Second Mortgage Program for Energy Conservation (Alaska)

From Open Energy Information

Summary

Last modified on February 12, 2015.

Financial Incentive Program

Place Alaska


Name Second Mortgage Program for Energy Conservation
Incentive Type State Loan Program
Applicable Sector Residential
Eligible Technologies Comprehensive Measures/Whole Building
Active Incentive Yes
Implementing Sector State/Territory
Energy Category Energy Efficiency Incentive Programs









Maximum Incentive $100,000





Terms The maximum loan term is 15 years
Program Administrator Alaska Housing Finance Corporation
Website http://www.ahfc.us/loans/second_energy_conserv.cfm


References DSIRE[1]


Summary

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.

Incentive Contact

Contact Name James Ord
Department Alaska Housing Finance Corporation
Address P.O. Box 101020
Place Anchorage, Alaska
Zip/Postal Code 99510-1020
Phone (907) 330-8446


Email jord@ahfc.us
Website http://www.ahfc.us/


















  • 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 (DSIRE)"