Property-Assessed Clean Energy (PACE) financing effectively allows property owners to finance energy improvements with no upfront costs. The cost of the project is repaid via a special assessment on the property over a period of years. Commercial, industrial, and multi-family property owners (five units and up) in a participating city or county can participate in Lean & Green Michigan.
Interested property owners should start by performing an energy audit on their facilities to find the most cost effective energy improvements. Lean & Green Michigan can help customers find a contractor to perform the audit. Interested property owners should then apply on the Lean & Green Michigan website, and Lean & Green Michigan will help them find the best funding solution for their project.
Counties and cities must opt into the program for property owners in their jurisdictions to participate. For the current list of participating local governments, which already represent over half of Michigan's ten million residents, visit www.leanandgreenmi.com.
Check eligibility here.
|Incentive Type:||PACE Financing|
|Administrator:||Levin Energy Partners|
|Eligible Renewable/Other Technologies:||
|Terms:||Properties with a utility spend higher than $2,000 per month. The cost of the energy project should be greater than $100,000. The property should be worth at least $400,000. Properties must be current on their property taxes and any other property tax obligations to qualify for PACE financing.|
|Name:||Levin Energy Partners|
3400 Russell Street, Suite 255
Detroit MI 48207
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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