Expanding Access, Saving Energy, and Gaining Power
For individuals with lower incomes, access to upfront capital is just one of many barriers to achieving energy efficiency. In a continued effort to help more Michiganders access clean energy improvements—especially those with higher energy burdens—Michigan Saves launched a revolving loan and rebate pilot program with DTE in 2019 for residential customers with low to moderate incomes. The program’s combination of a small loan and grant enabled eligible residents in DTE’s gas and electric service territory to make energy-efficiency improvements that will be repaid from their residual utility savings, with no cash outlay.
The program—which targets residents with significant home comfort issues or those with failing or failed equipment—offers low-interest financing and rebates to homeowners, allowing them to receive up to $7,500 in energy upgrades to gain power over their homes’ energy use and save on utility bills. Improvements included equipment upgrades such as high-efficiency air conditioners, insulation, water heaters, furnaces, and more. In total, the program supported 20 customers with critical energy improvements, reducing their energy burdens, providing greater financial security, and improving personal safety and comfort.
Michigan Saves sincerely thanks DTE for funding this important initiative. We also want to recognize Habitat for Humanity of Huron Valley and EcoWorks Detroit for their work in providing key administrative and technical support.