Description

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.

Projects must be over $5,000 to qualify and can cover equipment replacements, facility improvements or new construction. Interest rates are either fixed annually or floated with the LIBOR.  Interest rate resets will be conducted annually in April of May.  Monthly repayment billings appear as line items on participants’ energy bills. Participants will have to pass a credit review and provide project information. Contact MGE for more information regarding this program.