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AHFC Introduces $10,000 Six Star Rebate and Incentivizes Greater Home Energy Efficiency Standards

ANCHORAGE, AK, June 4, 2013 - Under new program changes adopted by Alaska Housing Finance
Corporation (AHFC), beginning July 1, 2013, Alaska homeowners participating in the Home Energy
Rebate Program for new construction may qualify for a “6 Star” energy rating. The sixth star will be
awarded for homes that meet the highest energy rating, and may be rewarded with a $10,000 rebate.
Previously, the highest energy efficiency standard recognized by AHFC was the “5 Star Plus” rating that
allowed homeowners a $7,500 rebate. The “5 Star Plus” program continues, but applications filed on
or after July 1 will be incentivized by a $7,000 rebate.
The program changes are based on a unanimous decision by the AHFC board of directors in April to
increase the Building Energy Efficiency Standards (BEES) for homes. BEES sets building energy use
standards for thermal resistance, air leakage, moisture protection and ventilation. The change in
regulation means BEES will follow the 2012 International Energy Conservation Code with amendments
unique to Alaska
“Money invested in home energy efficiency provides a real return to the people of our state,” said
AHFC CEO and Executive Director Dan Fauske. “Homeowners in Anchorage who have participated in
the Home Energy Rebate Program have saved on average $1,033 per year and have generated
millions of dollars of construction activity. The move by our board to incentivize Alaskans to take
advantage of proven energy-efficient trends allows residents to save more money and ensures that
Alaska is leading the country in this endeavor.”
The Home Energy Rebate Program was established in 2008 to work alongside the Weatherization
Program that assists lower-income Alaskans. Combined, both programs have received more than
$500 million in funding from the legislature. Cash incentives for new construction are subject to
program popularity and future funding.
Program information and guidelines will be made available on AHFC’s website
http://www.ahfc.us/efficiency/energy-programs/ beginning July 1, 2013.
AHFC is a public corporation with a long history of providing Alaskans access to safe, quality and
affordable housing through home financing programs, energy efficiency and weatherization programs,
public housing and more. Since 1986, AHFC has contributed almost $2 billion to the State of Alaska's
General Fund.

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