Energy Efficiency Audits & Contracting in Coastal Maine
Efficiency Maine rebates expiring soon!
Efficiency Maine loan programs makes financing easy.
Efficiency Maine offers two long-term, low-interest loans to help Maine homeowners finance energy efficiency projects. Both programs offer 4.99% interest and no closing costs, but there are a few key differences. Check here for a primer on choosing the right loan for you.
PowerSaver: Homeowners can borrow up to $7500, for terms of up to 10 years, with an unsecured PowerSaver loan OR up to $25,000 for up to 15 years (or 20 years if the project includes renewable energy). Backed by the Federal Housing Authority and administered by Efficiency Maine, PowerSaver loans are available to all Maine homeowners.
PACE: Under the Property Assessed Clean Energy Program, homeowners pursuing eligible energy improvements can borrow up to $15,000. The loans have a term of up to 15 years and are transferable upon the sale of a property. Federally funded and administered by Efficiency Maine, the PACE program must be authorized in each municipality before homeowners can apply for a loan. More than 100 Maine municipalities have already adopted the program.
Solar Thermal Program: Efficiency Maine’s Solar Thermal Energy Incentive Program offers 25% of the cost of installing a residential or commercial solar air and water heating system, up to a maximum of $1,000. Earn an additional $500 rebate if you spend at least $2,000 on additional energy-efficiency upgrades.