Commercial Energy Loan Program

Every building has expenses associated with energy. Michigan Saves has helped thousands of organizations—including businesses; nonprofits; multifamily and public sector properties, such as municipal office buildings and public schools; and other commercial facilities—invest in improvements that minimize future increases in energy prices, maximize the opportunity to bank excess maintenance costs, and provide savings via smaller, more predictable utility bills. And we’re here to help you and your commercial building operation benefit from similar energy- and money-savings!

With fixed interest rates as low as 6.50% APR and amounts starting at $5,000, our affordable financing can be used for nearly any energy-efficiency and renewable energy project. Completing a larger, more capital-intensive energy upgrade? No problem. Our financing options with longer terms have you covered. From affordable housing to publicly owned building projects, and financing types that range from solar power purchase agreements to lines of credit, we help building owners and managers like you improve their bottom lines with serious energy savings.

Get started now to see results in your building and your balance sheet!

Getting started is as easy as 1-2-3


Apply for Financing

Your contractor will provide you with instructions to apply by phone or online. See available offerings, incentives, and lenders below.



Once the financing is approved, your contractor installs the upgrades and is paid directly by the lender—after the work is completed to your satisfaction.

Available Commercial Financing

  • Overview
  • Minimum
  • Larger amounts considered on a case-by-case basis. Please contact a lender for further details.Maximum
  • Fixed Interest Rate (starting at)
  • Terms (up to)
  • Security
  • Ascentium Capital

  • $5,000
  • Based on credit
  • 7.42% APR
  • 84 months
  • UCC-1
  • Team Financial

  • $5,000
  • Based on credit
  • 7.25% APR
  • 84 months
  • UCC-1
  • DLL Financial

  • $5,000
  • Based on credit
  • 7.25% APR
  • 120 months
  • Fixture Filing, UCC-1
  • Graybar Financial

  • $5,000
  • Based on credit
  • 6.83% APR
  • 84 months
  • UCC-1
  • NEIF

  • $250,000
  • Based on credit
  • 6.50% APR
  • 144 months
  • UCC-1
  • Inclusive Prosperity

  • $50,000
  • $2,000,000
  • 6.62% APR
  • 240 months
  • UCC-1

Now offering solar power purchase agreements and predevelopment lines of credit. More Details

Special Offers

consumers energy logo
DTE Lettermark Logo
SEMCO Energy Logo

Thanks to our partnerships with DTE, Consumers Energy and SEMCO Energy Gas Company, Michigan Saves continues to offer reduced interest rates to commercial and municipal customers for qualifying energy upgrades! With rates as low as 0% APR, commercial customers can take advantage of this special, limited-time financing for custom and prescriptive energy-efficiency projects. Tap the flyers below for more details!

Consumers Energy Commercial Reduced Interest Rate Flyer (0.0% APR)

Consumers Energy Multifamily Reduced Interest Rate Flyer (0.0% APR)

DTE Commercial Reduced Interest Rates Flyer

(0.0%-1.99% APR)

DTE Multifamily Reduced Interest Rate Flyer (0% APR)

SEMCO Commercial Reduced Interest Rate Flyer (0.0% APR)

Learn More

See the wide range of commercial energy improvements you can use our financing for. View the full list of eligible measures

Read the stories of real people who've found with success with Michigan Saves. What our customers have to say


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 ranging from 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 6.50% APR. Standard finance terms are 24, 36, 48, and 60 months. For applicants with great credit, longer terms may be available. For amounts greater than $250,000, please contact Todd O’Grady for financing options rates starting at 5.75% APR and terms up to twelve years.

All publicly owned buildings, such as municipal offices, public schools, libraries, and hospitals, are eligible for rates ranging from 3% to 5% 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 are already working with or know a contractor, they can become authorized by Michigan Saves by completing an application.