Understanding Your Home Improvement Financing Options

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Could you have a vastly more comfortable home year-round for around $100 a month? 

Yes. Read on.  

Making the home upgrades your home needs can’t always wait for a bigger than expected tax return, or a large Christmas bonus. The sooner you can make your home more comfortable and efficient, the more money (and carbon emissions) you stand to save over time. 

This is why Evergreen Home Performance is affiliated with two trusted lenders that work with Mainers, so that homeowners like you don’t have to suffer through living in an uncomfortable home because they are tied to a tight budget. These financing options can help you with the following upgrades:

Energy Efficiency Improvements Financing through Efficiency Maine

When it comes to Maine-specific financing options, Efficiency Maine is the place to start. Efficiency Maine is the state’s independent administrator for programs to improve the efficiency of energy use and reduce greenhouse gases in Maine, and does so by offering financial rebates and incentives, as well as low-interest financing options. 

First off, you stand to save between $50 and $$3,500 on qualifying energy upgrades through Efficiency Maine Rebates. But for the remaining balance of your project, the Efficiency Maine Home Energy Loans allow you to borrow up to $15,000 over 10 years with no fees, and interest rates as low as 4.99% APR. You can even get a breakdown of what your monthly payment would be, as well as browse a list of qualifying upgrades here.

(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.)

Home Improvements Financing through National Energy Improvement Fund (NEIF) EnergyPlus Loans

For projects that require larger budgets or broader workscopes than what would qualify for Efficiency Maine loans, the National Energy Improvement Fund offers similar financing options for homeowners all over the country. This financing option is for heating and cooling systems, roofing and siding, windows and doors, insulation, and even kitchens and bath upgrades. 

With the EnergyPlus Loan, you can borrow up to $25,000 when using a NEIF approved contractor, at a fixed interest rate ranging from 7.99% to 12.99% APR, based on your credit. Utilizing NEIF approved contractors, like Evergreen Home Performance, protects you from unsatisfactory craftsmanship, and NEIF’s immediate approval decisions and transparent communication make this a great option.

Know Your Options, with a Free Consult

Getting a clear picture of the entire scope of your home improvement project can be daunting. If all you know is that something about your home needs improving, Evergreen Home Performance is here to help. As a company of local Mainers dedicated to better buildings through science, we can offer you a free consultation to get you on the right track. 

One of our Home Energy Advisors will meet with you to discuss the current state of your home comfort and efficiency. Then we will do a brief scan of your home using infrared imaging, and put together a consult summary that outlines our recommended next steps, estimated costs, and how to achieve your goals with affordable monthly payments. 

You don’t need to empty your savings account in order to save on your monthly energy bills. Learn about your options with Evergreen Home Performance. Call 207-594-2244 or get in touch here.

Looking for an easy way to understand home improvement financing options?

We’re here to help. 207-594-2244

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

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

We had Evergreen come out to our tiny old (100+ year old) house to see what they would recommend for decreasing our carbon footprint, saving money, and increasing our comfort in the cold season. Richard and Bryan were great to work with, patiently answering our many questions and walking us through multiple options. We could only afford to tackle a few areas this year; we ended up replacing some windows and having them weatherize the entire house.

Alan M.

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

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

This team of individuals was professional at all times. They set up barriers that kept the dust at a minimum. They conducted an air flow audit and cut the draft circulation from the outside in half by sealing cracks. They hauled out the old insulation and replaced it with blown in insulation with an R - 60 Value. They also did the rebate paperwork so that I could get my $1500.00 rebate from the state of Maine. I highly recommend Evergreen Home Performance!

Daniel B.

Rockland

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

I made the mistake of NOT hiring this company last year when I bought and renovated my home. I have brought them in now and what a difference. This group knows what they are doing. They take a complete look at everything and believe they can make your home more energy efficient. They are very professional in the way they approach problems and solutions. And they find ways to save me money. Don't bother with anyone else. Bring Evergreen in before you do anything. Let them assess your issues and give you the right solutions.

Shaw

Owls Head

We needed basement encapsulation to stop moisture coming up into the house from our regularly flooding basement. We had mold growing on windowsills and furniture. All the staff were friendly, respectful of our home, and easy to work with. Humidity has gone from 70% down to 40% and mold has not grown back after two months. Very grateful.

Sarah C.

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

Greetings one and all! I am writing to express my gratitude to all involved in my insulation project.  From start to finish, I appreciate the universal theme which was maintained by each and every one of you, to ensure that my home was insulated and protected from freezing pipes as if it was your home. Andrea, thanks for helping me navigate my way to the project. Nate, thanks for the thorough initial assessment and the time you took to explain this project to me, step by step. Brian, thanks for setting up my project - so happy

Michele

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 have always been impressed by the high level of service, quality of work, and excellent follow-through provided by Evergreen Home Performance in the three projects that they completed at the Wells Reserve at Laudholm over the past several years.

Paul D.

Wells

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

Great team!

George S.

Bath

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