• Snapshot: The Home Energy Rebate Program

      Goldsmith, Oliver Scott; Pathan, Sohrab; Wiltse, Nathan (Institute of Social and Economic Research, University of Alaska Anchorage, 2012-05)
      Alaska’s state government has spent an estimated $110 million since 2008 for better insulation, new furnaces, and other retrofits for roughly 16,500 homeowners—10% of all homeowners statewide.1 That spending was under the Home Energy Rebate Program, which rebates homeowners part of what they spend to make their houses more energy-efficient and less expensive to heat.2 The state legislature established the current program in 2008, as energy prices were spiking. The Alaska Housing Finance Corporation (AHFC) administers it, and the Institute of Social and Economic Research and the Cold Climate Housing Research Center did this analysis for AHFC, assessing the broad program effects from April 2008 through September 2011. Changes in fuel use and heating costs reported here are estimates from AHFC’s energy-rating software; figures based on actual household heating bills aren’t currently available. The software uses house characteristics and location-specific information on weather and other factors to produce the estimates—but remember they are estimates.3