The state is launching the Michigan Climate Investment Accelerator. This means you soon may be able to apply for clean energy loans as part of a $27 billion greenhouse gas reduction fund.

Corey Connelly, Chief Climate Officer in the Michigan Department of Environment, Great Lakes, and Energy, told us what can be done with these loans.

“Upgrade their buildings, invest in energy efficiency and water efficiency, to invest in electric vehicle charging infrastructure, to invest in solar, invest in building electrification like heat pumps to help make sure that homes are cooler in the summer, warmer in the winter, and help people bring their costs down,” Connelly said.

Connelly says the Michigan Climate Investment Fund will have $11 million to support community lenders, which in turn can loan homeowners and businesses money to support clean energy upgrades on their dwellings or facility.

It’s not available yet, but you can find out more at the Michigan Department of Environment, Great Lakes, and Energy website.