Energy Audits, Home Performance Contracting, Green Building Certification

More Great Ways to Save

Federal Tax Credits

Energy efficiency and renewable energy incentives have been extended and expanded in the American Recovery and Reinvestment Tax Act of 2009. Homeowners are eligible for:

  • $1500 in energy efficiency tax credits, through 2010. This incentive covers 30% of the cost of building envelope, mechanical systems, and appliance improvements.
  • 30% of installed cost for renewable energy systems (PV, solar thermal, on-site wind, geothermal). There is no cap on this incentive.

Please visit the Tax Incentive Assistance Project website for updated tax incentive information.
Maine Rebates and Tax Credits
There are several state level rebates available for renewable energy and lighting.

  • $2000 for PV installations
  • $1500 for Solar Thermal Systems
  • $4000 for Wind Generation Systems

Note: Rebates for solar photovoltaic (PV) and solar-thermal installations are no longer available; all of the program funds for PV and solar-thermal systems have been allocated for 2009. Under current law, additional funding for solar rebates will become available in January 2010. Rebates for wind-energy are still available.  

Please visit the Database of State Incentives for Renewables & Efficiency website for updated rebate and incentive information.

Home Energy Loan Program
Need a loan to help pay for your energy-efficiency improvements?

The State of Maine might be able to help. The Maine State Housing Authority’s Home Energy Loan Program (HELP) program gives qualified borrowers financing at a low, fixed interest rate for home improvements that boost energy efficiency.

HELP loans can be used to finance a wide array of energy-efficiency improvements, including home energy audits, heating-system updates or replacements, installation of storm doors and windows, replacement of old windows and appliances with new Energy Star® rated products, moisture mitigation, ventilation-system modifications, insulation, weather stripping and air sealing, and certain roof repairs.

The expected energy savings associated with the improvements you make must be at least as valuable as the collective cost of the job. In addition, you must own and occupy a 1-to-4-unit residential building, meet certain income requirements (though in general most homeowners in Maine are eligible), and have a total debt-to-income ratio of 45% or less.

To get started in qualifying for a HELP loan, you’ll need a Home Energy Audit and Model. Our team will work with you every step of the way to ensure that your HELP application and home improvements are as successful and cost-effective as possible.

Please contact us and the Maine State Housing Authority to learn more about the HELP program.

UNITIL Rebates
Unitil has acquired Northern Utilities, and offers several rebates through its energy efficiency programs. At this time, the Maine rebate program has not been defined. If you are a natural gas customer, check the Unitil website for updates.

Energy Efficient Mortgages
Buying or refinancing a home? If so, another great way to save money is through an Energy Efficient Mortgage (EEM) from HUD/FHA, the Veterans Administration, or Fannie Mae.

An EEM lets you roll $3,000 to $8,000 worth of energy improvements into the total amount being financed. All you need is a Home Energy Rating System (HERS) report proving that your average monthly energy savings will be greater than the amount added to the monthly mortgage payment. Also, you can add the estimated energy savings to your income and qualify for a larger loan amount!

Due to our climate, almost every home in northern New England can gain significant energy savings from a few hundred to a few thousands dollars worth of targeted energy improvements.

Horizon Residential is a nationally accredited third-party provider of HERS reports. We’ll evaluate the home you’re buying or refinancing to determine which energy improvements will save you the most money and then create the report your lender needs for the EEM.

A HERS report gives you a detailed energy profile of your home along with a list of prioritized energy improvements and their expected monthly savings. This gives you valuable information about which improvements to include right away in the EEM and which ones to implement in the future.

Please contact us today to learn more about HERS ratings, Energy Efficient Mortgages, and how you can start saving money every month!