Financing for Energy Savings
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. Enjoy low-interest financing for your energy projects.
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 0% with utility interest rate buydown
☀️Terms: Up to 84 months
Rates for projects without interest rate buydown as low as 8.75%.
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
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.
Startups are not eligible; a business must have two years of experience to qualify.
MI Saves requires a credit score of 680.
