From marketing materials to training information, the resource center has all you need.
Contractors
As a Michigan Saves contractor, you have exclusive rights to offer Michigan Saves financing. Our programs were created to help customers take control of their energy costs and help you expand your business. Our financing products were tailor-made to serve the residential and commercial markets, and they are among the best in the country because of our low interest rates and fast credit decisions. Whether you’re just joining as a contractor or you’ve been using the programs for years, there’s never been a better time to offer Michigan Saves financing to your customers.
Quick Links
- Eligible Measures
- Certificate of Completion
- Guidelines for Authorized Contractors
- Current Program Incentives
- Ascentium Capital
- Team Financial
- Financing Application
- Payment Calculator (standard and buy-down)
Michigan Saves Contractor Application
Do you have customers ready to install energy improvements but you don’t have the cash on hand? Could your customers’ businesses grow and thrive if they could reduce their operating costs? Michigan Saves offers contractors like you a convenient way to stand out from your competitors and help your customers finance improvements for their home or business.
We’re happy you are interested in becoming an authorized contractor! It’s easy to get started:
- Review our contractor qualifications to make sure you qualify.
- Visit our online contractor portal to start or edit your online application.
- Use this form to request your certificate of insurance from your insurance carrier.
For contractor applications submitted using the online application system, there is a one-time, nonrefundable application fee of $50 to apply to become a Home Energy Loan Program authorized contractor, or a Business Energy Financing authorized contractor. The fee is $75 to become an authorized contractor for both programs.
Questions? Contact Michigan Saves at (517) 484-6474 or send an e-mail to registration@michigansaves.org.
Contractor Training
All contractors must have at least one employee attend the Michigan Saves training in order to become authorized. There are two separate training programs– residential for the Home Energy Loan Program and commercial for the Business, Multifamily, and Public Sector programs. You can attend training at any point during the application process. You may complete your training requirement by watching the series of contractor training videos and completing the subsequent review, as shown below.
The Michigan Saves training videos will walk you through the basics on how to use Michigan Saves financing. Please watch the following videos from top to bottom. The residential training will break off to the left and the commercial programs to the right. When finished, please complete the review at the end to fulfill your training requirement.
All Contractors
Start Here
Residential Contractors
Commercial Contractors
All Contractors
Resume
Training Review
Select one of the options below to complete the review to fulfill your training requirement. If you are applying to both programs, please complete both options.
Michigan Saves wants to ensure that you have all the tools you need to market and talk about financing with your customers.
Electronic versions of Michigan Saves’ marketing material for your quick reference are below. Please don’t hesitate to let us know if you would like printed rack cards, case studies, or contractor identification cards mailed to your office.
Marketing Video
Promotional Flyers
Residential
- DTE Energy gas line extension checklist
- 0% APR financing flyer and reservation form for Lansing BWL residents who have Consumes Energy natural gas
Commercial
- Consumers Energy Commercial Customer Reduced Interest Rate Flyer (0.0% APR)
- DTE Commercial Customer Reduced Interest Rate Flyer (0.0% APR – 2.99% APR)
Logos
Blurb
Michigan Saves is a nonprofit organization that offers financing programs for qualifying renewable and energy-efficiency improvements. Low interest financing is available for Michigan residential, commercial, multifamily, and public energy users. For more information visit www.michigansaves.org.
Customer Stories
Participating Lenders
Michigan Saves financing for all programs is provided by the following authorized lenders. To get started, find a Michigan Saves authorized contractor to get an estimate.
Commercial financing for Business, Multifamily, and Public Sector Energy Financing
| Lender | Minimum | Maximum | Fixed Rate | Term (months) | Counties Served |
| Ascentium Capital | $ 5,000 | $ 250,000 | Starting at 6.99% APR | 60 | All Michigan counties |
| Team Financial | $ 5,000 | $ 250,000 | Starting at 6.99% APR | 84 | All Michigan Counties |
| HBC Energy Capital (NEIF)* | $ 250,000 | Based on credit | Starting at 5.75% APR | 144 | All Michigan Counties |
*For amounts greater than $250,000 please contact Todd O’Grady at 248-701-3018 for available financing options with terms up to twelve years.
Residential financing for the Home Energy Loan Program
Loan terms are one year for every $1,000 up to $4,999. For loans $5,000 and higher, customer may select term up to ten years (or higher if applicable). There are no annual or early repayment fees.
| Lender | FICO Credit Score | Minimum | Maximum | Fixed Rate | Terms (months) | Counties Served |
| FreeStar Financial Credit Union | 640+ | $ 1,000 | $ 15,000 | 4.99% APR | 120 | Genesee, Lapeer, Lenawee, Livingston, Macomb, Monroe, Oakland, St. Clair, Washtenaw, Wayne |
| Genisys Credit Union | 600-639 | $ 1,000 | $ 7,500 | 7.00% APR | 120 | All Michigan counties |
| 640-719 | $ 1,000 | $ 30,000 | 4.99% APR | 120 | ||
| 720+ | $ 1,000 | $ 14,999 | 4.25% APR | 120 | ||
| $ 15,000 | $ 30,000 | 4.25% APR | 144 | |||
| Lake Michigan Credit Union | 640-719 | $ 1,000 | $ 30,000 | 4.99% APR | 120 | All lower peninsula counties |
| 720+ | $ 12,000 | $ 40,000 | 144 | |||
| LAFCU | 600-639 | $ 1,000 | $ 7,500 | 7.00% APR | 60 | Barry, Calhoun, Clinton, Eaton, Gratiot, Ingham, Ionia, Jackson, Livingston, Montcalm, Shiawassee |
| 640+ | $ 1,000 | $ 30,000 | 4.99% APR | 120 | ||
| MSU Federal Credit Union | 600-639 | $ 1,000 | $ 15,000 | 6.90% APR | 120 | Entire lower peninsula for MSUFCU preferred contractor network |
| 640+ | $ 1,000 | $ 50,000 | 4.90% APR | 120 | ||
| $ 30,000 | $ 50,000 | 5.90% APR | 180 | |||
| Washtenaw Federal Credit Union | 640-699 | $ 1,000 | $ 30,000 | 4.99% APR | 120 | Washtenaw |
| $ 30,001 | $ 40,000 | 5.24% APR | 180 | |||
| 700+ | $ 1,000 | $ 30,000 | 4.25% APR | 120 | ||
| $ 30,001 | $ 40,000 | 4.50% APR | 180 |
*This lender does not participate in Loan Application Center. Contact lender directly for details.
Contractors’ 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. Our programs help Michigan residents reduce costs by financing energy-efficiency improvements for their home or commercial property. Michigan Saves authorized contractors have exclusive rights to offer our programs.
What finance rates and terms are available?
Contractors can offer any offer any of our financing programs. There is a separate authorization for commercial and residential. Once authorized for commercial (Business Energy Financing), the contractor is able to offer Public Sector Energy Financing as well as Multifamily Energy Financing. Incentives, such as 0% or 1.99% APR, are program-specific and administered on a first-come, first-served basis until funds are exhausted. Please click the here for a list of authorized lenders and available rates and terms.
What can I use the financing for?
Eligible measures are program-specific. Contractors can recommend custom energy-efficiency measures as well.
Can I do the work myself?
Only authorized contractors can initiate and process Michigan Saves financing. The contractor’s Michigan Saves Identification Number is the key to start the financing process.
