Financing
Options As Low As $50 Per Month
Financing
Options As Low As $50 Per Month
Financing Options for Daikin & Samsung Heat Pumps!
We offer financing to make it easier for you to own a mini-split heat pump system. We work with NEIF/Efficiency Maine to offer very affordable loans with a wide range of interest rates and terms to meet your needs. Apply now online or schedule a free in-home consultation to learn more about the different options and get preapproved within minutes.
EnergyPlus Loan
Upgrade your home’s efficiency, strength, health and comfort with simple, transparent and trusted fixed rate, low payment financing.
Upgrades to your heating and cooling can pay big dividends through energy savings, making your home more resilient to bad weather and improving your home’s livability and comfort. Especially if they are installed by a contractor who has earned the NEIF Seal of Approval, meeting the highest standards of accountability and social and environmental impact and a U.S. Department of Energy Home Improvement Expert lender partner.
Home Energy Loan
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.
Eligibility
| 1-Year 0% APR | 5-Year 5.99% APR | 10-Year 7.99% APR | Income Based 10-Year 5.99% APR | |
| Customer/Borrower | ||||
| Principal Residence1 must be in the state of Maine. | Yes | Yes | Yes | Yes |
| The borrower must be an owner or have an ownership interest in the property as an Individual Property Owner2 or a Partnership Property Owner.3 | Yes | Yes | Yes | Yes |
| A resident of the property must be verified by Efficiency Maine as income-eligible (low- or moderate-income) by completing the form here and receiving approval within the last year. | No | No | No | Yes |
| Building Types | ||||
| The subject property must be a Residential Property (Single Family House, Two-Unit Duplex, Manufactured (Mobile) Home, or Condominium) located in Maine. | Yes | Yes | Yes | Yes |
| Equipment and Upgrades | ||||
| Heat Pumps – for space heating and cooling in which the project is not a heat pump/fossil fuel combination system (“dual fuel”). | Yes | Yes | Yes | Yes |
| Insulation and Air Sealing – Attic, wall, or basement insulation and air sealing in an area that is heated. | Yes | Yes | Yes | Yes |
| Contractor Requirements | ||||
| Upgrades must be installed by an Efficiency Maine Residential Registered Vendor (RRV). The Financed Amount will be disbursed directly to an RRV on behalf of the Borrower at project completion. | Yes | Yes | Yes | Yes |
1Principal Residence – In the case of a taxpayer using more than one property as a residence, whether the property is used by the taxpayer as the taxpayer’s principal residence depends upon all the facts and circumstances. If a taxpayer alternates between two properties, using each as a residence for successive periods of time, the property that the taxpayer uses a majority of the time during the year ordinarily will be considered the taxpayer’s principal residence.
2Individual Property Owner – The borrower is the subject property owner, and the property is owned by one individual (inclusive of married couples filing jointly and single member LLCs).
3Partnership Property Owner – The borrower is the subject property owner, and the property is owned by multiple individuals.
Commercial Loan
As an Approved Contractor of the National Energy Improvement Fund, we have met NEIF’s standards of commitment to quality work and customer service, financial stability and personal integrity. We offer our customers trusted, transparent and affordable monthly payment options for upgrades that make your business more energy efficient.
6% – 10% commercial rate (4.5% – 7% for Non-Profits) for 1 – 7 year terms.
100% financing available, no money down.
Cash Flow Positive Financing Options
For many customers, energy upgrades will immediately lower their monthly energy costs and will often exceed their finance payment.
Stay Liquid
Save cash for your core business. Budget for a fixed monthly payment.
Stay Flexible
NEIF financing coexists with existing or new debt. You do not need to put up real estate for security.
Approval in 1 – 2 business days, final funding within 2 business days after project completion
Contact Us
Have a question, want to schedule a free in-home consultation with one of our expert Design Consultants, or do you need some help with your heat pump? Fill out one of these forms below and we'll get back to you! If you do not hear from us, please check your spam folder or call our facility!
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