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Michigan

Michigan

Incentives/Policies for Energy Efficiency

Printable Version
City of Detroit - SmartBuildings Detroit Green Fund Loan   

Last DSIRE Review: 06/11/2013
Program Overview:
State: Michigan
Incentive Type: Local Loan Program
Eligible Efficiency Technologies: Lighting, Chillers , Furnaces , Boilers, Heat pumps, Central Air conditioners, Heat recovery, Steam-system upgrades, Caulking/Weather-stripping, Building Insulation, Windows, Doors, Roofs, Custom/Others pending approval, Led Exit Signs
Eligible Renewable/Other Technologies: Solar Water Heat, Photovoltaics, Wind, Hydroelectric, Geothermal Heat Pumps, Other Alternative Energy, Other Distributed Generation Technologies, Geothermal Direct-Use
Applicable Sectors: Commercial, Local Government, State Government, Multi-Family Residential, Institutional
Maximum Incentive:40% of eligible costs, up to $100,000
Terms:Borrower must have a minimum 10% equity contribution to project
1% processing fee
Funding Source:The American Reinvestment and Recovery Act (ARRA) of 2009; State Energy Program
Web Site: http://www.degc.org/special-initiatives.aspx/smartbuildings-detro...
Summary:

Note: This program is no longer accepting applications. Check the program web site for information regarding future solicitations.

The Economic Development Corporation (EDC) of the City of Detroit is offering financial assistance to commercial, institutional, and public buildings in Detroit that install energy efficiency and renewable energy technologies. Loans are available for up to 40% of the cost of eligible improvements, up to $100,000. Eligible technologies include building insulation, glazing treatments, windows, doors, weatherstripping, insulated roofs, solar panels, geothermal installations, wind, hydroelectric, thermal load reduction, HVAC, interior and exterior lighting, humidification, and low flow water/plumbing projects. Other technologies may also be eligible for funding. In order to apply for financial assistance, contact the Program Manager listed below.

Applicants may use funding from this grant program in combination with the SmartBuildings Detroit Grant Program.

This program is part of the U.S. Department of Energy's (DOE) Better Buildings Program. The DOE has awarded over $500 million in federal funds to more than 40 states, local governments, and organizations to administer local programs targeting a variety of building types. Combined, these local programs are expected to improve the efficiency of more than 170,000 buildings through 2013 and save up to $65 million in energy costs annually.

 


 
Contact:
  SmartBuildings Detroit
City of Detroit
Economic Development Corporation
500 Griswold
Suite 2200
Detroit, MI 48226
Phone: (313) 963-2940
E-Mail: scottveldhuis@degc.org
Web Site: http://www.degc.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.

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.