Michigan Saves - Business Energy Financing

From Open Energy Information


Last modified on February 12, 2015.

Financial Incentive Program

Place Michigan

Name Michigan Saves - Business Energy Financing
Incentive Type State Loan Program
Applicable Sector Commercial, Nonprofit
Eligible Technologies Building Insulation, Caulking/Weather-stripping, Doors, Furnaces, Heat pumps, Roofs, Siding, Water Heaters, Windows, Commercial Refrigeration Equipment, Unspecified technologies, Geothermal Heat Pumps, Solar Thermal Electric, Solar Water Heat, Unspecified technologies, Tankless Water Heaters, Heat Pump Water Heaters, Infrared Heaters, Cool Roof
Active Incentive Yes
Implementing Sector Non-Profit
Energy Category Energy Efficiency Incentive Programs, Renewable Energy Incentive Programs
Amount $2,000-$150,000

Additional incentives may apply for businesses in the food sector

Funding Source Michigan Public Service Commission

Terms Up to 60 months

Maximum APR: 5.9%
No prepayment penalty

Program Administrator Michigan Saves
Website http://www.michigansaves.org/Customers/BusinessEnergyFinancing.aspx

References DSIRE[1]


Michigan Saves is a non-profit that offers financing options for energy efficiency improvements throughout Michigan. The Business Energy Financing Program was started with seed funding from the Michigan Public Service Commission. Financing 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.

Incentive Contact

Contact Name Terri Schroeder
Department Michigan Saves
Address 600 West Saint Joseph St.
Address 2 Suite 10
Place Lansing, Michigan
Zip/Postal Code 48933
Phone (734) 494-2190

Email tschroeder@michigansaves.org
Website http://www.michigansaves.org/

  • Incentive and policy data are reviewed and approved by the N.C. Solar Center's DSIRE project staff.[1]


  1. 1.0 1.1  "Database of State Incentives for Renewables and Efficiency (DSIRE)"