While some customers pay for energy efficient upgrades out of pocket, many take advantage of low interest rates to finance their projects. Many banks offer home equity products, and Efficiency Maine offers a variety of long-term loans. However you finance your efficiency upgrades, we work to ensure that your project is affordable and help you qualify for up to $1500 in cash incentives. Here’s what you can expect:
Save up to $1,500 with Efficiency Maine rebates!
Converting to natural gas? Save even more.
In addition to Efficiency Maine incentives, Maine homeowners may be eligible for additional incentives from natural gas utilities, including Unitil, Summit, and Maine Natural Gas.
Efficiency Maine loans make financing easy.
Efficiency Maine offers a variety of energy loans to help Maine homeowners finance energy efficiency projects. All programs offer low interest, long terms, and no closing costs, but there are a few key differences. Check here for a primer on choosing the right loan for you.
PACE loans: Owners of 1-4 unit homes in more than 173 municipalities can borrow up to $15,000 over 15 years at 4.99% APR.
Efficiency Maine MICRO LOANS: These loans allow homeowners with credit scores as low as 580 to borrow up to $4,000 over 10 years at 5.99% APR to afford the most cost-effective energy saving improvements like air sealing, insulation and ductless heat pumps.