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Power Outages: 231.922.4940

On-Bill Financing

Traverse City Light and Power is proud to offer its residential customers a program designed to help improve your home’s efficiency while saving you money on your utility bills. Now you can finance these projects and make your payment to TCLP with your monthly electric payment!

Applications can be found by clicking the links below:

For more information call us at 231-922-4940 or email

TCLP’s On-Bill Financing Report can be found by clicking the link below: 

Loan Details


Any Traverse City Light & Power residential customer.

Loan Type

Unsecured consumer loan. Notice of the loan is recorded with the county register of deeds. Any unpaid amount can be added to property tax bill and enforced through a tax lien foreclosure process.

Transfer of Loan

If property is sold, the loan can stay with the property if agreed upon by buyer.

Eligible Improvements

Qualifying energy-saving home improvements installed by an authorized contractor. A whole-home assessment with diagnostic testing is required for each financed project. Currently renewable energy and EV charging stations are not allowed as an eligible improvement for on-bill financing. TCLP strongly believes these are very important projects and are working on ways to help make these projects a reality for you. We will update this webpage as we have more information. In the meantime, please take a look at our Residential Rebates webpage to apply for rebates on these and many more energy-saving projects.

Loan Amounts

$5,000–$30,000. Multiple loans per customer are allowed if the total amount financed does not exceed the maximum allowable loan amount. Multiple loans are consolidated into one loan at the current interest rate.

Loan Term

Up to 10 years or useful life of the measure, whichever is less.

Loan Rates

3% interest rate for loan terms up to 120 months.

Repayment Mechanism

Customers repay the loan through a per-meter charge on the monthly TCLP bill for electric services. The payment is considered part of the charges for electric services to the property. There is no penalty for early repayment.

Key Underwriting Criteria

Twelve consecutive months with no delinquencies on electric utility bill payment history. If an applicant has no more than one delinquency in the past 12 months, TCLP may pre-approve the applicant if there is no more than one delinquency in the last 24 months or the applicant has a credit score of 640 or higher. Applicants should not have any delinquent taxes, bankruptcies within the last three years (from discharge), foreclosures, repossessions greater than $1,000, or unsatisfied money judgements.

Loan Agreement

The loan agreement is between TCLP and the customer. Upon completion of the energy-efficiency improvements, TCLP pays the contractor directly and the loan payments begin.

Eligible Properties

Single-family (one- to four-unit) homes. Rental/income properties are eligible provided the landlord meets program requirements.