Local Resort Reduces Energy Costs

This Energy Efficiency Revolving Loan Fund is available to TCL&P commercial and industrial customers to make their businesses more energy efficient by investing in infrastructure upgrades. Applicants complete a pre-qualification application through Venture North’s website and a Loan Review Committee will scores applications based on criteria that includes proven reduction of electric demand at peak times, and completion of a comprehensive energy assessment or audit.

“Venture North is excited to continue partnering with Traverse City Light and Power on this important energy saving program for local businesses,” said Laura Galbraith, Executive Director of Venture North. She noted the loan fund has already financed nine energy efficiency projects for area companies.

“Energy efficiency and helping our business sector reduce power consumption and save on utility costs is a high priority for Venture North and its economic development partners,” Galbraith said.

Learn more about the Energy Efficiency Loan Fund and other business financing programs available through Venture North by visiting its website at www.venturenorthfunding.org