Alabama Department of Economic and Community Affairs

 Low-cost revolving loans for energy efficiency projects implemented by local governments, K-12 public school systems, and public colleges and universities.  Zero percent interest rate for up to ten years.  Energy assessments and energy conservation improvements to buildings, waste water treatment plants, street lights and traffic signals.  Municipal and County governments, colleges and universities up to $350,000  K-12 Schools up to $350,000 per campus or $500,000 per school system.

 Interior Lighting retrofits  Street and sports field lighting, Traffic signals  Heat recovery systems  Load and energy management systems  Electrical distribution systems (motors, variable speed drives, fans, etc.)  Infiltration reduction or other building envelope improvements  Boiler efficiency and central plant improvements  Upgrading water treatment plants for energy efficiency, energy recovery or both  HVAC equipment  Renewable energy systems  Other approved cost effective energy retrofits

 Have an energy audit conducted to determine needed energy conservation measures  Ensure your bank will provide a letter of credit for loan closing  Gather 12 months of energy history  Submit application, energy audit and financial statement to ADECA

Karen Clifton ADECA Energy Division (334)

Sustainable and Verifiable Energy Savings

ENERGY SAVINGS SUSTAINABLE BUSINESSES JOB CREATION

 Capitalized with $25M of ARRA SEP funds  Credit enhancements w/private lender partners  $60M total loan pool  Loan range: $50,000 - $4,000,000  Eligible applicants : Private companies that own or operate existing commercial, industrial, or institutional facilities in Alabama

 Interest rate: 2%, fixed  Loan term: Blended useful life of the improvements up to a maximum of 10 years  Use of Proceeds: Loans can be used for up to 100% of project costs

 Energy Efficiency, Demand Management and/or Renewable Energy measures with savings that exceed loan payments (in aggregate) ◦ Mechanical systems (HVAC), hot water systems, lighting and power systems, energy management, envelope upgrades, refrigeration improvements, combined heat and power ◦ Solar thermal, solar PV, biomass heat and power, geothermal, micro- hydroelectric, methane capture and use, fuel cell technologies ◦ Must be commercially available, proven technologies ◦ Retrofits to existing buildings – NOT new construction  Consulting, project management, equipment and labor costs

 Abundant Power Solutions ◦ Administers the AlabamaSAVES Program and services loans from the direct loan pool  Private Lenders ◦ Provide project financing and loan servicing  Efficiency Finance ◦ Serves as the origination partner for the program to recruit and train contractors and help them source projects. Facilitates the process for prospective borrowers from start to finish.  Metrus Energy ◦ Offers an innovative financial solution to develop and fund comprehensive energy efficiency projects with no upfront cost or risk to Customers. Phillips Lighting ◦ Offers private financing for tailored lighting solutions, including assessment, design and implementation

 Potential applicants should contact Efficiency Finance, Metrus Energy, or Phillips Lighting to initiate project development (contact info on website – “Get Started” tab)  Application fee: $500 for projects <$250K and $1,000 for larger projects  Applications accepted on rolling basis  Review and response within days

Kathy Hornsby ADECA Energy Division (334)