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Alabama

Alabama Businesses Tap Loans up to $4m for Energy Efficiency

AlabamaAlabama businesses are saving $5.1 million in estimated annual energy costs because of a state financing program launched two years ago – the AlabamaSAVES loan program.

The Alabama Department of Economic and Community Affairs created the AlabamaSAVES program to provide state businesses with low-cost loans for energy-efficiency upgrades. Loans of $50,000 to $4 million are available to help Alabama commercial and industrial businesses finance energy-saving improvements. Interest rates for the loans are currently as low as 1 percent.

Read more at Energy Manager Today.

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