Power Project Loan Fund (Alaska)

From Open Energy Information

Summary

Last modified on February 12, 2015.

Financial Incentive Program

Place Alaska


Name Power Project Loan Fund
Incentive Type State Loan Program
Applicable Sector Local Government, Municipal Utility, Independent Power Producers
Eligible Technologies Solar Water Heat, Solar Space Heat, Solar Thermal Electric, Photovoltaics, Wind, Municipal Solid Waste
Active Incentive Yes
Implementing Sector State/Territory
Energy Category Renewable Energy Incentive Programs
Amount Varies













Terms Interest rate tied to municipal bonds
Program Administrator Alaska Industrial Development and Export Authority
Website http://www.akenergyauthority.org/programsloan.html


References DSIREDatabase of State Incentives for Renewables and Efficiency[1]


Summary

Created by the Alaska State Legislature and administered by the Alaska Energy Authority, this fund provides loans to electric utilities, regional electric utilities, municipalities, regional and village corporations, village councils, and independent power producers. It is designed for the development or upgrade of small-scale power production facilities of less than 10 megawatts, conservation facilities, and bulk fuel storage facilities. This includes energy production, transmission and distribution, and waste energy conservation facilities that depend on fossil fuel, wind power, tidal, geothermal, biomass, hydroelectric, solar or other energy sources.

The loan term is related to the life of the project. Interest rates are the lesser of the average weekly yield of municipal bonds for the 12 months preceding the date of loan, or a rate the Alaska Energy Authority determines will allow the project to be financially feasible. Maximum loan amounts may be determined by available funds in the program. Contact the Alaska Energy Authority at (888) 300-8534 (within Alaska) for current restrictions on maximum loan amounts.

Incentive Contact

Contact Name Cady Lister
Department Alaska Energy Authority
Address 813 West Northern Lights Blvd
Place Anchorage, Alaska
Zip/Postal Code 99503
Phone (907) 771-3039
Phone 2 (888) 300-8534
Email clister@aidea.org
Website http://www.aidea.org/aea.htm



Authorities (Please contact the if there are any file problems.)

Authority 1: AS § 42.45.010
Date Enacted 1993, subsequently amended


Authority 2: [JUMP:%27Title3Chap106%27/doc/{@1}?firsthit 3 AAC 106.100 et seq.]
Date Effective 1996-02-16

















  • Incentive and policy data are reviewed and approved by the N.C. Solar Center's DSIRE project staff.[1]

References

  1. 1.0 1.1  "Database of State Incentives for Renewables and Efficiency" Cite error: Invalid <ref> tag; name "DSIRE" defined multiple times with different content