Interest Rate Buydown

Put Your Capital Where It Can Have More Energy

Maintaining a building requires a lot of decision making, including demanding financial ones. Between upkeep, repairs, and the cost of utilities, it can feel overwhelming. What if there was a way to reduce these costs and improve your building’s energy efficiency at the same time? Michigan Saves offers affordable financing for virtually every commercial project.

How does it work? We offer 0% financing so you can preserve your capital for other uses, while still accomplishing your building upgrades. We partner with Consumers Energy, DTE, and SEMCO Energy Gas Company to offer reduced interest rates to commercial, municipal, and nonprofit entities for qualifying energy efficiency upgrades. This financing tool complements typical cash rebates and incentives offered through utilities.

Download the interest rate buydown flyers for:

What Projects Are Eligible?

  • HVAC
  • Lighting
  • Kitchen/cooking equipment
  • Refrigeration
  • Insulation
  • Windows, doors and more

Utility Financing for Multifamily Properties

  • Special financing as low as 0% APR with terms up to 36 months on energy efficiency projects up to $75,000 for Consumers Energy customers
  • Special financing available up to 1.99% APR with terms up to 36 months and 2.99% APR with terms up to 60 months on projects up to $150,000 for DTE Energy customers

Download the multifamily flyers for:

How Does the Process Work?

1 Find an approved Michigan Saves contractor and complete TEAM Financial’s commercial financing inquiry form
2Your contractor will submit a utility incentive reservation application to the local utility

3After TEAM Financial receives your signed documents, first and last payment, and $250 documentation fee, your contractor will be eligible for prefunding
4Your contractor will complete the project and upload a signed certificate of completion and specification sheet to Michigan Saves

Ready to Get Started?

Find an authorized Michigan Saves contractor to help you identify upgrades, apply for financing and start the process today!

Find a Contractor