Letter from the President

Mary Templeton, President and CEO of Michigan Saves

Dear Michigan Saves Partners,

2018 was another year of tremendous growth for us. In just 365 days, we jumped from $100 million in energy financing to more than $172 million—stretching our small nonprofit’s mission to serve residents in every corner of our big, diverse state.

As we continued to grow our portfolio and investments, our team got bigger, too! We were pleased to welcome two new staff members to help us better connect with our network of authorized contractors and promote and elevate Michigan Saves’ brand and profile.

But it isn’t just our organization’s growth that excites us—it’s knowing that more Michigan families and businesses are thriving because of the work that we do. With every energy improvement we finance, we’re helping Michiganders find energy solutions that support their health, safety, and comfort; save money; and reduce their energy footprint. And thanks to our sophisticated credit enhancement, we’re leveraging the money we hold in reserve to spur even more private investment to strengthen our state’s economic future.

As we look to 2019, we’re sharpening our focus on ensuring every Michigander—regardless of their income group or geographic region—has access to needed energy upgrades. We were created to break down barriers and remain committed to that cause. Together, with our partners, we will develop an ever-expanding number of low-cost energy financing improvements to create a clean energy landscape that all Michiganders can benefit from.

The numbers detailed in this report continue to tell our story—one of impressive growth and increasing opportunity for a cleaner, more resilient energy future.

On behalf of the Michigan Saves team, thank you for your support and another fantastic year.

Sincerely,

Mary Templeton

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