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 complete Efficiency Maine paperwork to qualify you for up to $1500 in cash incentives. Here’s what you can expect:
Save up to $1500 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.
PowerSaver loans: Single-family homeowners can borrow up to $25,000 at 4.99% APR for a 15 year term (or 20 years if the project includes renewable energy).