Michigan Incentives/Policies for Energy Efficiency |
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Last DSIRE Review: 01/11/2013
Program Overview:
| State: |
Michigan |
| Incentive Type: |
Industry Recruitment/Support |
| Eligible Efficiency Technologies: |
Unspecified Technologies |
| Eligible Renewable/Other Technologies: |
Photovoltaics, Wind, Biomass, Geothermal Electric, Geothermal Heat Pumps, Others pending approval, Geothermal Direct-Use |
| Applicable Sectors: |
Commercial, Industrial |
| Maximum Incentive: | $2,000,000 |
| Terms: | 6% fixed interest rate
Maximum of 6 years |
| 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
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Authority 1:
Date Enacted:
Date Effective:
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MCL ยง 460.911 et seq.
01/08/2010
01/08/2011
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Authority 2:
Date Enacted:
Date Effective:
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E.O No. 2011-4
02/23/2011
04/23/2011
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Summary:
Note: This program is not currently accepting applications. Check the program web site for information regarding future solicitations.
In January 2010, Michigan enacted the Public Act 242 of 2009, which established the Energy Efficiency and Renewable Energy Revolving Loan Fund Program. The Clean Energy Advanced Manufacturing portion of this program is available to small businesses located in Michigan who are seeking to invest and diversify in clean energy sectors, manufacturing renewable energy and energy efficiency systems and components.
Applicants are evaluated based on minimum credit standards and face-to-face interviews. Loan recipients are required to submit quarterly reports related to energy use, payback, and other economic information. Program funds cannot be used for any systems installed before the date of the loan agreement. In order to qualify for the loans, the applicant must have 500 employees or less.
Program information and applications are available on the program web site.
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Contact:
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Robert Jackson
Michigan Energy Office
611 W. Ottawa Ave.
Lansing, MI 48909
Phone: (517) 373-2731
E-Mail: jacksonr1@michigan.gov
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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.
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