AlabamaSAVES™
The Energy Division of the Alabama Department of Economic and Community affairs administers millions of dollars in grants to encourage energy efficiency. The Department partners with different providers to offer comprehensive energy efficiency projects. Goals are to support local business growth, reduce energy costs and provide jobs.
The AlabamaSAVES™ program allows business to secure below-market rate financing, as low as 1% for qualifying projects. Several of our clients have completed lighting projects and report see savings in a number of areas:
· Reduced utility costs
· Increased worker efficiency
· Better work environment
· One distributor reported a significant reduction in breakage
The minimum loan size is $50,000, so the ideal candidate will be a commercial, industrial or institutional facility.
If you are interested, we encourage you to visit the AlabamaSAVES™ website.