Energy Revolving Loan Fund - Public Entities

In January 2010, Michigan enacted the Public Act 242 of 2009, which established the Energy Efficiency and Renewable Energy Revolving Loan Fund Program. The Public Entities portion of the loan program is available to cities and villages located in Michigan for energy efficiency and renewable energy systems. Applicants are evaluated based on minimum credit standards. Program funds cannot be used for any costs incurred before the date of the loan agreement. The following size restrictions apply for wind, solar thermal water heat, and ground source heat pumps: Wind: 20 kW or smaller Solar Thermal: 20 kW or smaller Ground Source Heat Pump: 5.5 tons of capacity or smaller Applications are available on the program web site and must be submitted to the Michigan Economic Development Corporation.