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City of Detroit - SmartBuildings Detroit Green Fund Loan

Last Review: 2013-06-11
Incentive Type: Local Loan Program
Eligible Efficiency Technologies: Lighting, Chillers, Furnaces, Boilers, Heat pumps, Central Air conditioners, Heat recovery, Steam-system upgrades, Caulking/Weather-stripping, Building Insulation, Windows, Doors, Roofs, Custom/Others pending approval, Solar Water Heat, Photovoltaics, Wind, Hydroelectric, Geothermal Heat Pumps, Other Distributed Generation Technologies
Applicable Sectors: Commercial
Terms: Borrower must have a minimum 10% equity contribution to project
1% processing fee
Website: http://www.degc.org/special-initiatives.aspx/smartbuildings-detroit-program-2

Summary:

Note: This program is no longer accepting applications. Check the program web site for information regarding future solicitations.

The Economic Development Corporation (EDC) of the City of Detroit is offering financial assistance to commercial, institutional, and public buildings in Detroit that install energy efficiency and renewable energy technologies. Loans are available for up to 40% of the cost of eligible improvements, up to $100,000. Eligible technologies include building insulation, glazing treatments, windows, doors, weatherstripping, insulated roofs, solar panels, geothermal installations, wind, hydroelectric, thermal load reduction, HVAC, interior and exterior lighting, humidification, and low flow water/plumbing projects. Other technologies may also be eligible for funding. In order to apply for financial assistance, contact the Program Manager listed below.

Applicants may use funding from this grant program in combination with the SmartBuildings Detroit Grant Program.

This program is part of the U.S. Department of Energy's (DOE) Better Buildings Program. The DOE has awarded over $500 million in federal funds to more than 40 states, local governments, and organizations to administer local programs targeting a variety of building types. Combined, these local programs are expected to improve the efficiency of more than 170,000 buildings through 2013 and save up to $65 million in energy costs annually.

 


Contact:
SmartBuildings Detroit
City of Detroit
500 Griswold
Suite 2200
Detroit, MI 48226
Phone:(313) 963-2940 Ext.
Phone 2:()
Email: scottveldhuis@degc.org
Web site: http://www.degc.org

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