| Implementing Sector: | Local |
| Category: | Financial Incentive |
| State: | Wisconsin |
| Incentive Type: | Loan Program |
| Web Site: | http://city.milwaukee.gov/MilwaukeeShines#.VRw1e-G86W4 |
| Administrator: | Summit Credit Union |
| Start Date: | 07/28/2011 |
| Eligible Renewable/Other Technologies: | Solar Water Heat, Solar Photovoltaics |
| Maximum Loan: | $20,000 |
| Loan Term: | Interest Rate Maximum: Prime + 2.25% Interest Rate Minimum: Prime + 1.5% Loan Length: 15 year maximum |
| Technologies: | Solar Water Heat, Solar Photovoltaics |
| Sectors: | Residential |
| Parameters: | The incentive has a maximum of $20.00 |
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 the 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. Eligible expenses include All equipment, labor, permits, and interconnection fees. Also, structural reinforcement and re-roofing expenses if part of the solar project.
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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No money down, 100% finance is available.
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Welcome to the Solar QC Website. This site equips homeowners with information regarding the most effective solar products and provides access to expert solar installers and manufacturers. The information listed in the Terms & Conditions provides a list of the services provided by solarqcgroup.com with specific user obligations in reference to content, conduct, company disclaimers, copyright, and privacy. The Terms & Conditions described are designed to protect the users and solarqcgroup.com. By accessing this website, the user automatically agrees with the content of the Terms & Conditions.
A solar PV system is custom-designed for your home. Final solar system price may vary based on your location, monthly utility bill, government incentives and rebates, the condition of your home, and local installation prices. Solar PV system output and estimated savings are calculated based on several factors including product type, system production, geography, weather, shade, electricity use, full utilization of the 30% solar investment tax credit, and utility rate structures and rate increases. Savings on your total electricity costs are not guaranteed. Financing options and terms vary by location, and may not be available in all areas. Solar QC is neither the lender nor the project installer. Solar QC License# 1130591
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