Business energy financing
Loans for Michigan businesses and other organizations to improve building energy efficiency or install renewable energy, using an authorized contractor.
Tämän rahoitusmahdollisuuden kuvaus on toistaiseksi englanniksi.
Finance improvements such as insulation, LED lighting, solar panels and Level 2 electric-vehicle charging stations, which use 240-volt power.
Commercial loans start at $5,000, with published standard terms of up to 84 months. You borrow from a participating lender and repay the loan; actual amounts, rates and terms depend on the lender and your creditworthiness.
Eligibility
- The programme serves Michigan organizations. Participating lender Verdant lists businesses, commercial buildings, nonprofits, schools and municipalities.
- Use a Michigan Saves authorized contractor. Your own contractor can apply to join the network.
- Improvements must meet any efficiency ratings and other conditions in the eligible-improvements list. For example, refrigerators must have the ENERGY STAR label, which identifies products that use less energy than other products in their category.
- An improvement outside the list may qualify if a certified professional recommends it through an energy assessment.
- Financing requires lender approval; your creditworthiness affects the terms offered.
How to apply
- Tila
- Jatkuva haku
- Hakukierroksen ehdot
- Financing is subject to lender approval and creditworthiness.
If you are not already working with a Michigan Saves contractor or lender, complete the interest form on the commercial-financing page. Work with an authorized contractor to scope and cost your project and identify utility incentives. Apply through one of the commercial lenders linked on that page, then work with that lender. Your contractor can start work once financing is approved.