Homeowners are eligible for rates ranging from 4.44% to 7.90% APR, though most customers finance at 5.50% APR. Terms are available up to 15 years with loan amounts ranging from $1,000 to $50,000. Actual rates, terms, and loan amounts vary and depend on the lender you choose and your creditworthiness.
| Implementing Sector: | Non-Profit |
| Category: | Financial Incentive |
| State: | Michigan |
| Incentive Type: | Loan Program |
| Web Site: | https://michigansaves.org/residential-homes/ |
| Administrator: | Michigan Saves |
| Start Date: | |
| Eligible Renewable/Other Technologies: |
|
| Maximum Loan: |
Loan terms are one year for every $1,000 up to $4,999. For loans $5,000 and higher, customer may select term up to ten years (or higher if applicable). |
| Loan Term: |
12-180 months Rates vary by lender No prepayment penalty |
| Name: | Program Information |
| Organization: | Michigan Saves |
| Address: |
230 N. Washington Ave., Ste. 300 Lansing MI 48933 |
| Phone: | (517) 484-6474 |
| Email: | info@michigansaves.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.
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