Efficiency Maine Green Bank
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 other incentives for residents and businesses.
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.
The following is a representative selection of Efficiency Maine Green Bank finance initiatives. It does not reflect the full scope of all active initiatives, past offerings or initiatives under development.
Commercial Property Assessed Clean Energy (C-PACE)
The C-PACE Program accelerates installation of energy efficiency and renewable energy improvements on commercial property by facilitating a financing arrangement in which borrowed capital is securitized by a property tax assessment with an associated lien on the subject property. Click here to learn more.
Home Energy Loans
Efficiency Maine offers a variety of loan options to help homeowners pay for residential energy upgrades. Click here to learn more.
Contractors who would like to offer Efficiency Maine Home Energy Loans to their customers can find information about getting started here.
Small Business Energy Loans
Efficiency Maine offers a variety of loan options to help small business owners pay for energy upgrades (e.g., high-performance heat pumps and variable refrigerant flow (VRF) systems). Click here to learn more.
Manufactured (Mobile) Home Initiative Loans
Efficiency Maine offers loans to participants of the Manufactured (Mobile) Home Initiative that helps owners of manufactured homes switch to whole-home heat pump systems. Click here to learn more.
Municipal Lease
Municipalities and schools can finance the balance of project costs for energy efficiency upgrades through a municipal lease. Click here to learn more.
Loans for Long-Term Care Facilities
Efficiency Maine has two targeted loan offerings for long-term care facilities: one to finance the balance of qualifying electrification project costs, and another to finance energy audits. Click here to learn more about project loans and click here to learn more about energy audit loans.
To track updates to these finance initiatives, please subscribe to the “Green Bank News and Updates” list here.