Credentials
- Efficiency Maine Program Contractor
- Maine Home Performance Energy Evaluator
- BPI Energy Auditor and Building Analyst
- ME State Energy Auditor and Weatherization
Technician
Member of the following
-
MABEP Maine Association
of Building Efficiency Professionals
-
MIAQC Maine Indoor Air Quality Council
- USGBC U.S. Green Building Council
- HBRA Home Builders and Remodelers Association of Maine
- NAHB National Association of Home Builders
- MHBA Modular Home Builders Association
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PACE Financing
PACE Financing
Brochure (PDF download)
Thanks to a collaborative effort with numerous Maine
municipalities, Efficiency Maine launched the Maine PACE
Loan program on Monday, April 4 2011. These loans provide a
way for homeowners to borrow funds at a competitive interest
rate to make energy improvements, such as installing a new
energy-efficient heating system, weatherizing a home with
insulation and air sealing, and replacing inefficient
appliances and lighting.
Nearly 60 Maine municipalities statewide are making this new
financing tool available to their residents on Monday, and
more are joining every month. When combined with Efficiency
Maine’s Home Energy Savings Program rebates, PACE Loans can
deliver meaningful energy savings for Maine residents
looking to make their homes more comfortable while reducing
their energy bills month after month.
To get a PACE loan, a customer’s property must be located in
a municipality that has adopted a PACE ordinance (see the
attached list for a complete list of participating
municipalities). Any municipality may join the program. A
property owner must meet other conditions, including being
current on property tax and sewer payments. The amount of
the PACE loan cannot exceed the property owner’s equity in
the home.
With a fixed interest rate of 4.99 percent, loans can have
up to a 15-year repayment period, and are transferable upon
the sale of the property. Loans can range anywhere from
$6,500 to $15,000.
Qualifying homeowners start by hiring a Participating Energy
Advisor (like us, STP Home Performance!), listed on
Efficiency Maine’s web site (www.efficiencymaine.com),
then initiating the loan process. They can then select from
a list of registered vendors to complete their energy
upgrades, submit a loan application and Rebate Reservation
Form, and once approved, applicants will receive 30 percent
of the amount of the project to use as a down payment. The
remaining funds will be released after the completed work
has been verified by the Energy Advisor.
Projects estimated to save 25 percent or more on heating
costs will also qualify for up to $1,500 in rebates from
Efficiency Maine’s Home Energy Savings Program while funds
last. Additional incentives for heating systems and solar
equipment may also available.
The Maine PACE Loans program was seeded by an American
Recovery and Reinvestment Act (ARRA) grant from the U.S.
Department of Energy. Efficiency Maine won the competitive
grant to capitalize, administer and market the loans in a
2009 proposal. However, state law requires that all towns
pass an ordinance enabling PACE before local homeowners
become eligible for the loans.
For more information about PACE or to apply, visit
www.efficiencymaine.com/pace, or call 1-866-376-2463.
Then contact Jeff for your
Energy Upgrades today!
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