Energy Revolving Loan Fund - Public Entities (Michigan)

Summary

Last modified on February 12, 2015.

Financial Incentive Program

Place	Michigan
Name	Energy Revolving Loan Fund - Public Entities
Incentive Type	State Loan Program
Applicable Sector	Local Government
Eligible Technologies	Water Heaters, Lighting, Lighting Controls/Sensors, Chillers, Furnaces, Boilers, Heat pumps, Central Air conditioners, Heat recovery, Programmable Thermostats, Energy Mgmt. Systems/Building Controls, Caulking/Weather-stripping, Duct/Air sealing, Building Insulation, Windows, Siding, Roofs, Custom/Others pending approval, Solar Water Heat, Solar Thermal Electric, Solar Thermal Process Heat, Photovoltaics, Wind, Biomass, Geothermal Heat Pumps
Active Incentive	Yes
Implementing Sector	State/Territory
Energy Category	Renewable Energy Incentive Programs, Energy Efficiency Incentive Programs
Amount	100,000-2,500,000
Funding Source	American Recovery and Reinvestment Act of 2009 (ARRA)
Maximum Incentive	2,500,000
Terms	3% fixed interest rate 6-year maximum
Program Administrator	Michigan Economic Development Corporation
References	DSIREDatabase of State Incentives for Renewables and Efficiency

Summary

Note: The Michigan Economic Development Corporation is not currently accepting applications for this loan fund. Check the program web site for future solicitations.

In January 2010, Michigan enacted the Public Act 242 of 2009, which established the Energy Efficiency and Renewable Energy Revolving Loan Fund Program. The Public Entities portion of the loan program is available to cities and villages located in Michigan for energy efficiency and renewable energy systems. Applicants are evaluated based on minimum credit standards. Program funds cannot be used for any costs incurred before the date of the loan agreement.

The following size restrictions apply for wind, solar thermal water heat, and ground source heat pumps:

• Wind: 20 kW or smaller
• Solar Thermal: 20 kW or smaller
• Ground Source Heat Pump: 5.5 tons of capacity or smaller

Applications are available on the program web site and must be submitted to the Michigan Economic Development Corporation.

Incentive Contact

Contact Name	Robert Jackson
Department	Michigan Energy Office
Address	611 W. Ottawa Ave.
Place	Lansing, Michigan
Zip/Postal Code	48909
Phone	(517) 373-2731
Email	jacksonr16@michigan.org

Authorities (Please contact the if there are any file problems.)

Authority 1:	MCL § 460.911 et seq.
Date Effective	2010-01-08
Date Enacted	2010-01-08

Authority 2:	E.O. No. 2011-4
Date Effective	2011-04-24
Date Enacted	2011-02-23

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