City of Detroit - SmartBuildings Detroit Green Fund Loan

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Summary

Last modified on June 13, 2013.

Financial Incentive Program

Place Michigan
Additional Place applies to Detroit, Michigan
Name City of Detroit - SmartBuildings Detroit Green Fund Loan
Incentive Type Local Loan Program
Applicable Sector Commercial, Institutional, Local Government, Multi-Family Residential, State Government
Eligible Technologies Boilers, Building Insulation, Caulking/Weather-stripping, Central Air conditioners, Chillers, Custom/Others pending approval, Furnaces, Heat pumps, Heat recovery, Lighting, Roofs, Steam-system upgrades, Windows, LED Exit Signs, Geothermal Heat Pumps, Hydroelectric, Other Distributed Generation Technologies, Photovoltaics, Solar Water Heat, Wind, Other Alternative Energy
Active Incentive Yes

Implementing Sector Local
Energy Category Energy Efficiency Incentive Programs, Renewable Energy Incentive Programs











Funding Source The American Reinvestment and Recovery Act (ARRA) of 2009; State Energy Program




Maximum Incentive 40% of eligible costs, up to $100,000









Terms Borrower must have a minimum 10% equity contribution to project

1% processing fee

Program Administrator Economic Development Corporation
Website http://www.degc.org/special-initiatives.aspx/smartbuildings-detroit-program-2

Last DSIRE Review 06/11/2013
Last Substantive Modification
to Summary by DSIRE
10/26/2011


References Database of State Incentives for Renewables and Efficiency[1]


Summary

Note: This program is no longer accepting applications. Check the program web site for information regarding future solicitations. The Economic Development Corporation (EDC) of the City of Detroit is offering financial assistance to commercial, institutional, and public buildings in Detroit that install energy efficiency and renewable energy technologies. Loans are available for up to 40% of the cost of eligible improvements, up to $100,000. Eligible technologies include building insulation, glazing treatments, windows, doors, weatherstripping, insulated roofs, solar panels, geothermal installations, wind, hydroelectric, thermal load reduction, HVAC, interior and exterior lighting, humidification, and low flow water/plumbing projects. Other technologies may also be eligible for funding. In order to apply for financial assistance, contact the Program Manager listed below.

Applicants may use funding from this grant program in combination with the SmartBuildings Detroit Grant Program.

This program is part of the U.S. Department of Energy's (DOE) BetterBuildings Program. The DOE has awarded over $500 million in federal funds to more than 40 states, local governments, and organizations to administer local programs targeting a variety of building types. Combined, these local programs are expected to improve the efficiency of more than 170,000 buildings through 2013 and save up to $65 million in energy costs annually.


Incentive Contact

Contact Name SmartBuildings Detroit
Department City of Detroit
Division Economic Development Corporation
Address 500 Griswold
Address 2 Suite 2200
Place Detroit, Michigan
Zip/Postal Code 48226
Phone (313) 963-2940


Email scottveldhuis@degc.org
Website http://www.degc.org
     
     


















  • Incentive and policy data are reviewed and approved by the N.C. Solar Center's DSIRE project staff.[1]

References

  1. 1.0 1.1  "Database of State Incentives for Renewables and Efficiency"