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Evergreen has helped homeowners across southern and coastal Maine finance thousands of home energy projects since 2006. We’re a long-time Residential Registered Vendor, happy to help you build a plan that fits your budget. No interest if you pay your loan off in a year.
Three steps to get your Green Bank financing
Step 1: Reach out
Call 207-517-2858 or send us a message. We’ll help you figure out what you qualify for and get you scheduled.
Step 2: Free consultation
We’ll visit your home, give you a full breakdown of pricing, and lay out every rebate and loan option that fits.
Step 3: Pick your plan
Choose the financing that works for your budget, we’ll help you finish the paperwork and get your project underway.
Efficiency Maine Green Bank home energy loans
Through the Efficiency Maine Green Bank, homeowners can borrow up to $25,000 with a few straightforward options. Calculate your monthly payment on the Efficiency Maine site.
Which loan fits your project?
| Loan option | Term | APR | Max. loan amount | Best for |
|---|---|---|---|---|
| 1-Year, 0% APR | 1 year | 0% | $25,000 | Smaller projects you can pay off fast. $500 origination fee applies. |
| 5-Year, 5.99% APR | 5 years | 5.99% | $25,000 | Lower monthly payment than the 1-year option, no origination fee. |
| 10-Year, 7.99% APR | 10 years | 7.99% | $25,000 | Larger projects where the lowest monthly payment matters most. |
| Income-Based, 10-Year | 10 years | 5.99% | $7,500 | Qualifying low- or moderate-income households, see next table |
No collateral required. No application fee and no prepayment penalty. Up to 25% of the loan can cover non-insulation costs tied to the project, things like moisture mitigation, hazardous material removal, or roof repair ahead of attic insulation.
What this could look like for your project
These are real examples of how the rebate and loan options above work together, each based on an actual project size.
| Scenario | Project cost | Efficiency Maine rebate | Financed balance | Loan option | Monthly payment |
|---|---|---|---|---|---|
| 1 | $15,000 | $4,000 | $11,000 | 1-Year, 0% APR | $958 |
| 2 | $12,000 | $6,000 | $6,000 | 5-Year, 5.99% APR | $116 |
| 3 | $10,000 | $6,000 | $4,000 | 10-Year, 5.99% APR (income-qualified) | $44 |
Do you qualify?
| What you’ll need | Standard loans (1-, 5-, 10-Year) | Income-Based 10-Year |
|---|---|---|
| Minimum credit score | 620 | 580 |
| Maximum debt-to-income ratio | 55% | 70% |
| Homeowner requirement | Own the property, principal residence in Maine | Same, plus income eligibility below |
| Income eligibility | Not required | You or a household member must be verified as low- or moderate-income by Efficiency Maine within the past year |
| Installer requirement | Efficiency Maine Registered Vendor (Evergreen qualifies) | Same |
Qualifying for the income-based rate: You qualify if you or someone in your household receives HEAP, SNAP, TANF, or MaineCare, or if your household’s adjusted gross income is at or below $70,000 (single or head of household) or $100,000 (married filing jointly). Submit your documents online, and approval is good for a year.
