Home Energy Loan Program

Making energy improvements to your home? The Michigan Saves Home Energy Loan Program provides affordable loans up to $20,000 for energy efficiency and renewable energy improvements. It's an easy process with no home appraisal or equity required. Homeowners can either choose from a list of pre-qualified measures or get a home energy assessment. Work with a Michigan Saves authorized contractor to get started .

Home Mortgage Program (New!)

Purchasing or refinancing a home? The Michigan Saves Home Mortgage Program allows homebuyers and existing homeowners to finance energy and other home improvements as part of a mortgage.

Compare the Home Energy Loan Program and the Home Mortgage Program.

BetterBuildings for Michigan

Michigan Saves is part of a team implementing BetterBuildings for Michigan, a federally funded program to perform intensive energy efficiency drives in specific neighborhoods around the state. BetterBuildings for Michigan provides incentives, financing, and targeted outreach to improve the energy efficiency of homes in a total of 27 neighborhoods located in Grand Rapids, Detroit, the southeast Michigan suburbs, and other communities around the state. This program offers a combination of rebates and financing and will target 11,340 homes in addition to 131 commercial and institutional buildings. The Michigan Saves Home Energy Loan Program is a key feature of the package of services being offered to homeowners through this initiative.

Commercial Program

Michigan Saves currently has a Detroit pilot project, in collaboration with Detroit Development Fund and other partners, with affordable commercial loans available to businesses and nonprofit organizations located in the city of Detroit.

Michigan Saves is designing a statewide financing program for small businesses and nonprofit organizations. The program will be targeted for the retail food sector (restaurants, grocery stores, and convenience stores). The program is expected to be available in early 2012. Click here to sign up to receive program updates.

Other Programs

Michigan Saves was formed to support finance energy efficiency and renewable energy for all types of Michigan energy consumers. To further this goal, Michigan Saves plans to eventually offer custom financing programs for public/institutional customers, renewable energy technologies, and other types of customers or technologies. To keep up with what’s new at Michigan Saves, sign up for our bi-monthly e-newsletter.