Alaska’s new ‘green bank’ hopes to improve the financial case for renewable energy

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Alaskans looking to invest in solar panels or other renewable energy infrastructure will likely have some new options in the next few years.

Anchorage Solar employee Tim Resnick hoists a solar panel over his head before installing it on a roof in 2018.

“I think the green bank can actually play a pretty big role in helping people get upfront capital to do the kinds of projects that they want to do, but they just don’t have that money,” Rose said in a phone interview.And for now, it’s hard to say what Alaska’s program will look like. But Rose said one goal is making it less risky to lend out cash for renewable energy projects, and in turn, making it cheaper and easier for people to get loans.

“They just continue paying their utility bill, and the utility then will transfer the loan payment to us,” she said by phone. And Alaska’s green bank likely won’t be restricted to smaller projects like rooftop or small-scale solar, Butcher said.


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