Application Period Opens for $10,000 AHFC New Home Construction Rebate

If you are building or purchasing a newly constructed, owner-occupied home that meets 5-Star Plus or higher energy efficiency standard, you could be eligible for $10,000 through AHFC’s New Home Construction Rebate. Applications are now being accepted!

What is the New Home Construction Rebate?

The Alaska Housing Finance Corporation’s New Home Construction Rebate is an initiative aimed at increasing Alaska’s housing inventory while promoting energy-efficient home construction. The program provides a $10,000 rebate to homeowners who build or purchase newly constructed, owner-occupied homes that meet 5-Star Plus or higher energy efficiency standards, available on a first-come, first-served basis until funds are depleted.

Restricted to single-family residences, duplexes, triplexes and fourplexes where the homeowner occupies one unit, the program excludes developers, investment properties and non-residential buildings.

Who is eligible for the rebate?

Alaskans who are building or purchasing a newly constructed home may be eligible. Requirements include:

• The home’s foundation must be completed and inspected on or after January 2, 2025.
• The home must meet a minimum 5-Star Plus or higher energy efficiency standard.
• The home must be owner-occupied.
• The rebate is restricted to single-family residences, duplexes, triplexes and fourplexes where the homeowner occupies one unit.
• Payment is contingent on new home construction being completed within 18 months.
• Home completion is determined upon the date of the recorded PUR-102 (Summary of Building Inspections) or date of the Certificate of Occupancy from an approved municipality.

The program excludes developers, investment properties and non-residential buildings

How do I apply?

The New Home Construction Rebate application is available online. The application process includes:

1. Submission of a completed application and all required supporting documents.
2. AHFC review of all application materials and if determined eligible, preliminary approval for the rebate (if home construction is not completed) or approval (if home construction is already completed).
3. If preliminarily approved, submission of additional materials prior to completion of home construction for final approval.
4. Once application materials are submitted and AHFC confirms that the applicant has met all program requirements, funds will be distributed directly to the homeowner.
5. Once awarded, homeowners may determine how to utilize the rebate.

When is the application deadline?

Applications are now being accepted and the application period will remain open until funding is exhausted. Funds are available on a first-come, first-served basis.

Check your eligibility today!

Where can I learn more?

Read Frequently Asked Questions

Get details about the New Home Construction Rebate, eligibility requirements, the application process and distribution of funds.

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Sign up to receive updates by email about AHFC’s energy rebate programs and other energy efficiency programs.

Need Assistance?

Get help by emailing [email protected] or call 907-330-8203 or 1-888-994-2432 toll free.

Visit AlaskaHousingEnergy.us to learn more about the New Home Construction Rebate and other energy efficiency programs and resources.