Home Energy loans are available for Michigan through Michigan Saves. Michigan Saves is a nonprofit dedicated to making energy improvements easier. Most of our customers who financed energy loans got approved and at 4.99 interest rate. Partial eligible improvements list include insulation, doors, windows, furnace replacements and water heater replacement. Click here to view total list. The gist of the loan program is that energy savings would contribute to monthly payments. Customer can achieve at least 15% savings by doing attic insulation, rim joist insulation and air sealing measures. The benefit would be even more when a furnace is replaced with high energy.