City of Milwaukee - Energy Efficiency (Me2) Business Financing
Last modified on February 12, 2015.
Financial Incentive Program
|Additional Place applies to||Milwaukee, Wisconsin|
|Name||City of Milwaukee - Energy Efficiency (Me2) Business Financing|
|Incentive Type||Local Loan Program|
|Eligible Technologies||Boilers, Central Air conditioners, Chillers, Clothes Washers, Comprehensive Measures/Whole Building, Custom/Others pending approval, Furnaces, Heat pumps, Lighting, Refrigerators, Whole House Fans, Commercial Refrigeration Equipment, Unspecified technologies|
|Energy Category||Energy Efficiency Incentive Programs|
|Amount|| Small Business Financing: $5,000-$20,000|
|Terms||Refer to program website|
|Program Administrator||Milwaukee Energy Efficiency|
|Last DSIRE Review||2013-08-28|
| Last Substantive Modification
to Summary by DSIRE
|References||Database of State Incentives for Renewables and Efficiency|
Milwaukee Energy Efficiency (Me2) offers four different financing options for businesses to implement energy-efficiency projects into their buildings. Businesses must be located in the City of Milwaukee and must plan to reduce energy consumption by at least 15%. Interested businesses should contact Me2 directly or use the Commercial Project Interest Form located on the program web site.
Financing options include:
- Smart Business Financing: This program allows businesses to finance 100% of project costs between $5,000 and $20,00 through a low-interest loan through Summit Credit Union.
- PACE Financing Program: For property owners of rented properties, property owners can finance energy efficiency projects between $20,000 and $5 million and pass savings along to tenants that pay the energy bills.
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.
|Contact Name||General Contact - ME2|
|Department||City of Milwaukee|
|Division||Milwaukee Energy Efficiency|
- Incentive and policy data are reviewed and approved by the N.C. Solar Center's DSIRE project staff.