Michigan Saves - Business Energy Financing

Summary

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

Summary

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.