Energy Revolving Loan Fund

September 29, 2015

Summary

In January 2010, Michigan enacted the Public Act 242 of 2009, which established the Energy Efficiency and Renewable Energy Revolving Loan Fund Program. The Michigan Energy Office (MEO), within the Michigan Agency for Energy (MAE), provides loan funding for a range of energy efficiency and renewable energy activities, subject to availability of funds. Eligible projects must showcase energy efficiency and/or renewable energy as an affordable, reliable, adaptable, and environmentally protective energy solution. Loan award amounts and project types vary according to each individual solicitation. Those interested in participating should contact Robert Jackson at the Michigan Energy Office for additional details.

Program Overview

Implementing Sector:	State
Category:	Financial Incentive
State:	Michigan
Incentive Type:	Loan Program
Web Site:
Administrator:	Michigan Department of Career Development
Start Date:
Eligible Renewable/Other Technologies:
Maximum Loan:	$350,000
Loan Term:	4-year maximum
Interest Rate:	6% fixed interest rate

Incentives

This program has 1 incentives

Technologies:	Yes; specific technologies not identified
Sectors:	Commercial, Agricultural
Parameters:	The incentive has a minimum of $350.00

Authorities

Name:	MCL § 460.911 et seq.
Date Enacted:	01/08/2010
Effective Date:	01/08/2010

Name:	E.O. No. 2011-4
Date Enacted:	02/23/2011
Effective Date:	04/24/2011

Contact

Name:	Robert Jackson
Organization:	Energy Office, Michigan Agency for Energy
Address:	7109 W. Saginaw Highway Lansing MI 48917
Phone:	(517) 284-8333
Email:	Jacksonr20@michigan.gov

This information is sourced from DSIRE; the most comprehensive source of information on incentives and policies that support renewables and energy efficiency in the United States. Established in 1995, DSIRE is operated by the N.C. Clean Energy Technology Center at N.C. State University.