EXHIBIT 99.1

PRESS RELEASE
9:15 AM EDT

AEHI'S ENERGY NEUTRAL  STARTS  CONSTRUCTION  ON FIRST HOUSE TO ELIMINATE  ENERGY
COSTS OVER ITS LIFETIME


BOISE,  IDAHO,  NOVEMBER  12,  2009 -  ALTERNATE  ENERGY  HOLDINGS,  INC.  (OTC:
AEHI.PK):  AEHI is constructing its first "Energy Neutral" house,  designed from
the ground-up to produce more energy than it consumes. Energy Neutral, Inc. is a
holding  of AEHI and CEO Don  Gillispie  said,  "It is a green  house that saves
Greenbacks."

The idea of using renewable energy to augment  residential power has been around
for  years.  However,  Energy  Neutral  is using  established  methods of energy
production  - such as  solar  panels - and  combining  them  with  energy-saving
construction  practices  to provide an  affordable  house that  achieves  energy
neutrality.  The house may draw energy  from the grid as needed,  such as during
evening  hours,  but send energy back into the grid on sunny days.  In all,  the
house is expected to be a net  producer of  electricity  and carry a zero energy
bill over its life.

Gillispie said, "Renewables produce energy  inconsistently,  so integrating them
with a reliable  baseload  power source  gives the best of both worlds.  This is
another  way to help the country by lowering  grid demand and  consumers'  power
bills not to mention reducing emissions.  This house costing about the same as a
conventional  heated and cooled  building  will save its owner over  $200,000 in
energy  bills over a fifty year life at today's  costs.  When you  consider  the
escalating cost of energy,  the savings could approach  $1,000,000 over the same
time  period  effectively  allowing  the  homeowner  to buy the house  including
interest with his energy savings."

The house, to be complete March 2010, is  approximately  3,000 sq. feet and will
market for around $100 per sq. foot.  Also, it will participate in Idaho Power's
net metering program, drawing and supplying energy to and from the grid.

Energy Neutral,  Inc. is able to add more energy  production  features in future
houses,  such as  photovoltaic  panels  that  resemble  shingles  and small wind
turbines for windy areas.  While Energy Neutral is showcasing its abilities with
the model home, it can also apply these technologies to farms and businesses and
is hoping to break into those markets as well.  Gillispie said he hopes to begin
a Energy Neutral subdivision next year and the model home is the first step.

ABOUT ALTERNATE ENERGY HOLDINGS, INC. (WWW.ALTERNATEENERGYHOLDINGS.COM)

Alternate Energy Holdings develops and markets  innovative clean energy sources.
The company is the nation's only publicly traded independent nuclear power plant
developer  willing to build power plants in non-nuclear  states.  Other projects
include,  Energy  Neutral which removes energy demands from homes and businesses
(WWW.ENERGYNEUTRALINC.COM), Colorado Energy Park (nuclear and solar generation),
and  International  Reactors,  which assists  developing  countries with nuclear
reactors for power  generation,  production of potable water and other  suitable
applications.  Also,  AEHI  China,  headquartered  In  Beijing,  develops  joint
ventures to produce nuclear plant components and consults on nuclear power.

"SAFE HARBOR" STATEMENT:  This press release may contain certain forward-looking
statements  within the meaning of Sections  27A & 21E of the amended  Securities
and  Exchange  Acts of  1933-34,  which are  intended  to be covered by the safe
harbors created thereby.  Although AEHI believes that the assumptions underlying
the forward-looking statements contained herein are reasonable,  there can be no
assurance  that  these  statements  included  in this press  release  will prove
accurate.


US INVESTOR RELATIONS:
208-939-9311
INVEST@AEHIPOWER.COM