Efficiency Maine - Home Energy Loans

Program Efficiency Maine - Home Energy Loans
Category Financial Incentive
Implementing sector State
Last Update
State Maine
Administrator Efficiency Maine Trust
Website http://www.efficiencymaine.com/at-home/energy-loans/
Start Date
Sectors Residential

Efficiency Maine offers a variety of home energy loans to help customers pay for energy upgrades. Maine homeowners can borrow up to $7,500 over 10 years with interest rates fixed at 5.99% APR. There are no additional fees associated with these loans.



  • Homeowners of any income (businesses are not eligible)
  • Borrower must be a Maine resident
  • Minimum credit score depends on loan type
  • Maximum debt-to-income ratio depends on loan type
  • No recent bankruptcies, foreclosures, or repossessions, depending on loan type


  • Located in Maine, PACE loans only available in PACE Towns


  • Required: an upgrade eligible for a Home Energy Savings Program or Low-Income Initiative rebate
  • Optional: Health and safety measures if necessary to complete the upgrade (not to exceed 25% of the loan). Examples include: 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


  • Upgrades must be installed by an Efficiency Maine Residential Registered Vendor. Loans can only be paid out to Registered Vendors.


  • 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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