Why Are My Floors Always So Cold?

Back to Blog

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.  

_____________________________________________________________________________________

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

_____________________________________________________________________________________

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

_____________________________________________________________________________________

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.

_____________________________________________________________________________________

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

Newsletter Signup

CONTACT US TODAY!

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

They were highly recommended. I found them to be very knowledgeable and so helpful, with practical ideas. Despite my not living within their service area, they were generous with their knowledge, describing the usual solutions to correct leaks in my basement, and what the result is likely to be by following path A, B or C, and why. I was discouraged. Talking with Evergreen helped me see that my basement problems are far from insurmountable and really, fairly common in 100-year old homes. There are proven solutions.

Rosalind J

Damariscotta

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

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

I never leave reviews, but had a great experience with Evergreen and wanted to spread the word! In short, we worked with them to insulate our roof this winter and have noticed surprising immediate results. The constant ice dams I have wrestled with are completely gone, and the home is noticeably more comfortable. It's a little too early to tell if our oil bill is going to reduce, but I imagine we will see an impact there as well.

Joel W.

Portland

We initially contacted Evergreen through Efficiency Maine for an energy audit, which was conducted promptly and professionally by Justin McEdward, one of their Energy Advisors who is BPI-certified. After a thorough inspection of our newly purchased home, Justin explained in great detail what we needed and did not need. It was agreed that Evergreen would remove all of the existing attic insulation, which was not adequate, and replace it with blown in cellulose, to a rating of R-60.

Thomas W.

Scarborough

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 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

The crew members from Evergreen Home Performance each made sure to greet us every day, while maintaining their distance in this time of the pandemic. Their work took a total of nine days, spread over three weeks. Even though they were working in multiple rooms of our house, as well as the basement and attic, they were unobtrusive and always cleaned up after themselves every day. The on-sight manager kept us informed of their daily schedule so we'd know which parts of the house they'd be working on.

Bob & Sue

Whitefield

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

I would recommend Evergreen wholeheartedly because of their professionalism, their follow through, and thoughtful project planning.

Jennifer A

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

Several years ago Brian Robinson evaluated the crawl space at my summer home on Islesboro where I knew moisture was becoming a problem. I had done quite a bit of work in the space many years prior with mixed results. When Brian offered some suggestions, they were ideas that incorporated work previously done, and would be a relatively low cost effort to improve the situation. He offered this advice over several phone conversations of some length, informally, and at no charge.

Cliff R.

Islesboro

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

See All Testimonials
Portland Buy Local
Efficiency Maine
EPA Lead-Safe Certified
Building Performance Association
BPI Certified

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

315 Main Street, #205,
Rockland, ME 04841

207-358-3706

info@evergreenyourhome.com