Description
The Michigan Department of Environment, Great Lakes and Energy (EGLE) is seeking information to better understand best practices around financial products and lending practices for energy efficiency projects. The information gathered may be used to assist the State in developing program strategy and possibly a Request for Proposals (RFP) or program application. The program aims to provide grants and loans to conduct commercial and residential energy audits and energy efficiency upgrades and retrofits of building infrastructure.
Key aspects of the program include:
• Maximizing loan volume and leveraging private capital
• Accelerating and maximizing energy savings
• Creating good paying jobs
The program is open to commercial entities and Michigan homeowners, and the State is seeking feedback on the program's attractiveness to lenders and potential barriers or drawbacks.