Qualified Energy Conservation Bonds (QECBs)

QECBs can be used by state and local governments for energy improvements in public buildings and green community projects such as energy efficiency improvements in residential buildings.  Bonds are also authorized for rural renewable energy development, research and development, and public education.

Clean Renewable Energy Bonds (CREBs)

The Clean Renewable Energy Bond (CREB) program is administered by the Internal Revenue Service and provides bond authorization for public entities on a competitive basis for renewable electricity projects. The benefit of the CREB program is that public entities receive the bonds at zero percent interest. The revenue or cost savings from the renewable electricity systems are utilized to pay off the bonds.

Contact:
Mr. Young Boozer
Deputy Assistant Finance Director and
Recovery Act Bonds Coordinator
Alabama Department of Finance
State Capitol, 600 Dexter Avenue
Montgomery, AL 36130
(334) 242-7160
young.boozer@finance.alabama.gov

Energy Division Contact:
Karen Clifton
Energy Division
Alabama Department of Economic and Community Affairs
P.O. Box 5690
Montgomery, AL 36103-5690
334-242-5321 voice 334-242-0552 fax
karen.clifton@adeca.alabama.gov