Efficiency Maine Green Bank (Draft)
The Efficiency Maine Trust (the Trust) enables a suite of financing offerings for energy projects under one umbrella: the Efficiency Maine Green Bank. Efficiency Maine Green Bank initiatives are, when possible, designed to drive private capital into market gaps for energy efficiency and clean energy equipment and services. These financing tools serve as an important complement to the Trust’s standard discount-based incentive offerings.
Across all its programs, the Trust works to balance the following implementation priorities in its allocation of budget and design of programs: achieving energy savings, transforming the market, reducing the environmental impacts of energy, maintaining fairness and promoting equity, and leveraging the private sector. The Efficiency Maine Green Bank reflects these same overarching goals.
This table represents a list of active finance initiatives by the Efficiency Maine Green Bank and may not represent a full scope of past, future, or intended initiatives.
| Finance Initiative | Description | Web Links |
| C-PACE | The purpose of a C-PACE program is to accelerate installation of energy efficiency and renewable energy improvements on commercial property by facilitating, and improving the terms of, financing for such energy improvements. | Click here to learn more. |
| Home Energy Loans | Efficiency Maine offers a variety of home energy loans to help pay for energy upgrades. | Click here to learn more. |
| Small Business Energy Loans | Financing is available for eligible small business owners upgrading to high-performance heat pumps and variable refrigerant flow (VRF) systems. | Click here to learn more. |
| Manufactured Home Finance Initiative | Financing is available for the balance project costs for a pilot program that helps manufactured homes switch to electrified heating systems. | NA |
Statutory Authority
The Efficiency Maine Trust Act (Title 35-A of the Maine Revised Statutes) includes several references to the Trust’s financing authority. These are:
- § 10105 (General)
- § 10109 (RGGI)
- § 10116 (Small Business Loan Program)
- § 10119 (Heating Fuel Efficiency and Weatherization Fund)