Efficiency Maine - Home Energy Loans

Last updated: November 12, 2019

Program Overview

Implementing Sector:State
Category:Financial Incentive
Incentive Type:Loan Program
Web Site:https://www.efficiencymaine.com/at-home/energy-loans/
Administrator:Efficiency Maine Trust
Funding Source:Efficiency Maine Trust
Start Date:04/04/2011
Eligible Renewable/Other Technologies:Solar Photovoltaics, Biomass, Geothermal Heat Pumps
Eligible Efficiency Technologies:Water Heaters, Furnaces, Boilers, Heat pumps, Caulking/Weather-stripping, Duct/Air sealing, Building Insulation, Custom/Others pending approval, Insulation, HVAC
Maximum Loan:$15,000
Loan Term:5 or 10 years
Interest Rate:As low as 4.99% APR


Efficiency Maine offers a variety of home energy loans to help customers pay for energy upgrades. Maine homeowners can borrow up to $15,000 over 10 years with interest rates as low as 4.99% APR. There are no additional fees associated with these loans.



- Homeowners of any income

- Minimum credit score depends on loan type

- Maximum debt-to-income ratio depends on loan type


- 1-4 units

- Occupied year-round (not a vacation home, garage, or barn)

- Located in the state of Maine


- Required: an upgrade eligible for a Home Energy Savings Program rebate

- Optional: Solar PV

- Optional: Health and safety measures if necessary to complete the upgrade (not to exceed 25% of the loan). For Example: Moisture/radon mitigation before air sealing, vermiculite removal before insulation, knob and tube wiring removal before insulation, leaky roof repairs before attic insulation, chimney lining before boiler/furnace replacement, electrical panel upgrade before heat pump installation


- Efficiency Maine Residential Registered Vendor


- While funds are available. Loans have been available since 2011.

For more information, and to apply for a loan, go to Efficiency Maine's website.

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