Energy efficient upgrades for single-family homes, rental properties, and businesses can lower utility bills and reduce environmental impact. If you’re a building property owner in Michigan, there are many financial resources to help you make these upgrades affordable.
Michigan Saves: Financing for everyone
Michigan Saves is the nation’s first green bank, leveraging private capital to expand access to clean energy financing while ensuring repayment terms are fair and manageable. Michigan Saves offers low-interest financing for clean energy and energy efficient upgrades by connecting Michigan building owners with trusted contractors.
Financing is available for a wide range of energy improvements, from insulation and efficient windows to solar panels and HVAC systems. Homeowners can secure loans starting at $1,000 for upgrades, while business owners and nonprofits can borrow up to $500,000 to improve their properties. Rental property owners are also eligible, making Michigan Saves financing a flexible option for nearly any building type.
Federal and utility support for businesses
Commercial building owners can also tap into national and utility-level resources. The U.S. Department of Energy highlights financing pathways like property-assessed clean energy loans, performance contracting, and on-bill financing.
Locally, utility providers may offer financing for business customers making energy efficient upgrades. These options pair with rebates and incentives to reduce upfront costs.
State rebates and programs
The State of Michigan offers additional support through home energy rebate programs administered by the Michigan Department of Environment, Great Lakes, and Energy. These programs provide rebates for upgrades like efficient heating systems, insulation, and appliances. Renters may also benefit indirectly when landlords take advantage of these incentives, reducing energy costs across multifamily properties.
For income-eligible households, the helps lower bills by covering the cost of improvements such as insulation, air sealing, and furnace upgrades so residents can benefit from lower utility bills without having to pay for these upgrades.
Why take advantage now?
Michigan ranks highly among states for its energy efficiency policies and programs. With rebates, low-interest loans, and utility incentives available, building owners have more opportunities than ever to make cost-effective improvements. By acting now, you can conserve energy, reduce bills, and help create a cleaner, more sustainable Michigan.
Get affordable financing for energy efficient upgrades with Michigan Saves
If you live in Michigan and you’re ready to invest in energy efficient improvements, you can get low interest rate financing through Michigan Saves. We can help you turn your home, business, or other commercial property into a comfortable and efficient space with a wide variety of energy upgrades, such as energy efficient windows, air sealing, and HVAC systems. Find an authorized Michigan contractor in your area to start saving with us today!
