City of Detroit - SmartBuildings Detroit Green Fund Loan

July 31, 2020

Summary

Note: Check the program web site for information regarding 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 between $50,000 to $150,000. 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, electrical, 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.

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.

 

Program Overview

Implementing Sector: Local
Category: Financial Incentive
State: Michigan
Incentive Type: Loan Program
Web Site: http://www.degc.org/businesses/smartbuildings-detroit
Administrator: The Economic Development Corporation
Start Date:
Eligible Renewable/Other Technologies:
  • Solar Water Heat
  • Solar Photovoltaics
  • Wind (All)
  • Hydroelectric
  • Geothermal Heat Pumps
  • Lighting
  • Chillers
  • Furnaces
  • Boilers
  • Heat pumps
  • Air conditioners
  • Heat recovery
  • Steam-system upgrades
  • Caulking/Weather-stripping
  • Building Insulation
  • Windows
  • Doors
  • Roofs
  • Custom/Others pending approval
  • Geothermal Direct-Use
  • Other Distributed Generation Technologies
Maximum Loan: $100,000
Loan Term: 7 years.
Interest Rate: An initial interest rate of 2.99% which can increase to 5.99 % per annum over time.

Contact

Name: SmartBuildings Detroit
Address: 500 Griswold
Detroit MI 48226
Phone: (313) 963-2940
Email: scottveldhuis@degc.org

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.