Financing Home Energy Upgrades
Property Assessed Clean Energy (PACE) Loan
What is a PACE Loan?
In Maine, a PACE loan is a loan taken by a property owner to finance the cost of making a qualified “energy savings improvement” to their property. A PACE loan is different from other loans in that it stays with the property receiving the improvement. If a homeowner sells his or her home before the loan is paid off, the loan can either be paid off at the time of sale or can be transferred with the property to become the responsibility of the new owner.
What Qualifies as an "Energy Savings Improvement?"
An energy savings improvement is a measure to improve the energy efficiency or upgrade the heating system of a house. Common examples are insulation, air sealing, efficient hot water heaters, and better controls and thermostats for furnaces and boilers.
Energy Efficient Mortgages (EEM’s)
Many local financial institutions offer home improvement loans specifically for energy efficiency upgrades. We are happy to check with your local bank to see if one of these options would work for your project.
Credit Cards Now Accepted
Penobscot Home Performance now accepts payment via credit cards, by utilizing Email Invoicing by PayPal. An account with PayPal is not required for this service.
Call Penobscot Home Performance today to find out more!
Property Assessed Clean Energy (PACE) Loan
What is a PACE Loan?
In Maine, a PACE loan is a loan taken by a property owner to finance the cost of making a qualified “energy savings improvement” to their property. A PACE loan is different from other loans in that it stays with the property receiving the improvement. If a homeowner sells his or her home before the loan is paid off, the loan can either be paid off at the time of sale or can be transferred with the property to become the responsibility of the new owner.
What Qualifies as an "Energy Savings Improvement?"
An energy savings improvement is a measure to improve the energy efficiency or upgrade the heating system of a house. Common examples are insulation, air sealing, efficient hot water heaters, and better controls and thermostats for furnaces and boilers.
Energy Efficient Mortgages (EEM’s)
Many local financial institutions offer home improvement loans specifically for energy efficiency upgrades. We are happy to check with your local bank to see if one of these options would work for your project.
Credit Cards Now Accepted
Penobscot Home Performance now accepts payment via credit cards, by utilizing Email Invoicing by PayPal. An account with PayPal is not required for this service.
Call Penobscot Home Performance today to find out more!





