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.
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 Home Heat Pump Lease
Efficiency Maine offers an equipment lease to participants of a pilot program that helps manufactured homes switch to whole-home heat pump systems. Click here to learn more.
Municipalities and schools can finance the balance of project costs for energy efficiency upgrades through a municipal lease. Click here to learn more.
To track updates to these finance initiatives, please subscribe to the “Green Bank News and Updates” list here.