Michigan Economic Development Corporation
Michigan Economic Development Corporation
300 North Washington Square
Lansing, MI 48913
Phone: (888) 522-0103
Phone 2: (517) 373-9808
E-Mail: [email protected] Web Site: http://www.michiganadvantage.org/
| Incentive Type | Industry Recruitment/Support |
|---|---|
| Eligible Technologies | Solar Water Heat, Solar Space Heat, Solar Thermal Electric, Solar Thermal Process Heat, Photovoltaics, Landfill Gas, Wind, Biomass, Solar Pool Heating, Anaerobic Digestion, Renewable Fuels |
| Applicable Sectors | Commercial, Industrial, Local Government |
| Incentive Amount | 100% abatement of Michigan Business Tax*, state education tax, personal and real property taxes, and local income taxes |
| Maximum Incentive | None |
| Terms | Tax abatements last up to 15 years, phased out in 25% increments over last 3 years |
| Equipment Standards | None Listed |
| Installation Standards | None Listed |
| Start Date | 07/12/2006 |
| Incentive Type | Local Grant Program |
|---|---|
| Eligible Technologies | Solar Water Heat, Photovoltaics, Wind, Hydroelectric, Geothermal Heat Pumps, Other Alternative Energy, Other Distributed Generation Technologies, Geothermal Direct-Use |
| Applicable Sectors | Commercial, Local Government, State Government, Multi-Family Residential, Institutional |
| Incentive Amount | 25% of eligible costs |
| Maximum Incentive | None Listed |
| Eligible System Size(s) | None Listed |
| Equipment Standards | None Listed |
| Installation Standards | None Listed |
| Start Date | None Listed |
| Incentive Type | Local Loan Program |
|---|---|
| Eligible Technologies | Solar Water Heat, Photovoltaics, Wind, Hydroelectric, Geothermal Heat Pumps, Other Alternative Energy, Other Distributed Generation Technologies, Geothermal Direct-Use |
| Applicable Sectors | Commercial, Local Government, State Government, Multi-Family Residential, Institutional |
| Incentive Amount | None Listed |
| Maximum Incentive | 40% of eligible costs, up to $100,000 |
| Eligible System Size(s) | None Listed |
| Equipment Standards | None Listed |
| Installation Standards | None Listed |
| Terms | Borrower must have a minimum 10% equity contribution to project 1% processing fee |
| Incentive Type | PACE Financing |
|---|---|
| Eligible Technologies | Solar Water Heat, Solar Space Heat, Photovoltaics, Landfill Gas, Wind, Biomass, Geothermal Heat Pumps, Geothermal Direct-Use |
| Applicable Sectors | Commercial, Industrial |
| Incentive Amount | None Listed |
| Maximum Incentive | None Listed |
| Eligible System Size(s) | None Listed |
| Equipment Standards | None Listed |
| Installation Standards | None Listed |
| Start Date | None Listed |