Commercial Building Clean Energy Financing | Michigan Saves

Elevate Your Building with Sustainable, Made for You Financing Solutions

Whether it’s comprehensive energy upgrades or smaller-scale improvements, our accessible financing options cater to a wide array of commercial projects. We’ll provide you with access to financial support and a network of authorized contractors ready to assist with your business’s unique needs. Take the first step towards energizing your projects and connect with an authorized Michigan Saves contractor today to guide you through our seamless process.

How Does the Process Work?

1 Find your Michigan Saves contractor to get an estimate on qualifying commercial energy improvements.

Find a Contractor

2Apply for financing with one of our commercial lenders—your contractor will provide you with instructions to apply online or by phone.

Find a Lender

3Work with your lender. Once the financing is approved, your contractor can get right to work.

Eligible Commercial Improvements

Solar Panels

Solar photovoltaic (PV)

Roofing (asphalt, metal, or membrane)

Heating, ventilation, and air conditioning (HVAC)

Roofing (asphalt, metal, or membrane)

Roofing (asphalt, metal, or membrane)
ENERGY STAR® or comparable

Commercial roof illustration
Indoor LED lighting

Indoor LED lighting

Ceiling with LED lighting illustration
Occupancy sensors

Occupancy sensors

Cafeteria illustration
Commercial kitchen equipment

Commercial kitchen equipment (fryers, griddles, refrigerators, etc.)

Commercial kitchen illustration
Water Heater

Water heater

Boiler system

Boiler system

Boiler room illustration
LED lighting

Outdoor LED lighting

EV charging stations

Electric vehicle (EV) charging stations

Parking lot with outdoor LED lighting illustration

Download all eligible improvements

Get the detailed list of 150+ improvements that are eligible for Michigan Saves financing.

Available Commercial Financing

We’ve already negotiated the best rates on your behalf. These rates are only available through Michigan Saves and account for rebates, incentives, and more.

NEIF logo


Amount: $250,000 and up

Rates: Starting at 6.50% APR

Terms: Up to 144 months

Prefunding: Up to 50%

Based on credit

Team Financial Group logo

Team Financial Group

Amount: $5,000 and up

Rates: Starting at 7.25% APR

Terms: Up to 84 months

Prefunding: Up to 75%

Based on credit


Michigan Saves partners with DTE, Consumers Energy, and SEMCO to get you the lowest interest rates out there for your efficiency projects. Qualifying commercial and municipal customers could receive as low as 0% APR for eligible improvements, like commercial building insulation, HVAC systems, and lighting. Check if your project qualifies! It’s easy! Open the flyers below for more details based on which utility you have for your service provider.

Consumers Energy logo
DTE Energy logo
Semco Energy Gas Company logo

Frequently Asked Questions

What is Michigan Saves financing?

Michigan Saves financing is financial capital made available to customers through a network of lenders that offer favorable terms based on a negotiated contract. This program helps Michigan organizations reduce costs by financing energy-efficient lighting, heating and cooling systems, insulation, appliances, water heaters, and more. Upgrades are made with the help of our authorized contractors and an authorized lending partner.

What finance rates and terms are available?

Rates and terms are based on credit and subject to market change. However, commercial customers—which include energy users like for-profit and nonprofit organizations, multifamily properties, publicly owned buildings, and affordable housing—are eligible for minimum financing amounts of $5,000 with interest rates starting at 6.99% APR. Standard financing terms are 24, 36, 48, and 60 months. For applicants with great credit, terms up to 84 months may be available. For amounts greater than $250,000, please contact Todd O’Grady for financing options.

All publicly owned buildings, such as municipal offices, public schools, libraries, and hospitals, are eligible for rates ranging from 3.00% to 5.00% APR. Standard terms are 24, 36, 48, and 60 months. Installment purchase agreements are available from $5,000 to $10 million.

What can I use the financing for?

Most energy improvements can be financed, but a full list of eligible improvements is available here. The most common commercial improvements include LED lighting, HVAC systems, insulation, and new mechanical equipment like occupancy sensors and electronically communicated motors.

Can I do the work myself?

Michigan Saves makes it easy to process authorized contractors and easy for your own contractor to become authorized. Whichever you choose, you can work with people you are comfortable with. Michigan Saves screens energy auditors and contractors to ensure they have applicable licenses, credentials, and insurance, and understand the financing process. If you already have a contractor in mind, they can become authorized by Michigan Saves by completing an application.

Find a Contractor

Interested in finding a local contractor that is approved for Michigan Saves financing?