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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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

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

Working with Evergreen was a dream! Professional, knowledgeable, and super clean work. Communication was fast and service impeccable. The bedroom floors in our 1960's split ranch will be warm with the new insulation between them and the garage. Bring on the snow! (not really, but sort of)

Jess Dee Proctor

I cannot say enough great things about working with Evergreen Home Performance. Everything including the initial consultation, the fabulous work crew, the office support and the final resolution was handled in a caring and professional manner. My only regret is that I did not know about them earlier. I enthusiastically recommend Evergreen to anyone with concerns about home energy use.

Darlene R

Bath

We had a fantastic experience working with Evergreen to insulate our roof this winter. Everyone was extremely friendly throughout the process - the crew at our home worked hard, were approachable with questions, and the team leader even showed me around the project to point out specific areas they were working to improve.

Joel Wentz

The Evergreen Team did a fabulous job and was very tuned and responsive to the particular needs we had. The job was done right on budget and we are thrilled with the improved warmth and energy efficiency.

Ira M.

Rockland

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

I was extremely pleased with the professionalism and quality of service that I received from the Evergreen team. I met Richard to discuss options for insulation. I knew immediately that I wanted to do business with them because he did not try to over-sell extra services that I did not need. Dave was the project manager. He was not only kind, but very respectful of my home. I would highly recommend this company.

Darlyann M

Bath

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

Evergreen is a terrific company to deal with. Polite and efficient crews, meeting deadlines and major reduction in our heat bills. They corrected a lot of issues we suffered from doing work with a shoddy building contractor. We would recommend them to anyone.

Mary Carey

In the final stages of selling our home, and with a closing date set, an inspection came across an unanticipated issue in our attic. We quickly called in contractors, but nobody was able to identify the source of the problem. Then we thought of Evergreen. Brian Robinson was on site the next morning and immediately identified the source (a faulty roofing job completed three years earlier which had effectively sealed up portions of the ridge vent and restricted air flow - not easily visible with a quick inspection).

Robin McIntosh

Camden

Really great experience from start to finish with Evergreen. They helped us prioritize what needed to be completed first, and has made a significant difference in our hearing costs already. Plus they were really friendly and considerate to work with!

Amy W.

Kennebunk

Evergreen came back this year to finish insulating our house. We have been remodeling and renovating an 1850s cape for several years. Their employees are very professional and pleasant to deal with. Over several years Brian Robinson has been able to schedule us in for several small areas that needed addressing and finally turning a room we used to close off in the winter into a comfortable usable space. We primarily heat with wood and since Evergreens great work our furnace has only come on ONCE this winter. Fantastic. Really satisfied customer in Thomaston.

Chris F.

Thomaston

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

We are so pleased with the work the team from Evergreen Home Performance did in our home. The project included encapsulation of our basement with a reinforced vapor barrier, installation of a sump pump, spray foam insulation on the walls and insulation of the heating duct work. Everyone at Evergreen was friendly and professional. The project was completed on time and in budget. Our home is much cozier and warmer since the project was completed.

Linda Metzger

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Efficiency Maine
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190 Riverside St, #2A,
Portland, ME 04103

315 Main Street, #205,
Rockland, ME 04841

207-358-3706

info@evergreenyourhome.com