Madison Gas & Electric - Commercial Energy Efficiency Loan Program (Wisconsin)

From Open Energy Information

Summary

Last modified on February 12, 2015.

Financial Incentive Program

Place Wisconsin


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
Active Incentive Yes
Implementing Sector Utility
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
Website http://www.mge.com/business/services/financing/


References DSIRE[1]


Summary

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.

<metadesc> Madison Gas and Electric - Commercial Energy Efficiency Loan Program: energy incentive program. </metadesc>

Incentive Contact

Contact Name Business Helpline
Department Madison Gas and Electric
Address 133 South Blair Street
Place Madison, Wisconsin
Zip/Postal Code 53701-1231
Phone (608) 252-7007
Phone 2 (608) 252-7000
Email talksbiz@mge.com
Website http://www.mge.com/business/services/financing/


















  • 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 (DSIRE)"