Alaska

SEP Funds Leveraged $350 Million in State Resources for Residential Energy Efficiency

$350 million
Funds a residential energy efficiency program
 

16,000
Number of home improvements

34%
Annual homeowner energy savings

$1,464
Annual homeowner cash savings

 

In Alaska, the State Energy Office leveraged SEP funds to implement a residential energy efficiency program.  The Alaska Legislature provided $350 million dollars to co-fund this program, which provides grants to homeowners for home energy audits.  Based on the audit recommendations, homeowners can qualify for a direct cash rebate of up to $10,000 for energy efficiency upgrades performed on their home.  As of January 2015, improvements have been made to approximately 16,000 Alaska homes.  The average homeowner spent $11,681 and qualified for a rebate of $6,889.  On average, the improvements have resulted in annual energy savings of 34 percent, or cash savings of $1,464.

Contact Information for the Alaska Energy Office