Michigan Saves is a nonprofit organization dedicated to making energy improvements easy and affordable for all types of Michigan energy consumers – businesses, schools, municipalities and residents.  Endowed with an initial trust fund of $6.5 million from the Michigan Public Service Commission, this program provides a streamlined process for securing financing at preferred rates.

Under the Michigan Saves Home Energy Loan Program, eligible home improvements are limited to those identified by Michigan Saves authorized contractors.  (i.e., home energy auditors and contractors installing qualifying improvements to homes) through either of the following options:

• A la carte eligible improvements (a’la carte option):  Homeowner selects one or more improvements on the Michigan Saves eligible measures list.  This option is designed for homeowners in need of quick improvements, such as a replacement furnace.

• Whole house energy assessment (whole-home option):  Comprehensive home energy assessment is performed by a certified home energy auditor, who explains recommended improvements, expected payback, and financing options.  Customers can choose to finance any improvements recommended by the assessment.