One-Stop Efficiency Shop® Financing Helps Customers Go Further with Upgrades
The One-Stop Efficiency Shop® lighting rebate program is designed to provide all the tools you need to help your customers upgrade to a more efficient lighting system that is suitable for their space.
Among those tools are two attractive financing products that provide additional incentive to business owners who are looking for help funding their lighting project:
Commercial Energy Efficiency Loan for Minnesota Businesses
• Interest Rate: 3.9% up to 60 months or 5.99% from 61-120 months
• Maximum Loan: $100,000
• No prepayment penalty
• Closing costs apply
Energy Savings Fund for Minnesota nonprofits
• Interest Rate: 0%
• Maximum Loan: $25,000
• No prepayment penalty
• Maximum Term: 5 years
• Income Limit: None
• Fees: None
Loan payments for projects with paybacks of five years or less are structured to match monthly energy savings, resulting in a neutral cash flow for the business owner.
In 2018, One-Stop will facilitate $7 million in rebates to participating businesses.
For more details on these products or on the rebates and services offered through the One-Stop Efficiency Shop, contact Cindy Kelly at 612-244-2427 or [email protected].