Wisconsin Incentives/Policies for Renewables & Efficiency |
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Last DSIRE Review: 12/17/2012
Program Overview:
| State: |
Wisconsin |
| Incentive Type: |
Utility Loan Program |
| Eligible Efficiency Technologies: |
Water Heaters, Lighting, Furnaces , Custom/Others pending approval, Commercial Refrigeration Equipment, Food Service Equipment |
| Applicable Sectors: |
Commercial, Industrial |
| Amount: | $5,000 and larger |
| Maximum Incentive: | Loans over $100,000 are continuous instead of annual |
| Terms: | Rate: fixed annually or floated with LIBOR
Repayment: up to 10 years |
| Web Site: |
http://www.mge.com/business/services/financing/
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Summary:
Madison Gas and Electric (MGE) offers business customers a loan for energy efficiency projects. Customers use a Shared Savings Loan from MGE to finance improvements, with the money saved from improvements used to offset the cost of repaying money provided by MGE.
Projects must be over $5,000 to qualify and can cover equipment replacements, facility improvements or new construction. Interest rates are either fixed annually or floated with the LIBOR. Interest rate resets will be conducted annually in April of May. Monthly repayment billings appear as line items on participants' energy bills. Participants will have to pass a credit review and provide project information. Contact MGE for more information regarding this program. |
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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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