Financing Solutions

Efficiency Maine offers a variety of energy loans to help you pay for energy upgrades. All of our loans are low-interest, long-term loans with no fees.  The application process is simple and quick. Often, annual energy savings exceed the cost of monthly loan payments in the very first year.

Popular loan projects include energy assessments, air sealing, insulation, high efficiency boiler or furnaces, energy star appliances, water heaters, windows, doors, pellet stoves, wood stoves, and ductless heat pumps.  Additional energy or health and safety measures may be included with qualifying energy saving projects such as dealing with water issues in basements, crawl spaces, and attics; mold mitigation; radon mitigation; and asbestos remediation.  With your energy advisor, determine a scope of work that will result in energy savings, comfort, and safety year after year.

In order to qualify for financing, the scope of work must either include energy measures with total projected whole home savings greater than or equal to 20% as determined by an energy model or  include an energy assessment and a minimum of 6 hours of air sealing and insulation work with one added measure from the prescriptive list of Home Energy Savings Program. Details on eligible scopes of work can be found on the Energy Loan Scope of Work Form.

Efficiency Maine now offers the PACE, PowerSaver, and unsecured Efficiency Maine Energy Loans

  • Efficiency Maine ENERGY LOANS are available statewide providing very quick closing unsecured loans as low as $1,000 and up to $15,000 over a 10 year term at 4.99% APR.
  • Maine PACE loans are available in more than 180 municipalities and provide up to $15,000 over 15 years at 4.99% APR on any residential property with 1 to 4 living units.
  • Efficiency Maine MICRO LOANS allow homeowners with credit scores as low as 580 to borrow up to $4,000 over 10 years at 5.99% APR to afford the most cost-effective energy saving improvements like air sealing, insulation and ductless heat pumps.

Fill out the online application for all of our loan products here.  Find out more about the loan products and process by clicking here.