With options as low as $50/month, you can tackle insulation and basement waterproofing upgrades now – locking in today’s historic incentives and starting to save on energy bills right away.
As Maine’s leading expert in Efficiency Maine rebates and energy efficiency loans, Evergreen will guide you through the process, making it simple to build a plan that fits your home and your budget.
Efficiency Maine Green Bank Home Energy Loans
Through the Efficiency Maine Green Bank, homeowners can borrow up to $25,000 with simple, transparent terms:
- 1-Year, 0% APR, up to $25,000 (with $500 origination fee spread over 12 months)
- 5-Year, 5.99% APR, up to $25,000
- 10-Year, 7.99% APR, up to $25,000
- Income-Based 10-Year, 5.99% APR, up to $7,500 for qualified low- and moderate-income households
Key Features of Efficiency Maine Green Bank Financing
- Zero Percent Financing Available: If you’re planning to pay your loan off within 12 months, Green Bank has a new 0% APR option (with a $500 origination fee). For a $10,000 loan, this would be the equivalent of a 5% interest rate!
- Competitive Interest Rates: 5-year and 10-year loans are fixed at 7.99% for all income levels.
- Flexible Loan Terms: Choose between 5- or 10-year repayment plans with no transaction fees (other than the origination fee for the 0% option) or prepayment penalties.
- Generous Loan Amount: Borrow up to $25,000, with up to 25% of the loan eligible for non-insulation expenses such as:
- Moisture or radon mitigation before air sealing and insulating a basement.
- Removing hazardous vermiculite before insulation installation.
- Removing dangerous knob-and-tube electrical wiring before insulation.
- Repairing a leaky roof before installing attic insulation.
- Streamlined Application: Complete the loan process in as little as 10 minutes using a smartphone or computer. Our customer service team is always available to assist if needed!
NEIF EnergyPlus Financing
Evergreen also offers financing through the National Energy Improvement Fund (NEIF), the nation’s only Certified B Corp improvement lender and a US Home Improvement Expert partner.
Benefits of NEIF’s EnergyPlus Loan include:
- Financing for your improvement project from $2,500 to $35,000
- A true fixed rate + fixed monthly payments (no adjustable rate, “teasers,” or surprises)
- 3, 5, or 10-year terms
- No credit card commitment, lien on your home, or home equity required
Real Maine Energy Efficiency Loan Scenarios
Here’s how affordable upgrading your home can really be – these are the types of real-world financing examples that many of Evergreen’s thousands of customers have qualified for:
Scenario 1
Project Cost: $15,000
Efficiency Maine Rebates: $4,000
Financed Balance: $11,000
Monthly Payment (1 year, 0% APR + $500 Fee): $958
Scenario 2
Project Cost: $12,000
Efficiency Maine Rebates: $6,000
Financed Balance: $6,000
Monthly Payment (5 years, 5.99% APR): $116
Scenario 3
Project Cost: $10,000
Efficiency Maine Rebates: $6,000
Financed Balance: $4,000
Monthly Payment (10 years, 5.99% APR): $44
