Financial Incentive information for Michigan is provided by the Database of State Incentives for Renewables and Efficiency (DSIRE Michigan) and State Energy Office contacts. Information about additional incentives not present on DSIRE is listed here.
Small Business Pollution Prevention Loan Program
The Small Business P2 Loan Program (P2 Loan Program) provides loans of up to $400,000 at an interest rate of 5% or less for existing independently owned businesses with 500 or fewer full time employees. Projects that qualify for funding under the P2 Loan Program include those that either eliminate or reduce waste at the business location (source reduction), result in environmentally sound reuse and recycling for the loan applicant's generated wastes, or conserve energy or water on-site. Funding for the P2 Loan Program comes from a revolving loan fund, made possible through passage of the Clean Michigan Initiative in November of 1998. Low interest loans are available to all Michigan businesses including manufacturing, farming, retail and service industries.
The AgriEnergy Program provides loans between $20,000 and $500,000 at an interest rate of 4% for family farms to implement energy efficiency and renewable energy projects as recommended in their Farm Energy Audits. The loans are limited to materials, supplies and equipment costs only.
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