News Column

Mich. Loan Program Boosts Small-business Energy Efficiency

Nov. 30, 2012

Frank Witsil

In an effort to tout the Michigan Saves Business Energy Financing Program, Gov. Rick Snyder plans to visit Hiller's Market in Northville today.

The new program offers Michigan businesses that use authorized contractors low-interest financing of $2,000-$150,000 to purchase energy efficient lighting, heating and cooling systems, refrigeration and equipment.

The business financing program expands the Michigan Saves initiative that initially was set up to encourage and assist homeowners to make their homes more energy efficient.

"Now, the governor is launching the business side of it," Michigan Saves spokeswoman Megan Brown said.

Snyder is touring Hiller's because it was the first Michigan business to take advantage of the program. In addition to the low-interest loans, Brown said, additional incentives are being offered to businesses in the food industry.

Buildings that are owned or occupied by businesses or nonprofit organizations located anywhere in Michigan are eligible to participate in the program.

To find authorized contractors and to apply, go to www.michigansaves.org, or call Michigan Saves Project Coordinator Todd O'Grady at 734-794-2126.



Source: (c)2012 the Detroit Free Press Distributed by MCT Information Services


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