Energy Efficiency Revolving Loan Fund Program
Administered by Alaska Housing Finance Corporation
This loan program helps schools, universities, and municipal or state governments finance energy efficiency improvements by borrowing against projected energy savings; you must first obtain an investment-grade audit to identify eligible measures, then complete all improvements within one year of loan closing, with the loan repaid through the guaranteed energy bill reductions.
You can serve public facility clients (schools, University of Alaska, state and municipal governments) pursuing energy efficiency loans through this program; project eligibility requires an investment-grade audit identifying measures, and all work must be completed within 365 days of loan closing for the savings guarantee to support repayment.
AHFC administers this revolving loan fund created by Alaska SB 220 (2010) for public entities; loans require investment-grade audits, have no prescribed maximum amount or term (subject to AHFC approval), and rely on documented energy savings to support repayment, targeting schools, University of Alaska, state government, and municipalities across the state.
Program details
- Program ID
- 4448
- Last updated
- 7/30/2025
Eligibility
- Sectors
- local government schools state government institutional
- Technologies
- custom/others pending approval yes; specific technologies not identified
Program summary
In June 2010, the Alaska Legislature enacted SB 220, an omnibus energy bill, which created several renewable energy and energy efficiency programs, including the Alaska Energy Efficiency Revolving Loan Fund Program. This program is administered by the Alaska Housing Finance Corporation (AHFC) and offers loans to schools, the University of Alaska, state government entities, and municipal governments for energy efficiency improvements.
In order to participate in this program, energy efficiency measures funded by the loan must provide savings greater than the loan payments. Borrowers must obtain an investment grade audit, which determines the energy efficiency measures eligible for a loan. All improvements must be completed within one year of closing on the loan. There is no prescribed maximum loan amount or loan term; these items are subject to AHFC approval.
Contact & resources
Please verify current program details with the administering agency before making any financial decisions.
