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how home improvement financing works infographic at Evergreen

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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 walk on warmer floors?

207-594-2244

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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

Thanks Evergreen Home Performance for helping to make our home more efficient. Many thanks as well to Bryan for the initial walk through and recommendations to make our home more efficient and to Dave, Roland, and Jacob for a job that was done professionally and courteous.  We were amazed at the level of efficiency and everyday they made sure to protect our floors, carpets, and furniture. We had daily discussions with Dave about progress and what was being done and where they were at in the project.

Carol Fink

Evergreen did an amazing job insulating our historic home. Their professional staff worked hard to ensure the tough areas in the attic were covered, and clearly communicated their progress. We are seeing the results with our discounted heating bills. Thank you, Evergreen!

Melissa Knoll

Portland

First we have Evergreen do a BIG project worth about $20K (windows, basement, insulate & rebuild an entire wall, a door, attics, and air sealing). They were so great we had them come back later when we decided we did want to do our other door. They are professional and do great work. They take care of your home and are trustworthy, and on top of all that friendly! I highly recommend you call them!

Garreth C Debiegun

The Evergreen team was amazing from initial assessment and planning to the crew that came to complete the work. Our basement encapsulation is the best money we've spent on our house by far. The work was thorough and high quality. And what a wonderful group of people to work with. I highly recommend Evergreen!

Martha Bracy

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 Evergreen energy do blow-in cellulose. I was very happy with the result. They tested with blower-door before and after. House is now MUCH warmer. Also, in the time since when I've had to open walls for various access, I've been impressed with how they got the insulation packed in everywhere. I'd use them again.

Noah

Peaks Island

The folks at Evergreen did a great job fixing a rather major insulation problem in my house, which they helped identify with a great audit. When the work began, they were thorough, upbeat, and -- dare I say it -- efficient. I strongly recommend them.

Michael Williams

I was very impressed by the professionalism of this company and the workers. Brian R. was very prompt in replying to my questions; the crew was meticulous in all parts of the work and attentive to the safety aspects concerning Covid; and Brian was extremely thorough in the final inspection. My attic is now snug and warm and I've noticed that the second floor is warmer as well.

Julia S.

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

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

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

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

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

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

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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