City of Milwaukee - Milwaukee Shines Solar Financing (Wisconsin)

From Open Energy Information

Summary

Last modified on February 12, 2015.

Financial Incentive Program

Place Wisconsin


Name City of Milwaukee - Milwaukee Shines Solar Financing
Incentive Type Local Loan Program
Applicable Sector Residential, Multi-Family Residential
Eligible Technologies Solar Water Heat, Photovoltaics
Active Incentive Yes
Implementing Sector Local
Energy Category Renewable Energy Incentive Programs





Start Date 2011-07-28




Maximum Incentive 20,000



Program Budget $2 million



Terms Interest Rate Maximum: Prime + 2.25%

Interest Rate Minimum: Prime + 1.5%
Loan Length: 15 year maximum

Program Administrator Summit Credit Union
Website http://city.milwaukee.gov/SolarLoans


References DSIRE[1]


Summary

Beginning July 28, 2011, the City of Milwaukee will be offering low-interest loans for solar energy under its Milwaukee Shines Solar Financing program. Loans are available to homeowners of 1-3 unit, owner-occupied homes in Milwaukee. Interest rate maximum is prime rate plus 2.5%, and as low as prime plus 1.5%. Loans are limited to $20,000 and 15 years. Eligible equipment includes solar electric systems of up to 6 kilowatts (kW) and solar hot water systems of up to 8 panels. Projects must be installed by a Focus on Energy Residential Ally installer. Installers can be found here.


The Milwaukee Shines program is also offering a $1,000 cash-back reward to the first 20 participants in the loan program.


Application information is available on the Milwaukee Shines web site.

Incentive Contact

Contact Name Amy Heart
Department City of Milwaukee
Division Office of Environmental Sustainability
Address 200 East Wells
Place Milwaukee, Wisconsin
Zip/Postal Code 53202
Phone (414) 286-5593


Email aheart@milwaukee.gov




  • 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" Cite error: Invalid <ref> tag; name "DSIRE" defined multiple times with different content