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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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

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

John Brown

Evergreen removed and replaced the insulation in my attic. They did a great job!, Crew was excellent, and the whole thing went smoothly, and the attic was NOT easy to get into or work in, so kudos to some hard work done well!

Joel A.

Portland

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

Evergreen did a fantastic job insulating our 1930's home. The onsite team was professional, clean, and really just a joy to interact with throughout the process. A blower test at the end showed a significant decrease in air leakage. I highly recommend Evergreen.

Kristen H.

South Portland

Thorough, smart, informative, integrated, and communicative -- that's how my experience was with Evergreen even with the covid interruption midstream. The team picked up where they left off, insulated basement and air sealed attic and knee wall in 100' temps under the eaves! This business group was a pleasure to work with.

Karen W.

Gray

A thorough inspection of our (older) house and its energy needs. Competent and personable work crew.

Jacob Watson

Evergreen was so helpful in securing us Efficiency Maine funding for a big attic insulation project early this winter. They did all of the paperwork, and totally guided us through a vermiculite removal process that included a payment from a trust for the procedure. I could instantly feel the second floor being so much warmer than before. The boiler does not kick on nearly as frequently since they completed the job. It was worth every penny! Brian Robinson was so thorough throughout the whole process including a full walk through after the job had been completed.

Todd W.

Camden

We had Evergreen redo the insulation in our roof. The team handling our project did a great job. They left the house spotless. We've already noticed the difference in how much better our house is retaining heat. I would definitely recommend and will use them for future projects.

Ffej C.

South Portland

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

Awesome company. It was a few years ago that they did the audit and then we commissioned them to do the work. We subsequently sold our house and moved to South Africa, but their level of service and expertise will live on.

Odette Brown

We couldn't be more pleased with the easy, professional, high-value service from Evergreen. Having purchased an older home that had been in our family for generations, we needed multiple upgrades, including insulation throughout. Evergreen insulated our attic with blown-in cellulose, built a new, super-insulated attic hatch, sealed off the old one (which was just a piece of plywood in a closet ceiling), and also talked us through our best options to upgrade our heating system given the plans we have to add onto the house.

Tom G.

South Thomaston

Last week, my oil company asked if we were using some other kind of fuel because our usage was so much less than they had expected We are very happy with the results; the house is much more comfortable

Steve T.

St. George

The Evergreen Team did a fabulous job, well exceeding our expectations, In just over a week they transformed our very drafty, noisy 213 year old house into a snug, draft-free, quiet haven with warm floors! The team was prompt, did everything they said they'd do and more. We are thrilled!

Trudy M.

Bridgton

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

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Portland Buy Local
Efficiency Maine
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Building Performance Association
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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