City of Milwaukee - Milwaukee Shines Solar Financing (Wisconsin)
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Summary
Last modified on February 12, 2015.
Financial Incentive Program
Place | Wisconsin
|
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Name | City of Milwaukee - Milwaukee Shines Solar Financing |
Incentive Type | Local Loan Program |
Applicable Sector | Residential, Multi-Family Residential |
Eligible Technologies | Solar Water Heat, Photovoltaics |
Active Incentive | Yes |
Implementing Sector | Local |
Energy Category | Renewable Energy Incentive Programs
|
Start Date | 2011-07-28
|
Maximum Incentive | 20,000
|
Program Budget | $2 million
|
Terms | Interest Rate Maximum: Prime + 2.25% Interest Rate Minimum: Prime + 1.5% |
Program Administrator | Summit Credit Union |
Website | http://city.milwaukee.gov/SolarLoans
|
References | DSIRE[1] |
Summary
Beginning July 28, 2011, the City of Milwaukee will be offering low-interest loans for solar energy under its Milwaukee Shines Solar Financing program. Loans are available to homeowners of 1-3 unit, owner-occupied homes in Milwaukee. Interest rate maximum is prime rate plus 2.5%, and as low as prime plus 1.5%. Loans are limited to $20,000 and 15 years. Eligible equipment includes solar electric systems of up to 6 kilowatts (kW) and solar hot water systems of up to 8 panels. Projects must be installed by a Focus on Energy Residential Ally installer. Installers can be found here.
The Milwaukee Shines program is also offering a $1,000 cash-back reward to the first 20 participants in the loan program.
Application information is available on the Milwaukee Shines web site.
Incentive Contact
Contact Name | Amy Heart |
---|---|
Department | City of Milwaukee |
Division | Office of Environmental Sustainability |
Address | 200 East Wells |
Place | Milwaukee, Wisconsin |
Zip/Postal Code | 53202 |
Phone | (414) 286-5593
|
aheart@milwaukee.gov |
- Incentive and policy data are reviewed and approved by the N.C. Solar Center's DSIRE project staff.[1]
References
- ↑ 1.0 1.1 "Database of State Incentives for Renewables and Efficiency" Cite error: Invalid
<ref>
tag; name "DSIRE" defined multiple times with different content