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Michigan

Michigan

Incentives/Policies for Energy Efficiency

Printable Version
City of Ann Arbor - PACE Financing   

Last DSIRE Review: 09/11/2012
Program Overview:
State: Michigan
Incentive Type: PACE Financing
Eligible Efficiency Technologies: Clothes Washers, Dishwasher, Refrigerators, Dehumidifiers, Ceiling Fan, Water Heaters, Lighting, Chillers , Furnaces , Boilers, Heat pumps, Central Air conditioners, Programmable Thermostats, Energy Mgmt. Systems/Building Controls, Caulking/Weather-stripping, Duct/Air sealing, Building Insulation, Windows, Roofs, Whole House Fans, Cool Roof
Eligible Renewable/Other Technologies: Solar Thermal Electric, Photovoltaics, Landfill Gas, Wind, Biomass, Hydroelectric, Geothermal Electric, Geothermal Heat Pumps, Geothermal Direct-Use
Applicable Sectors: Commercial, Industrial, Multi-Family Residential
Terms:Project costs: $10,000-$350,000, not to exceed 20% of the property's State Equalized Value
Lien to value of the property cannot exceed 99% of twice the State Equalized Value
Web Site: http://a2energy.org/commercial-savings
Authority 1:
Date Enacted:
Date Effective:
Resolution R-11-425
10/03/2011
10/04/2011
Summary:

The City of Ann Arbor offers Property Assessed Clean Energy (PACE) financing for commercial properties located within the city. Projects will undergo a voluntary special assessment and may range in size from $10,000 to $350,000. The project costs cannot exceed 20% of the property's State Equalized Value, and the lien to value of the property cannot exceed 99% of twice the State Equalized Value. Property owners may use the financing for energy efficiency and/or renewable energy projects as defined by the 2010 Michigan legislation (Public Act 270 of 2010) which authorized local governments to create PACE programs. Commercial properties are defined as any property that is not a single family home, duplex, or certain townhouses. Projects must demonstrate that energy savings will be greater than the cost of the project. Interested residents should apply online at the program web site. 


 
Contact:
  Wendy Barrott
City of Ann Arbor
Ann Arbor, MI
Phone: (734) 794-6430 Ext.43714
E-Mail: wbarrott@a2gov.org
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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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