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Evergreen customers were among the first to use Efficiency Maine insulation rebates in 2010 and Efficiency Maine financing in 2011. We’ll help you maximize your rebates, then find the payment plan that fits. Save 5% when you finance with the Green Bank or pay cash.
Three steps to your plan and 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, recommend the right work, and maximize your rebates. Then you’ll see what’s left to invest.
Step 3: Decide how to pay
Many customers pay cash. If a loan fits, we’ll help you choose one and do the paperwork. Save 5% either way.
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.
Financing is the last step, not the first. Start with the right improvements and every Efficiency Maine rebate you qualify for. Then look at what’s left to invest and decide whether a loan makes sense. Plenty of our customers pay cash instead. We take 5% off when you finance with the Green Bank or pay cash.
Which loan fits your project?
| Loan option | Term | APR | Max. loan amount | Best for |
|---|---|---|---|---|
| 1-Year, 0% APR | 1 year | 0% | $25,000 | Larger projects (roughly $9,000 and up) you’re confident you can pay off within a year. $500 origination fee applies. |
| 5-Year, 5.99% APR | 5 years | 5.99% | $25,000 | Smaller amounts, or larger ones where 5.99% over five years is attractive. No origination fee and no prepayment penalty. |
| 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 |
The $9,000 mark is a rule of thumb, not a hard cutoff. Below it, the 5.99% loan often costs less, since the 0% loan carries a $500 origination fee. Above it, 0% gets more attractive if you’re confident you can pay it off within 12 months.
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 illustrative examples of how the rebate and loan options above work together. Your numbers will depend on your home and your project.
| Scenario | Project cost | Efficiency Maine rebate | Remaining investment | Amount financed | Loan option | Monthly payment |
|---|---|---|---|---|---|---|
| 1 | $6,000 | $2,150 (any income) | $3,850 | $3,850 | 5-Year, 5.99% APR (no origination fee) | $74 |
| 2 | $12,150 | $2,150 (any income) | $10,000 | $10,000 | 1-Year, 0% APR ($500 origination fee included in payment) | $875 |
| 3 | $10,000 | $3,225 (moderate income) | $6,775 | $6,775 | Income-Based 10-Year, 5.99% APR (income-qualified) | $75 |
Rebates shown are for an attic project with attic air sealing. In scenario 2, the $500 origination fee is built into the monthly payment. Payments don’t include the 5% discount. Rebate amounts and loan terms can change.
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.
