Infographic: How Home Improvement Financing Works

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how home improvement financing works infographic at Evergreen

(View as a downloadable PDF version)

Nobody loves to talk about money. But when it comes to making your home a more efficient and comfortable place to live, you want to know how much it is going to cost you, and what your options are! Let’s walk through financing this example of how a home improvement project that cost $10,000 could actually end up as a monthly payments well below $100, using the available Efficiency Maine rebates and financing options.  

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The Project

In this example project, Evergreen Home Performance performed an energy audit and found this Mid Coast Maine home was in need of:

  • Attic Air Sealing & Insulation

  • Basement Insulation

  • Entry Door Replacement

The total initial cost of the project: $10,000

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The Savings & Rebates

You stand to save between $50 and $$3,500 on qualifying energy upgrades through Efficiency Maine Rebates. (You must be a Maine resident to qualify, and depending on the loan type you may need to meet minimum credit score and debt-to-income ratio requirements.)

$10,000 Project Cost – $2,500 in Efficiency Maine Rebates (basement & attic zones) = $7,500

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For the remaining balance of your project, the Efficiency Maine Home Energy Loans and the National Energy Improvement Fund (NEIF) offer both low and no interest financing options. $5,000 of the project is in home efficiency projects that Efficiency Maine Home Energy Loans can be used for. NEIF EnergyPlus Loans can be used for the entry door replacement portion of the project, at $2,500.

Efficiency Maine Home Energy Loans: borrow up to $15,000 over 10 years with no fees, and interest rates as low as 4.99% APR. 

NEIF: borrow up to $35,000 when using a NEIF approved contractor, at a fixed interest rate ranging from 7.99% to 12.99% APR, based on your credit. 

Estimated monthly payment of remaining balance of $5,000 to be financed through Efficiency Maine over 10 years: $53

Estimated monthly payment of remaining balance of $2,500 to be financed through Efficiency Maine over 10 years: $33

After rebates and employing both financing products this $10,000 project will give you a more comfortable & beautiful home for just $86 a month!

*actual monthly payment will vary based on program(s) used, and approved APR.

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Efficiency Maine & National Energy Improvement Fund (NEIF)

Nationally recognized lenders that we trust & so can you. No gimmicks, no closing costs and we do most of the paperwork for you! 

Evergreen Your Home For Low Monthly Payments

Want to know what your monthly payment would look like for your home improvement project? Get in touch with the Evergreen team today! Learn about all your options by giving us a call at 207-594-2244 or get in touch here.

Want to know how to finance your next home improvement project?

Talk to Evergreen today! 207-594-2244

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From start to finish, our experience was incredible. Justin was extremely helpful. The crew was fast, friendly, and efficient. And most importantly, our home is WAY warmer and our heating is less costly. I'd highly recommend evergreen to anyone looking to upgrade their home!

John S.

South Portland

Evergreen is the "go-to" company for improving the efficiency of your home. There are others to choose from but none so effective, honest, and capable as Evergreen. They did a great quantity of dense packing cellulose to improve our home (both for energy efficiency and for sound insulation) and it was totally successful. They are on-time, helpful, and caring. They clean up to a level that can't be over emphasized. This was the second time we employed them and we'd use them again if the opportunity came. You'll not be sorry to select Evergreen.

Dirk F.

Belfast

Evergreen completed the work at my home thoroughly and professionally. An inspector from Efficiency Maine came to inspect afterwards and described it as "state of the art" and "outstanding". The crew was very pleasant and considerate during the project. Their cleanup each day was perfect. Communications with the office were easy and reliable. I am very satisfied.

Catherine H.

South Portland

Evergreen has insulated two homes that we've owned now and both times we experienced exceptional service and craftsmanship. Our rep, Justin, went above and beyond answering questions and the installation team was attentive to every detail, including pulling out old poorly installed insulation and redoing a bathroom fan that wasn't up to current code. They also left the place spotless every day! Our home is already so much warmer this fall and we are looking forward to using less oil this winter.

Eva G.

Falmouth

I am very pleased with my experience with Evergreen Home Performance. I met several times with Richard Burbank and he was very detailed in his explanations to all of my questions. He provided me with several options for improving the insulation to our home. The team of installers were very professional and respectful of our home. They did a great job of cleaning up every day after the days work and they were also very responsive to all my questions as well as we collaborated to get our home better insulated. It was a pleasure to work with Richard and…

Brian C.

Falmouth

We just finished a large project of air sealing and reinsulating our 1890s basement and attic which had been completely renovated 8 years ago but still felt cold and lacked proper energy assessment and corrections. We met with Justin in December and were very impressed with his knowledge, professionalism and communication skills and knew Evergreen was who we wanted to work with. Dave was our on hands project manager and was excellent. The office staff has been quick to respond and helpful as well when needed.

Emily Gallant

Evergreen did everything they said they would and more. I actually don't mind going into the basement now since they sealed it. The air quality in the house is noticeably better and it's warmer in the winter. We can even store clothing down there where before, whatever was in there would mildew. Even the spider population declined! I used to vacuum so many of them from the corners of the ceilings in the house. Not any more!

Loriel Van Dusen

Evergreen listened and produced a thoughtful evaluation, proposal and comprehensive plan for our attic and basement. They exhibited excellent workmanship, teamwork, and came back as planned after the completion of the job to test the outcomes. Their overall performance as insulation and home improvement contractors is truly outstanding and we highly recommend them.

Susan S.

Saco

We absolutely loved our experience with Evergreen. The team was incredibly kind, professional and great to work with. We're very impressed with the quality of work of the Evergreen team and how easy they made everything! Our house had barely any insulation ahead of this project and the results are amazing. Insulating the attic, walls and basement with Evergreen allowed us to tear a 50-year-old furnace, ductwork and oil tank out of the basement and now heat the home with new heat pumps. Evergreen also added 100 sq ft of clean, new storage space to the attic!

Nick S.

South Portland

We had Evergreen Home Performance of Rockland come in to make our home more energy efficient, and what a TOP notch crew. Brian and his crew did an amazing job from start to finish. Very knowledgeable and professional. We would Definitely highly recommend this crew to anyone who is looking for energy efficiency in their home with a company that truly is an expert and knows how to do a quality job and truly cares about their customer.

Melissa S.

Owls Head

The Evergreen crew from initial inception to installation were professional, on time, and left our place spotless. The end result was exceptional.

John Brown

I cant say enough about this company and the benefits that it created for our family. They are very professional and have effectively re-insulated our home. The heating bill proves the point.

Bob O.

Springvale

Evergreen has a professional and reliable team of people who do excellent work. If you want the best of the best in the area, select Evergreen to accomplish your insulation needs.

Mary E.

St. George

Evergreen did a fantastic job replacing 28 windows in our house. They were friendly, courteous, and very detail oriented. Brian did a great job planning, estimating and executing the project. Our energy use has dropped significantly since the work was done.

Alex B.

Kittery

Working with Brian and with Nate and the rest of the crew was a pleasure. They made everything very easy and understandable. This was a major renovation and they were always at the ready with a lot of information. We had an extensive renovation on the basement which was a dirt basement and it came out beautifully. We can already tell from all of the insulation work what a difference it's made in sound and temperature. Brian worked with me on the rebates that are available when you do this kind of work. I would highly recommend this company to…

Valerie L.

Rockland

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190 Riverside St. #2A,
Portland, ME 04103

315 Main Street, Ste. 205,
Rockland, ME 04841

207-594-2244

info@evergreenyourhome.com