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.
|Incentive Type:||Loan Program|
|Administrator:||Michigan Department of Career Development|
|Eligible Renewable/Other Technologies:||
|Loan Term:||4-year maximum|
|Interest Rate:||6% fixed interest rate|
|Technologies:||Yes; specific technologies not identified|
|Parameters:||The incentive has a minimum of $350.00|
|Name:||MCL § 460.911 et seq.|
|Name:||E.O. No. 2011-4|
|Organization:||Energy Office, Michigan Agency for Energy|
7109 W. Saginaw Highway
Lansing MI 48917
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.
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