Efficiency Maine - Home Energy Loans

Efficiency Maine offers a variety of home energy loans to help customers pay for energy upgrades. Maine homeowners of any-income can borrow up to max $25,000 over 10 years with interest rates fixed at 7.99% APR. Eligible upgrades include heat pumps, insulation, and air sealing. Certain income-eligible households are eligible for up to $7,500 over 10 years with an interest rate fixed at 5.99% APR. Only upgrades eligible for a residential rebate, including heat pumps, insulation, boilers, as well as water heaters and clothes washers, are allowed.There are no application fees associated with these loans. A late payment is administered that is 5% of the amount due or $10, whichever is less.For more information, and to apply for a loan, go to Efficiency Maine's website.