Solar & Battery Regulation & Incentive Programs

AlabamaWISE Home Energy Program

Program Overview


Category:
Financial Incentive
Program Type:
Loan Program
Implementing Sector:
Local
State:
Alabama
Eligible Storage Technologies:
Equipment Insulation, Water Heaters, Furnaces, Heat pumps, Air conditioners, Caulking/Weather-stripping, Duct/Air sealing, Building Insulation, Windows, Doors, Comprehensive Measures/Whole Building, Custom/Others pending approval, Other EE
Website:
http://www.alabamawise.org
Maximum Loan:
From $2,500 to $15,000
Loan Term:
24 months
Interest Rate:
1% Fixed interest rate
Administrator:
Nexus Energy Center
Applicable Sectors:
Residential
Start Date:
01/01/2010
Last Updated:
05/09/2016
Funding Source
State Energy Program – Better Buildings Program; Alabama Department of Economic and Community Affairs

Summary

The Alabama WISE Home Energy Program provides technical and financial resources for homeowners to improve energy efficiency of their homes. Homeowners can work with participating certified energy contractors to complete a comprehensive home energy assessment. During the energy assessment the contractor will identify various energy saving measures which the homeowner may choose to implement. 

The program also provides financing for energy efficiency measures identified in the assessment. To be eligible for the loan, the homeowner must have a minimum credit score of 660 and must be a member or affiliate member of the RedStone Federal Credit Union. A list of eligible improvements and additional program information are available on the AlabamaWISE web site. For more information, please contact Dario Gonzalez as provided in the address below. This program is available statewide. 


This program is part of the U.S. Department of Energy's (DOE) Better Buildings Program. The DOE has awarded over $500 million in federal funds to more than 40 states, local governments, and organizations to administer local programs targeting a variety of building types. Combined, these local programs are expected to improve the efficiency of more than 170,000 buildings through 2013 and save up to $65 million in energy costs annually.