All of Alaska · Loan
Energy Efficiency Interest Rate Reduction (EEIRR)
Run by Alaska Housing Finance Corporation (AHFC), through AHFC-approved lenders
A lower interest rate on an Alaska Housing (AHFC) home loan when the home is energy-rated 5 Star Plus or 6 Star, or when you raise an existing home's energy rating within a year of closing. Cuts range from 0.125% to 0.750% on the first $250,000 of the loan.
Amounts
How much you get
An interest-rate reduction on the first $250,000 of an AHFC loan; above that, a blended rate. New homes: 5 Star Plus -0.250% (no natural gas access -0.375%), 6 Star -0.375% (-0.500%). Existing homes: 5 Star Plus -0.125% (-0.250%), 6 Star -0.250% (-0.375%). Improvements to an existing home: 1 to 4 rating steps earns -0.125% to -0.625% with natural gas access, -0.250% to -0.750% without.
Eligibility
Do I qualify?
You need to meet all 4 of these.
Your home is in Alaska.
The loan must be AHFC financing, and the property must be energy-rated and otherwise eligible for AHFC financing.
What to doFinance through an AHFC-approved lender and get the home energy-rated by an AHFC energy rater.
New homes must exceed Alaska's Building Energy Efficiency Standard with a 5 Star Plus or 6 Star rating; existing homes (finished over a year or previously occupied) qualify at the same ratings.
For the improvements option: your lender must tell AHFC at application that you intend to take part. Within 365 days of closing you must get an initial rating, complete the work and get a final rating, then send documents to the loan servicer within 30 days of the final rating. The home must rise at least one step and 5 points; renewable bonus points don't count.
What to doTell your lender before applying for the loan, book an energy rater before starting work, and finish within 365 days of closing.
Equipment
What equipment counts
Applying
How to apply
For the improvements option, rating and work must be completed within 365 days of loan closing, with documents sent within 30 days of the final rating.
- Get the home energy-rated.
Use an AHFC energy rater. For improvements, get the initial rating before work starts.
- Contact an AHFC-approved lender.
For the improvements option, the lender must notify AHFC at the time of application.
- Close the loan.
- For improvements, finish the work and the final rating within 365 days of closing.
Submit documentation to the loan servicer within 30 days of the final rating.
Stacking
Use it with
Your address
Next steps
Check that it covers your address. Then, if you want, ask for a contractor quote.
Is it available at your address?
Before anything else
Your quote request is in If a contractor we work with serves your ZIP, they can contact you. We take one request per person; contact us to change it.
Get an email if this program changes
We'll write if its amount, status or deadline changes. Nothing else.
FAQ
Questions
How much does Energy Efficiency Interest Rate Reduction (EEIRR) pay?
An interest-rate reduction on the first $250,000 of an AHFC loan; above that, a blended rate. New homes: 5 Star Plus -0.250% (no natural gas access -0.375%), 6 Star -0.375% (-0.500%). Existing homes: 5 Star Plus -0.125% (-0.250%), 6 Star -0.250% (-0.375%). Improvements to an existing home: 1 to 4 rating steps earns -0.125% to -0.625% with natural gas access, -0.250% to -0.750% without.
Do I need approval before I buy?
For the improvements option: your lender must tell AHFC at application that you intend to take part. Within 365 days of closing you must get an initial rating, complete the work and get a final rating, then send documents to the loan servicer within 30 days of the final rating. The home must rise at least one step and 5 points; renewable bonus points don't count. Tell your lender before applying for the loan, book an energy rater before starting work, and finish within 365 days of closing.
What’s the deadline?
No fixed deadline. Apply any time while it’s open.
Is it still available?
Yes. It was open when we last checked, on October 27, 2026.
Plain words
Words used on this page
References
Sources
This page is built from these official pages, run by the program itself.
When one of these pages changes, we re-check this page against it.
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