City of Milwaukee - Energy Efficiency (Me2) Loan Program
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|Program Name||City of Milwaukee - Energy Efficiency (Me2) Loan Program|
|Program Administrator||Wisconsin Energy Conservation Corporation|
|Sector||Multifamily Residential, Residential|
|Last updated||July 20th, 2015|
Note: A decision on whether to discontinue this program is under review this week. This page will be updated as more information becomes available.
Milwaukee Energy Efficiency is a loan program for residential energy efficiency improvements. Loans are available for owner-occupied single family residences or owner-occupied multi-family residences of up to three units. Property must be located within the City of Milwaukee. To sign up for the program, interested residents should use the sign up form on the program web site. Loans are administered by Summit Credit Union.
This program is part of the U.S. Department of Energy's (DOE) Better Buildings Program. The DOE has awarded over $500 million in federal funds to more than 40 states, local governments, and organizations to administer local programs targeting a variety of building types. Combined, these local programs are expected to improve the efficiency of more than 170,000 buildings through 2013 and save up to $65 million in energy costs annually.
|Loan Term||Unsecured loan|
Up to 15 years amortization
Interest Rate: currently 4.5-5.25%
Fees: No penalties for early payment