Focus on Energy offers incentives to owners of existing apartment and condo buildings who make energy efficiency improvements. The program offers a combination of technical assistance, prescriptive equipment rebates, and custom incentives based on the amount of energy that a project saves. Eligible equipment generally includes energy efficient appliances, HVAC equipment, building shell improvements, and lighting measures. Incentives are available for common area and building improvements, as well as certain improvements made in individual dwelling units.
Marshfield Utilities offers cash-back rewards for Ground Source Heat Pumps, as well as Focus on Energy program incentives. A rebate of $550 will be given to customers who purchase and install qualifying Ground Source Heat Pumps. Systems must meet the equipment standards of the program in order to receive a rebate. Contact Marshfield Utilities for more information and program requirements. Customers should view the Focus on Energy program web site to view a variety of other equipment rebates.
Madison Gas and Electric (MGE) offers business customers a loan for energy efficiency projects. Customers use a Shared Savings Loan from MGE to finance improvements, with the money saved from improvements used to offset the cost of repaying money provided by MGE.
'''''Note: The Federal Housing Financing Agency (FHFA) issued a [http://www.fhfa.gov/webfiles/15884/PACESTMT7610.pdf statement] in July 2010 concerning the senior lien status associated with most PACE programs. In response to the FHFA statement, most local PACE programs have been suspended until further clarification is provided. '''''
Focus on Energy offers financial incentives to eligible business customers who install many types of qualifying energy efficient equipment in existing buildings. The program offers both prescriptive incentives for a variety of specific improvements and custom incentives for improvements that do not fall under any of the prescriptive listings. In order to receive awards participants must be a customer of a participating electric or gas utility (i.e., participating gas utility for gas incentives and participating electric utility for electricity incentives).
Businesses relocating to Wisconsin or expanding in Wisconsin that are creating full-time employment may be eligible for The Jobs Tax Credit . Jobs created as a result of the tax credit must be maintained for at least five years after an eligibility date set by WEDC.
In February 2004, the Wisconsin Public Service Commission adopted interconnection standards for distributed generation (DG) systems up to 15 megawatts (MW) in capacity. All investor-owned utilities (IOUs) and municipal utilities are required to abide by the standard provisions. Electric cooperatives are encouraged -- but not required -- to adopt the state standards. The rules categorize DG systems by capacity and provide for several levels of interconnection review, as follows:
Industrial Revenue Bonds (IRB) are tax-exempt bonds that can be used to stimulate capital investment and job creation by providing private borrowers with access to financing at interest rates that are lower than conventional bank loans. The IRB process involves five separate entities – the borrower, lender, bond attorney, issuer, and WEDC. WEDC allocates the bonding authority or the volume cap for the program under Wis. Stat. § 238.10.
WEDC may provide forgivable loans to businesses that have expansion projects that will have a significant impact on job creation, job retention, capital investment, and on the surrounding area as a whole. Loans may be up to $2,000,000 and may be forgiven if contract requirements are met for high performing projects.
WEDC will direct Impact Loan funds to the following targeted industry sectors:
- Advanced manufacturing
- Food and beverage processing
- Research and Development