City of Milwaukee - Milwaukee Shines Solar Financing (Wisconsin)

Summary

Last modified on February 12, 2015.

Financial Incentive Program

Place	Wisconsin
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% Loan Length: 15 year maximum
Program Administrator	Summit Credit Union
Website	http://city.milwaukee.gov/SolarLoans
References	DSIRE

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
Email	aheart@milwaukee.gov

• Incentive and policy data are reviewed and approved by the N.C. Solar Center's DSIRE project staff.