Solar & Battery Regulation & Incentive Programs

City of Milwaukee - Milwaukee Shines Solar Financing

Program Overview


Category:
Financial Incentive
Program Type:
Loan Program
Implementing Sector:
Local
State:
Wisconsin
Eligible Storage Technologies:
Solar Water Heat, Solar Photovoltaics
Website:
http://city.milwaukee.gov/MilwaukeeShines#.VRw1e-G86W4
Maximum Loan:
$20,000
Loan Term:
Interest Rate Maximum: Prime + 2.25%
Interest Rate Minimum: Prime + 1.5%
Loan Length: 15 year maximum
Administrator:
Summit Credit Union
Applicable Sectors:
Residential, Multifamily Residential
Budget :
$2 million
Start Date:
07/28/2011
Last Updated:
02/25/2020

Eligibility Criteria

EligibilitySectorsTechnologies
max $20.0000
Residential
Solar Water Heat
Solar Photovoltaics

Summary

Beginning July 28, 2011, the City of Milwaukee will be offering low-interest loans for solar energy under its Milwaukee Shines Solar Financing program. Loans are available to homeowners of 1-3 unit, owner-occupied homes in Milwaukee. Interest rate maximum is prime rate plus 2.5%, and as low as prime plus 1.5%. Loans are limited to $20,000 and 15 years. Eligible equipment includes solar electric systems of up to 6 kilowatts (kW) and solar hot water systems of up to 8 panels. Projects must be installed by a Focus on Energy Residential Ally installer. Installers can be found here. Eligible expenses include: All equipment, labor, permits, and interconnection fees. Also structural reinforcement and re-roofing expenses if part of the solar project.

The Milwaukee Shines program is also offering a $1,000 cash-back reward to the first 20 participants in the loan program.

Application information is available on the Milwaukee Shines web site.