FINANCING
FINANCING AVAILABLE FOR THE EFFICIENCY MAIN PROGRAM
Home Energy Loans To Help Pay For Your Insulation & Air Sealing Upgrades
Efficiency Maine is a program that offers rebates to homeowners who make their homes more energy-efficient. This is a great way to save money on your utility bills, as well as help the environment by using less energy.
But what about those of us who can't afford to make all the necessary upgrades ourselves? It's not always easy to get financing for this kind of project—which is why we're so excited to help you with financing for their rebate program!
Efficiency Maine rebates are 40% off the cost of eligible upgrades and up to 80% off for qualifying individuals. Whether you're looking for better insulation or air sealing Mattra Inc will help you find what works best for your home and budget.
FINANCIAL EXAMPLE
| Any Income | Moderate Income | Low Income | |
|---|---|---|---|
| Cost | $5,000 | $5,000 | $5,000 |
| Rebate | $2,000 | $3,000 | $4,000 |
| Net Cost | $3,000 | $2,000 | $1,000 |
| Annual Savings | $600 | $600 | $600 |
| Payback Period | 5 | 3.3 | 1.7 |
*your results my vary. - click here to start your application.
Best of all, the financing options below make it easy for anyone, regardless of financial pressures to take advantage of the government rebates. The money you save on heating your home combined with the rebates, covers most financing costs. Click here to start your application.
Effiecency Maine Insulation Rebates & Government Programs
Efficiency Maine Eligibility Up To $8,600 Depending On Your Assessed Property Value Or Other Qualifications
Homeowner Eligibility
- Homeowners of any income (businesses are not eligible)
- Borrower must be a Maine resident
- Minimum credit score depending on loan type
- Maximum debt-to-income ratio depending on loan type
- No recent bankruptcies, foreclosures, or repossessions, depending on loan type
Building Eligibility
- Residential building located in Maine. PACE loans only available in PACE Towns.
Example Monthly Payment Chart
(4.99% APR fixed courtesy of efficiencymaine.com)
| Loan Amount | 5-Year Loan | 10-Year Loan | |
|---|---|---|---|
| 1 | $1,000 | $19 | $11 |
| 2 | $3,000 | $57 | $32 |
| 3 | $5,000 | $95 | $53 |
| 4 | $7,500 | $142 | $80 |
