ALASKA STATE INCENTIVES

Administered by the Alaska Housing Finance Corporation (AHFC), the AEERLP provides financing for permanent energy-efficient improvements to buildings, including lighting upgrades. While it primarily targets public facilities, multifamily properties may be eligible, especially if they serve low-income residents or are owned by nonprofit entities.

GVEA offers rebates to commercial customers, including multifamily property owners, who retrofit existing lighting with energy-efficient alternatives like LEDs. This program can help offset the costs associated with upgrading outdoor lighting fixtures.

Under the federal Inflation Reduction Act, the 179D tax deduction provides financial incentives for energy efficiency improvements in commercial buildings, including multifamily properties. Eligible upgrades encompass lighting systems, and property owners can deduct a portion of the costs associated with these improvements.

Administered by the Alaska Energy Authority, VEEP aims to implement energy and cost-saving efficiency measures in buildings and facilities within small, high-energy-cost Alaska communities. While primarily focused on public facilities, multifamily properties in eligible communities may benefit from this program.

While primarily designed for single-family residences, the AHFC's HERP has provisions for multifamily buildings. Property owners can receive rebates for energy efficiency improvements, including lighting upgrades, provided certain eligibility criteria are met.