Financing for Energy Savings

Enjoy Low-Interest Financing for Energy Projects

Northern Initiatives has years of experience helping small businesses, manufacturers, and contractors save energy — and money. And now we’ve partnered with Michigan Saves to help small business owners save even more money AND energy.

Michigan Companies Can Enjoy Special Savings

We want to help you conserve energy and keep our environment clean. That’s why we partnered with statewide nonprofit green bank, Michigan Saves, to be a qualified lender and provide businesses with affordable financing for energy improvements.

 

☀️Available Loans: $5,000-$75,000

☀️Rates: As low as 8.75%

☀️Terms: Up to 84 months

Eligible commercial customers may qualify for interest rates as low as 0% APR through an interest rate buydown program. Learn more below. 

Are you eligible?

  • For-profit businesses
  • Nonprofit organizations
  • Anywhere in Michigan

Projects We Love

  • Solar power
  • HVAC
  • LED lighting upgrades
  • Compression leak testing
  • Boilers
  • Electric vehicle charging stations
  • Air compressors
  • Insulation
  • Smart Controls
  • Fuel Cell Technology
  • Refrigeration
  • and More

Full List Here

Colleen Duflo
MI Saves Commercial Lender

cduflo@northerninitiatives.org
(906) 420-0907
Get Started

Interest Rate Buydown

Consumers Energy, DTE, and Semco Energy all can help with interest rates as low as 0% APR for lighting, refrigeration, HVAC and more. They’ll even cover contractor fees! The buydowns are available for all types of businesses.

Contractors Wanted!

Joining our network as a Michigan Saves authorized contractor grants you exclusive rights to offer our tailor-made financing solutions for contractors to both residential and commercial customers. Click here for the qualifications and application.

MI Saves requires a credit score of 680.

 

 

Startups are not eligible; a business must have two years of experience to qualify.