Madison Gas & Electric - Commercial Energy Efficiency Loan Program

July 11, 2019

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.

Program Overview

Implementing Sector: Utility
Category: Financial Incentive
State: Wisconsin
Incentive Type: Loan Program
Web Site: http://www.mge.com/business/services/financing/
Administrator:
Start Date:
Eligible Renewable/Other Technologies:
  • Water Heaters
  • Lighting
  • Furnaces
  • Custom/Others pending approval
  • Food Service Equipment
  • Commercial Refrigeration Equipment
Maximum Loan: Loans over $100,000 are continuous instead of annual
Loan Term: Rate: fixed annually or floated with LIBOR
Repayment: up to 10 years. $5,000 minimum loan.

Incentives

This program has 1 incentives
Technologies: Water Heaters, Lighting, Furnaces, Custom/Others pending approval, Food Service Equipment, Commercial Refrigeration Equipment
Sectors: Commercial, Industrial
Parameters: The incentive has a minimum of $100.00, The incentive has a maximum of 5.00 $/Unit

Contact

Name: Business Helpline
Organization: Madison Gas and Electric
Address: 133 South Blair Street
Madison WI 53701-1231
Phone: (608) 252-7007
Email: talksbiz@mge.com

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.