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.

<metadesc> City of Milwaukee - Milwaukee Shines Solar Financing: energy incentive program. </metadesc>

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