Small Business Energy Loans
Administered by: Efficiency Maine
Quick Summary
Small business owners in Maine with electric accounts under 100 kW peak demand can finance high-performance heat pumps or variable refrigerant flow systems through Efficiency Maine at 4.99% interest with loans from $2,000 to $10,000 and flexible terms of 12, 24, or 36 months—with no money down, closing fees, or prepayment penalties. Start by contacting a Qualified Partner contractor to develop your project, then apply online for prequalification and submit your electric utility bill showing your rate class (Small General Service, General Service, or Medium General Service). Once approved, you'll sign loan documents electronically and work with your contractor to complete the installation, which triggers Efficiency Maine's incentive payment to the contractor.
AI-generated summary • Updated 7/12/2026
Program Details
- Program ID
- 22716
- Last Updated
- 1/3/2026
Eligibility
Program Summary
Efficiency Maine provides financing for certain small business owners upgrading to high performance heat pumps and variable refrigerant flow (VRF) systems. Businesses registered as a "Small General Service", "General Service", or "Medium General Service" electricity customer with a peak demand of max 100 kW are eligible. Loans range from $2,000 to $10,000, and terms may be 12, 24, or 36 months. The interest rate is 4.99%.
Contact & Resources
Please verify current program details with the administering agency before making any financial decisions.