| Implementing Sector | Local |
| Category | Financial Incentive |
| State | Wisconsin |
| Incentive Type | Loan Program |
| Web Site | Milwaukee Shines Loan Program |
| Administrator | Summit Credit Union |
| Budget | $2 million |
| Start Date | 07/28/2011 |
| Cities | Milwaukee |
| Eligible Renewable/Other Technologies | Solar Water Heat, Solar Photovoltaics |
| Applicable Sectors | Residential, Multifamily Residential |
| Maximum Loan | $20,000 |
| Loan Term | Interest Rate Maximum: Prime + 2.25% Interest Rate Minimum: Prime + 1.5% Loan Length: 15 year maximum |
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 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. Installers can be found here. 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.
