Michigan Incentives/Policies for Renewables & Efficiency |
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Last DSIRE Review: 06/01/2012
Program Overview:
| State: |
Michigan |
| Incentive Type: |
State Loan Program |
| Eligible Efficiency Technologies: |
Water Heaters, Furnaces , Heat pumps, Caulking/Weather-stripping, Duct/Air sealing, Building Insulation, Windows, Siding, Roofs, Unspecified Technologies, Commercial Refrigeration Equipment, Tankless Water Heaters, Heat Pump Water Heaters, Infrared Heaters, Cool Roof |
| Eligible Renewable/Other Technologies: |
Solar Water Heat, Solar Thermal Electric, Geothermal Heat Pumps |
| Applicable Sectors: |
Commercial, Nonprofit |
| Amount: | $10,000-$150,000 |
| Terms: | Up to 84 months
Maximum APR: 5%
No prepayment penalty
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| Funding Source: | Michigan Public Service Commission |
| Web Site: |
http://www.michigansaves.org/Customers/BusinessEnergyFinancing.as...
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Summary:
Michigan Saves is a non-profit that offers financing options for energy efficiency improvements throughout Michigan. The Commercial Energy Loan Program was started with seed funding from the Michigan Public Service Commission. Loans for businesses and nonprofits throughout the state of Michigan are now available. The program was originally available only to small commercial buildings within the City of Detroit owned by non-profits or local businesses.
Pre-qualification application materials are available on the program web site. |
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Disclaimer: The information presented on the DSIRE web site provides an unofficial overview of financial incentives and other policies. It does not constitute professional tax advice or other professional financial guidance, and it should not be used as the only source of information when making purchasing decisions, investment decisions or tax decisions, or when executing other binding agreements. Please refer to the individual contact provided below each summary to verify that a specific financial incentive or other policy applies to your project.
While the DSIRE staff strives to provide the best information possible, the DSIRE staff, the N.C. Solar Center, N.C. State University and the Interstate Renewable Energy Council, Inc. make no representations or warranties, either express or implied, concerning the accuracy, completeness, reliability or suitability of the information. The DSIRE staff, the N.C. Solar Center, N.C. State University and the Interstate Renewable Energy Council, Inc. disclaim all liability of any kind arising out of your use or misuse of the information contained or referenced on DSIRE Web pages.
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