Alabama’s industrial sector leads State energy consumption, accounting for nearly one-half of total energy use.*
The Alabama Department of Economic and Community Affairs (ADECA) is pleased to offer the state’s first and only energy revolving loan program for existing industries. The program, funded through the American Recovery and Reinvestment Act, provides extraordinary financing solutions for commercial and industrial energy-efficiency and renewable-energy projects in Alabama and is administered by Abundant Power Solutions, LLC.
Program goals
AlabamaSAVES™ is dedicated to these benefits:
- SUPPORTING LOCAL BUSINESS GROWTH STATEWIDE
- LEADING CLEAN ENERGY SOLUTIONS
- REDUCING ENERGY COSTS
- CREATING JOBS
*According to United States Energy Information Administration (EIA)