Madison Gas & Electric - Commercial Energy Efficiency Loan Program (Wisconsin)
Last modified on February 12, 2015.
Financial Incentive Program
|Name||Madison Gas and Electric - Commercial Energy Efficiency Loan Program|
|Incentive Type||Utility Loan Program|
|Applicable Sector||Commercial, Industrial|
|Eligible Technologies||Custom/Others pending approval, Furnaces, Water Heaters|
|Energy Category||Energy Efficiency Incentive Programs|
|Amount||$5,000 and larger|
|Maximum Incentive||Loans over $100,000 are continuous instead of annual|
|Terms|| Rate: fixed annually or floated with LIBOR|
Repayment: up to 10 years
Madison Gas and Electric (MGE) offers business customers a loan for energy efficiency projects. Customers use a Shared Savings Loan from MGE to finance improvements, with the money saved from improvements used to offset the cost of repaying money provided by MGE.
Projects must be over $5,000 to qualify and can cover equipment replacements, facility improvements or new construction. Interest rates are either fixed annually or floated with the LIBOR. Interest rate resets will be conducted annually in April of May. Monthly repayment billings appear as line items on participants' energy bills. Participants will have to pass a credit review and provide project information. Contact MGE for more information regarding this program.
|Contact Name||Business Helpline|
|Department||Madison Gas and Electric|
|Address||133 South Blair Street|
|Phone 2||(608) 252-7000|
- Incentive and policy data are reviewed and approved by the N.C. Solar Center's DSIRE project staff.