Wisconsin Incentives/Policies for Renewables & Efficiency |
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Last DSIRE Review: 09/11/2012
Program Overview:
| State: |
Wisconsin |
| Incentive Type: |
Local Loan Program |
| Eligible Renewable/Other Technologies: |
Solar Water Heat, Photovoltaics |
| Applicable Sectors: |
Residential, Multi-Family Residential |
| Maximum Incentive: | $20,000 |
| Terms: | Interest Rate Maximum: Prime + 2.25%
Interest Rate Minimum: Prime + 1.5%
Loan Length: 15 year maximum |
| Start Date: | 07/28/2011 |
| Web Site: |
http://city.milwaukee.gov/SolarLoans
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Summary:
Beginning July 28, 2011, the City of Milwaukee will be offering low-interest loans for solar energy under its Milwaukee Shines Solar Financing program. Loans are available to homeowners of 1-3 unit, owner-occupied homes in Milwaukee. Interest rate maximum is prime rate plus 2.5%, and as low as prime plus 1.5%. Loans are limited to $20,000 and 15 years. Eligible equipment includes solar electric systems of up to 6 kilowatts (kW) and solar hot water systems of up to 8 panels. Projects must be installed by a Focus on Energy Residential Ally installer. Installers can be found here.
The Milwaukee Shines program is also offering a $1,000 cash-back reward to the first 20 participants in the loan program.
Application information is available on the Milwaukee Shines web site.
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Contact:
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Amy Heart
City of Milwaukee
Office of Environmental Sustainability
200 East Wells
Milwaukee, WI 53202
Phone: (414) 286-5593
E-Mail: aheart@milwaukee.gov
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Disclaimer: The information presented on the DSIRE web site provides an unofficial overview of financial incentives and other policies. It does not constitute professional tax advice or other professional financial guidance, and it should not be used as the only source of information when making purchasing decisions, investment decisions or tax decisions, or when executing other binding agreements. Please refer to the individual contact provided below each summary to verify that a specific financial incentive or other policy applies to your project.
While the DSIRE staff strives to provide the best information possible, the DSIRE staff, the N.C. Solar Center, N.C. State University and the Interstate Renewable Energy Council, Inc. make no representations or warranties, either express or implied, concerning the accuracy, completeness, reliability or suitability of the information. The DSIRE staff, the N.C. Solar Center, N.C. State University and the Interstate Renewable Energy Council, Inc. disclaim all liability of any kind arising out of your use or misuse of the information contained or referenced on DSIRE Web pages.
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