Efficiency Maine offers home energy loans to help income-eligible homeowners pay for energy upgrades, all without fees and with interest rates as low as 5.99%. Qualifying homeowners can borrow as much as $7,500 for unsecured loans.
Borrowers must receive pre-approval from Efficiency Maine to apply for Home Energy Loans for Income-Eligible Customers. If you have not yet applied for approval, please go to https://www.efficiencymaine.com/income-based-eligibility-verification/ for more information. If you do not have an approval, you may also apply for the NEIF EnergyPlus Loan. Please return to the application menu to select EnergyPlus.
The National Energy Improvement Fund’s (NEIF) EnergyPlus Loan is a simple interest, unsecured installment loan for most energy and resiliency improvements.
Use this Monthly Payment Estimator to compare different options and then the customer can click to apply for an instant credit decision. The contractor will see the application status immediately in their NEIF Contractor Portal.
The loan may be paid off early or paid ahead without penalty. All loans are made directly to the consumer by National Energy Improvement Fund, LLC. Fixed interest rates range from 7.99% to 12.99% APR. The minimum loan amount is $2,500 and the Maximum loan amount is based on your credit, up to $35,000. Payment estimates based on 9.99% APR for loans $25,000 or less, 7.99% APR for loans greater than $25,000.