| Implementing Sector: | State |
| Category: | Financial Incentive |
| State: | Michigan |
| Incentive Type: | Loan Program |
| Web Site: | http://www.michigan.gov/energy/0,4580,7-230-72052_72054_73823---,00.html |
| Funding Source: | American Recovery and Reinvestment Act of 2009 (ARRA) |
| Eligible Efficiency Technologies: | Yes; specific technologies not identified |
| Name: | MCL § 460.911 et seq. |
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.
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| kw System size | years Payback period | Lifetime savings |
No money down, 100% finance is available.
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A solar PV system is custom-designed for your home. Final solar system price may vary based on your location, monthly utility bill, government incentives and rebates, the condition of your home, and local installation prices. Solar PV system output and estimated savings are calculated based on several factors including product type, system production, geography, weather, shade, electricity use, full utilization of the 30% solar investment tax credit, and utility rate structures and rate increases. Savings on your total electricity costs are not guaranteed. Financing options and terms vary by location, and may not be available in all areas. Solar QC is neither the lender nor the project installer. Solar QC License# 1130591
