City of Milwaukee - Milwaukee Shines Solar Financing (Wisconsin)
Last modified on February 12, 2015.
Financial Incentive Program
|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|
|Energy Category||Renewable Energy Incentive Programs|
|Program Budget||$2 million|
|Terms|| Interest Rate Maximum: Prime + 2.25%|
Interest Rate Minimum: Prime + 1.5%
|Program Administrator||Summit Credit Union|
|Date added to DSIRE||2011-07-15|
|Last DSIRE Review||2014-10-15|
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.
|Contact Name||Amy Heart|
|Department||City of Milwaukee|
|Division||Office of Environmental Sustainability|
|Address||200 East Wells|
- Incentive and policy data are reviewed and approved by the N.C. Solar Center's DSIRE project staff.