Solar & Battery Regulation & Incentive Programs

Energy Efficiency and Renewable Energy Loans for Businesses

Program Overview


Category:
Financial Incentive
Program Type:
Loan Program
Implementing Sector:
State
State:
Michigan
Eligible Storage Technologies:
Yes; specific technologies not identified
Website:
http://www.michigan.gov/energy/0,4580,7-230-72052_72054_73823---,00.html
Maximum Loan:
$350,000
Interest Rate:
2-4% fixed interest rate
Applicable Sectors:
Commercial, Industrial, Agricultural
Last Updated:
08/24/2016
Funding Source
American Recovery and Reinvestment Act of 2009 (ARRA)

Summary

The Michigan Agency for Energy (MAE), through the Michigan Energy Office (Energy Office), is offering small businesses, currently located in Michigan, financial assistance for energy efficiency upgrades and renewable energy project implementation. This effort is directed at businesses that are seeking to upgrade and/or install clean energy technologies. One million five hundred thousand ($1.5M) is available for eligible projects. Loan requests should be between $50,000 - $350,000 and are limited to supplies, materials and equipment purchases only.


Authorities

NameEnacted DateEffective DateExpired Date
MCL § 460.911 et seq.01/08/2010