The Energy Efficiency and Renewable Energy Loans for Michigan Businesses
Small businesses, currently located in Michigan, can apply for loans for qualified energy efficiency upgrades and renewable energy projects.
Projects must be: Ready-To-Go no later than 30 calendar days of the loan agreement effective date; Reduce energy consumption by at least 20% (building retrofits); Equipment purchases for general- and advanced-manufacturing of commercially available products (retooling); and Contribute to a reduction in greenhouse gas emissions.
One million five hundred dollars (1.5M) in loan funds are available for eligible projects. Loan requests should be between $50,000-350,000, and limited to supplies, materials and equipment costs only. This solicitation is open until all available funds are exhausted.
