Second Mortgage Program for Energy Conservation (Alaska)
Last modified on February 12, 2015.
Financial Incentive Program
|Name||Second Mortgage Program for Energy Conservation|
|Incentive Type||State Loan Program|
|Eligible Technologies||Comprehensive Measures/Whole Building|
|Energy Category||Energy Efficiency Incentive Programs|
|Terms||The maximum loan term is 15 years|
|Program Administrator||Alaska Housing Finance Corporation|
|Date added to DSIRE||2008-07-07|
|Last DSIRE Review||2013-01-31|
| Last Substantive Modification
to Summary by DSIRE
Alaska Housing Finance Corporation (AHFC) offers loans of up to $100,000, with a repayment term of 15 years, to qualified borrowers through the Second Mortgage for Energy Conservation program. Borrowers apply to AHFC for financing to make energy improvements on owner-occupied properties. Applicants must select from the list of energy upgrades which are provided by an AKWarm certified energy rater. All improvements must be completed within 365 days of loan closing. The improvements not listed or recommended by the rater may not be included in the loan. The interest rate is the taxable program 15-year interest rate, plus 0.375. Click here for current interest rates.
|Contact Name||James Ord|
|Department||Alaska Housing Finance Corporation|
|Address||P.O. Box 101020|
- Incentive and policy data are reviewed and approved by the N.C. Solar Center's DSIRE project staff.