Michigan § 18.1723 - Energy performance contract; provisions; extension; limitation.
Full text of Michigan Michigan Compiled Laws § 18.1723 — Energy performance contract; provisions; extension; limitation., with citation guidance and answers to common questions.
§ 18.1723. Energy performance contract; provisions; extension; limitation.
(1) Each energy performance contract shall provide both of the following:
(a) All payments between the parties, except obligations on termination of the contract before its expiration, shall be made over time.
(b) The objective of the energy performance contract is implementation of cost-savings measures and achievement of both utility cost savings and operation and maintenance cost savings.
(2) An energy performance contract and payments under that contract may extend beyond the fiscal year in which the energy performance contract becomes effective, subject to appropriation of money, if required by law, for costs incurred in future fiscal years.
(3) The term of an energy performance contract shall not exceed 15 years or the average useful life of the measures. The term of an energy performance contract may also reflect the useful life of the cost-savings measures.
(4) An energy performance contract may provide for payments over a period of time not to exceed deadlines specified in the energy performance contract from the date of the final installation of the cost-savings measures.
Source: official Michigan text · Last verified 2026-08-27
Frequently Asked Questions About Michigan § 18.1723
What does Michigan Compiled Laws § 18.1723 cover?
Section 18.1723 ("Energy performance contract; provisions; extension; limitation.") is part of the Michigan Compiled Laws, the codified statutory law of Michigan. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Michigan § 18.1723?
A common citation format is "Michigan Compiled Laws § 18.1723" (Michigan). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Michigan law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Michigan official source linked on this page or consult a licensed Michigan attorney.
How does Michigan § 18.1723 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Michigan can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Michigan.