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Michigan Saves Residential Home Energy Financing
Michigan Saves · Nonprofit program
Loan terms and amounts vary by lender; no single cap stated
Michigan Saves offers statewide home improvement financing through participating contractors and lenders. The program covers many home upgrades, and the official page says common improvements include insulation, air sealing, furnace or boiler replacement, windows, energy-efficient roofs, and appliances.
Program details
How it works
Michigan Saves is a statewide nonprofit financing program. Homeowners start by finding an authorized contractor, getting a quote, and then applying online with the contractor’s six-digit ID number.
What the money covers
The official page says most energy improvements can be financed, and that common residential improvements include:
- Insulation
- Air sealing
- Furnace or boiler replacement
- Windows
- Energy-efficient roofs
- Appliances
The page also lists a large set of eligible improvements, including roofing only when installed with solar photovoltaic systems.
Amounts and matching
The reviewed page does not state a single loan maximum or interest rate because actual rates, terms, and loan amounts vary by lender and creditworthiness.
How to apply
- Find an authorized contractor
- Get a quote
- Apply online
- Work with the lender after approval
Timing and deadlines
No application deadline is stated on the reviewed page.
Notes
Michigan Saves says there is no penalty for early repayment. The program also says it may finance improvements that are not energy-related if they are necessary to complete a qualified energy project.
Full eligibility details
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