Alabama 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.