The Nation’s First Nonprofit Green Bank

Board of Directors

Operating as a green bank, Michigan Saves creates financing solutions that are designed for function and engineered for success. Our financing know-how and services enable energy consumers anywhere in the state to access the capital they need to invest in the power of clean energy and put it to work for them. Whenever and wherever money is needed for a clean energy project, we are there to help.

Our green bank model is made possible by partnerships with private-sector lenders and energy providers. We also authorize and monitor a network of contractors while providing technical assistance for customers and contractors alike. Our portfolio includes programs for residential, commercial, and municipal customers, and supports energy efficiency, geothermal, and solar photovoltaic projects. And we’re continually adding more features and programs, as well as growing our contractor base, so that even more Michiganders can benefit from safer, more comfortable spaces and smaller utility bills.

Our Mission

Our mission is to stimulate and support investment in energy efficiency and renewable energy systems and measures in Michigan homes, businesses, and public buildings. Working through our industry and with community partners, we:

How We Operate

Michigan Saves was established in 2009 through a grant from the Michigan Public Service Commission (MPSC). The grant allowed a two-year period to establish the organization and develop an initial portfolio of programs to support energy installations. In September 2011, the organization became fully independent. Governed by an 18-member board of directors and a special policy advisor appointed by the MPSC, Michigan Saves is managed and staffed by Public Sector Consultants. Michigan Saves has been awarded several grants by state agencies and the U.S. Department of Energy to expand and enhance our programs.

We work hard to be good stewards of taxpayer dollars and use them to appropriately leverage private investment.