Ten simple steps to a more comfortable home with lower energy bills:
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Hire a Participating Energy Advisor to conduct a home energy assessment. Find a list of advisors HERE. |
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Initiate loan process Call Efficiency Maine at 1-866-376-2463 or APPLY ONLINE to prequalify for a loan. If you qualify, a loan application will be mailed to you. |
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Price out your job And if your contractor is not yet a REGISTERED VENDOR, ask them to register using this FORM. |
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Submit paperwork Send Efficiency Maine your contractor’s quote, along with your completed loan application materials. |
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Sign loan documents Upon loan approval, a finance representative will schedule an in-home loan closing. |
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Receive funds to start job The week following the closing, receive 30% of the project cost to use as an initial payment for the work. |
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Complete upgrade |
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Verify work Once the work is finished, schedule a return visit by your Participating Energy Advisor to make sure the project was completed as specified. |
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Submit your project completion form |
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Receive remaining funds Efficiency Maine will release the balance of your loan to pay contractor(s) for the work. |
You can take 5, 10, 15 or in some cases 20 years to pay back the net loan balance after incentives. Efficiency Maine will send monthly loan repayment statements.
With a Maine PACE Loan, if you ever decide to sell your home, you can choose either to pay off the remaining balance or transfer the loan to the next owner.
