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Incentives/Policies for Renewables & Efficiency

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Michigan Saves - Business Energy Financing   

Last DSIRE Review: 09/23/2014
Program Overview:
State: Michigan
Incentive Type: State Loan Program
Eligible Efficiency Technologies: Equipment Insulation, Water Heaters, Lighting, Lighting Controls/Sensors, Chillers , Furnaces , Boilers, Heat pumps, Central Air conditioners, Steam-system upgrades, Programmable Thermostats, Caulking/Weather-stripping, Duct/Air sealing, Building Insulation, Windows, Siding, Roofs, Unspecified Technologies, Led Exit Signs, Room Air Conditioners, Commercial Refrigeration Equipment, Food Service Equipment, Tankless Water Heaters, Heat Pump Water Heaters, Infrared Heaters, Cool Roof
Eligible Renewable/Other Technologies: Solar Water Heat, Solar Thermal Electric, Geothermal Heat Pumps
Applicable Sectors: Commercial, Nonprofit
Prefunding available for up to 50% of project cost Additional incentives may apply for businesses in the food sector
Terms:Up to 60 months Maximum APR: 5.9%
No prepayment penalty
Funding Source:Michigan Public Service Commission
Web Site:

Michigan Saves is a non-profit that offers financing options for energy efficiency improvements throughout Michigan. The Business Energy Financing Program was started with seed funding from the Michigan Public Service Commission. Financing for businesses and nonprofits throughout the state of Michigan are now available. The program was originally available only to small commercial buildings within the City of Detroit owned by non-profits or local businesses. 

Pre-qualification application materials are available on the program web site.

  Program Information
Michigan Saves
230 N. Washington Ave., Ste. 300
Lansing, MI 48933
Phone: (517) 484-6474
Web Site:
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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 2014 - 2015 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.