AlabamaSAVES Continues Commitment to EE


ALABAMASAVES_logo1MONTGOMERY, September 21, 2016— The AlabamaSAVES program is celebrating its sixth year as one of the most successful energy efficiency loan programs in the country. Since inception, AlabamaSAVES has partnered with over 40 financial institutions throughout Alabama to provide $56 million in funding for 102 commercial, industrial, institutional, and agricultural loans. The Program, which is sponsored by the Alabama Department of Economic and Community Affairs (ADECA), and administered by Abundant Power Group, LLC and its specialty finance affiliate, CleanSource Capital, LLC, has established a solid foundation for the on-going financing of energy efficiency in Alabama. By enabling private commercial, industrial, and institutional borrowers to make significant retrofits, 172 buildings representing 12.9 million square feet are benefiting from renewable energy installations such as: solar panel installation, HVAC upgrades, LED lighting, and water conservation measures. (more…)