Efficiency Maine provides financing for certain small business owners upgrading to high performance heat pumps and variable refrigerant flow (VRF) systems. Businesses registered as a "Small General Service", "General Service", or "Medium General Service" electricity customer with a peak demand of max 50 kW are eligible. Loans range from $2,000 to $10,000, and terms may be 12, 24, or 36 months. The interest rate is 4.99%.
| Implementing Sector: | State |
| Category: | Financial Incentive |
| State: | Maine |
| Incentive Type: | Loan Program |
| Web Site: | https://www.efficiencymaine.com/small-business-energy-loans/ |
| Administrator: | Efficiency Maine |
| Start Date: | |
| Eligible Renewable/Other Technologies: |
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| Maximum Loan: | $10,000 |
| Loan Term: | 12, 24, or 26 months |
| Interest Rate: | 4.99% |
| Technologies: | Heat pumps, HVAC |
| Sectors: | Commercial |
| Parameters: | The incentive has a minimum of $10.00, The incentive has a maximum of $2.00 |
| Name: | Efficiency Maine |
| Address: |
168 Capitol St., Suite 1 Augusta ME 04330-6856 |
| Phone: | (877) 376-2463 |
| Email: | info@efficiencymaine.com |
This information is sourced from DSIRE; the most comprehensive source of information on incentives and policies that support renewables and energy efficiency in the United States. Established in 1995, DSIRE is operated by the N.C. Clean Energy Technology Center at N.C. State University.
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