Our financial assistance programs can provide money for your heat pump purchase, pay to improve your home’s weatherization and efficiency, provide full support to lower your home heating bills, or connect you with a low-interest local bank loan.
Such a deal! I stacked multiple benefits together and combined a $2,500 CHIP incentive with a low-interest heat pump loan. Now my home is oil free and I’m spending a fraction on heating bills! This spring I’ll use the IRA heat pump tax credit to knock $2,000 off my 2023 tax bill! After that, my total heat pump cost will be down to $3,700. A 4% interest TNFCU heat pump loan is covering the balance! My advice – don’t wait. Make the switch now!Jonah T.
With support from Alaska’s Senator Lisa Murkowski and the Department of Energy, our Clean Heat Incentive Program (CHIP) provides a significant financial boost to Juneau and Sitka households that earn between 80 and 125% of median area income and are looking to purchase and install a heat pump. Incentives between $1,500 and $3,000 are available.
Healthy Homes is our ‘no-cost-to-you’ home remediation program, facilitating efficiency and cost savings for roughly 90 Juneau homes. If you and your family qualify for this program, you will save annual heating money, keep your home warmer and drier, and eliminate a variety of household hazards that may be affecting both your family’s health and your wallet’s.
The Alaska Carbon Reduction Fund, (formerly the Juneau Carbon Offset Fund), is a project of Renewable Juneau and managed by Alaska Heat Smart. ACRF provides fully-funded air source heat pumps to qualifying households. As of October 2023, the Fund has cut home heating bills in half or better for 41 Juneau families – at no cost to them!
Sitka Tribe of AK Heating Assistance Program (soon!)
The Sitka Tribe of Alaska and Alaska Heat Smart will offer qualified Sitka Tribe member homeowners generous financial incentives on money-saving heat pumps. Applications are limited.
Alaska Heat Smart has partnered with the True North Federal Credit Union in Juneau to provide low-cost loans for heat pump installations. Loan amounts for qualified borrowers are available for loans as much as $12,500, for up to 60 months, and with low rates starting at 4%. An Alaska Heat Smart home energy assessment is required.
Alaska Heat Smart has partnered with the Tongass Federal Credit Union in Sitka and Juneau to provide low-cost loans for heat pump installations. Loan amounts for qualified borrowers are up to $15,000 for up to 60 months with rates starting at 4.5%. An Alaska Heat Smart home energy assessment is required.
One application now serves all three programs. After submitting your application, we’ll work to connect you with the most appropriate program for you, your family, and your home.
If you need additional funds, the True North Federal Credit Union and the Tongass Federal Credit Union offer low-interest heat pump loans. Loan applications will be found by using the Juneau and Sitka links above.