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Michigan

Michigan

Incentives/Policies for Renewables & Efficiency

Printable Version
Energy Revolving Loan Fund - Passive Solar   

Last DSIRE Review: 01/11/2013
Program Overview:
State: Michigan
Incentive Type: State Loan Program
Eligible Renewable/Other Technologies: Passive Solar Space Heat
Applicable Sectors: Nonprofit, Agricultural, Institutional
Amount:$5,000-$15,000
Maximum Incentive:$15,000
Terms:4% fixed interest rate
Interest-only payments for first 6 months
6-year maximum
Funding Source:American Recovery and Reinvestment Act of 2009 (ARRA)
Web Site: http://www.michigan.gov/mdcd/0,4611,7-122-25676-217576--,00.html
Authority 1:
Date Enacted:
Date Effective:
MCL ยง 460.911 et seq.
01/08/2010
01/08/2010
Authority 2:
Date Enacted:
Date Effective:
E.O. No. 2011-4
02/23/2011
04/24/2011
Summary:

In January 2010, Michigan enacted the Public Act 242 of 2009, which established the Energy Efficiency and Renewable Energy Revolving Loan Fund Program. The Passive Solar Systems portion of the loan program is available to family farms and non-profits located in Michigan. Under this program, a passive solar system is defined as "a structure which can extend the growing season to ten to twelve months without additional supplemental heat or light."

Applicants are evaluated based on minimum credit standards and face-to-face interviews to determine knowledge of and interest in passive solar systems. Loan recipients will be required to attend a passive solar system workshop and are required to submit quarterly reports related to production. Program funds cannot be used for any costs incurred before the date of the loan agreement.

Applications are available on the program web site.


 
Contact:
  Terri Novak
Department of Energy, Labor and Economic Growth
611 W. Ottawa Ave.
Lansing, MI 48909
Phone: (517) 241-8526
Phone 2: (517) 241-6229
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Disclaimer: The information presented on the DSIRE web site provides an unofficial overview of financial incentives and other policies. It does not constitute professional tax advice or other professional financial guidance, and it should not be used as the only source of information when making purchasing decisions, investment decisions or tax decisions, or when executing other binding agreements. Please refer to the individual contact provided below each summary to verify that a specific financial incentive or other policy applies to your project.

While the DSIRE staff strives to provide the best information possible, the DSIRE staff, the N.C. Solar Center, N.C. State University and the Interstate Renewable Energy Council, Inc. make no representations or warranties, either express or implied, concerning the accuracy, completeness, reliability or suitability of the information. The DSIRE staff, the N.C. Solar Center, N.C. State University and the Interstate Renewable Energy Council, Inc. disclaim all liability of any kind arising out of your use or misuse of the information contained or referenced on DSIRE Web pages.

Copyright 2013 - 2014 North Carolina State University, under NREL Subcontract No. XEU-0-99515-01. Permission granted only for personal or educational use, or for use by or on behalf of the U.S. government. North Carolina State University prohibits the unauthorized display, reproduction, sale, and/or distribution of all or portions of the content of the Database of State Incentives for Renewables and Efficiency (DSIRE) without prior, written consent.