| Implementing Sector: | State |
| Category: | Financial Incentive |
| State: | Alaska |
| Incentive Type: | Loan Program |
| Web Site: | http://www.ahfc.us/pros/loans/association-loan-program/ |
| Administrator: | Alaska Housing Finance Corporation |
| Eligible Efficiency Technologies: | Custom/Others pending approval |
| Loan Term: | 15-year term |
| Interest Rate: | Fixed rates; contact program for details |
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. AHFC offers 15 years, fixed-interest rate term financing. The association may need to acquire a construction loan or short term financing for upfront costs, as the loan is not paid out until the upgrades are complete.
The homeowners' association should submit a proposal to AHFC for preliminary approval. The forms to start this loan process are located on the program web site. Loan limits are determined on a case-by-case basis. This loan is only offered to active HOAs in Alaska.
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A solar PV system is custom-designed for your home. Final solar system price may vary based on your location, monthly utility bill, government incentives and rebates, the condition of your home, and local installation prices. Solar PV system output and estimated savings are calculated based on several factors including product type, system production, geography, weather, shade, electricity use, full utilization of the 26% solar investment tax credit, and utility rate structures and rate increases. Savings on your total electricity costs are not guaranteed. Financing options and terms vary by location, and may not be available in all areas. HahaSmart is neither the lender nor the project installer. HahaSmart License# 1060456 (CA) / 35516 (TX) / 13VH11205800 (NJ) / PA160593 / 200259 (MA) / 0662521 (CT) / 12007402-5501 (UT) / EC13003412 (FL) / RBC 781 (SC) / U.30166 (NC)
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