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, insulation company or registered heating contractor, 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 include at least one eligible measure from the prescriptive list or have a total projected whole home savings greater than or equal to 20% as determined by an energy model. Popular prescriptive list measures that meet the minimum requirement for financing include: an energy assessment and a minimum of 6 hours of air sealing  work, comprehensive insulation projects as recommended by an energy advisor, eligible heat pumps, pellet and wood stoves, high efficiency central  boilers, and furnaces. As long as at least one highly cost-effective eligible measure is included in the project, additional energy saving upgrades as well as health and safety improvements can be included in financing. Details on eligible scopes of work can be found on the Energy Loan Scope of Work Form.

Efficiency Maine offers a variety of loan types to meet your financing needs and monthly budget.

  • Efficiency Maine ENERGY LOANS are available statewide providing quick easy loans as low as $1,000 and loans for larger projects up to $25,000  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.