With this loan, the Alaska Housing Finance Corporation (AHFC) will fund homeowners' associations (HOAs) common area improvements. The improvements made must be necessary for the health and safety of the property's residents or for the structural integrity of the building, but can include improvements made for energy efficiency.
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.
In October 2009, the Regulatory Commission of Alaska (RCA) approved net metering regulations. These rules were finalized and approved by the lieutenant governor in January 2010 and became effective January 15, 2010. All electric utilities subject to economic regulation are required to offer net metering. Independent systems with retail sales of less than 5,000,000 kilowatt-hours (kWh) are exempt from offering net metering.
Alaska enacted legislation in June 2010 to authorize municipalities to pass ordinances that exempt residential renewable energy systems from taxation. Residential renewable energy systems are defined as systems, including wind, hydro and solar, that use an energy source other than fossil or nuclear fuel.
BusBusiness $ense is a Golden Valley Electric Association (GVEA) program designed to increase the efficiency with which energy is used on GVEA's system. It provides rebates of up to $20,000 to existing facilities receiving the commercial rate who reduce their lighting loads through energy efficient lighting retrofit projects. Facilities on GVEA's commercial electric rate must submit an Energy Efficient Lighting Proposal for review. GVEA will then schedule a pre-project inspection. If the project is mutually beneficial and program monies are available, GVEA will offer a contract.
Golden Valley Electric Association’s (GVEA) Builder $ense program targets home builders who install electrical energy efficiency measures during construction of residential buildings. Newly constructed residential buildings or those that have undergone major remodeling or additions are eligible for the rebate. New buildings must be receiving or have applied to receive service from GVEA at the site to qualify for the rebate program. Lighting, vehicle engine preheating plug-ins and eligible electric water heating equipment can also receive rebates.
Golden Valley Electric Association's (GVEA) SNAP program encourages members to install renewable energy generators and connect them to the utility's electrical distribution system by offering an incentive payment based on the system's production on a dollar per kilowatt-hour ($/kWh) basis. The amount paid to participating renewable energy producers depends on the total amount contributed by GVEA supporters.