solar system price may vary based on your location, monthly utility bill, government incentives and rebates, the condition of your home, and local installation prices. Solar PV system output and estimated savings are calculated based on several factors including product type, system production, geography, weather, shade, electricity use, full utilization of the 30% solar investment tax credit, and utility rate structures and rate increases. Savings on your total electricity costs are not guaranteed. Financing options and terms vary by location, and may not be available in all areas. Solar QC is neither the lender nor the project installer. Solar QC License# 1130591
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