Maine PACE Loans

January 02, 2018


Note: Maine's PACE program is accepting applications from homeowners in participating municipalities. Applications are submitted online.

Property-Assessed Clean Energy (PACE) financing allows property owners to borrow money to pay for energy improvements. The amount borrowed is repaid over a period of years through monthly payments independent of property tax billing. Maine has authorized local governments to establish such programs. Not all local governments in Maine will choose to offer PACE financing; check the program to see if your municipality is offering the program (190 locations are currently participating, and Efficiency Maine maintains an up-to-date list).

The following eligibility requirements apply:

  • Homeowners must have a debt-to-income ratio of 45% or less
  • Property taxes and sewer charges must be up to date
  • The property is not subject to a reverse mortgage
  • The property may not have any outstanding notice of default, foreclosure, or delinquency on the mortgage
  • The homeowner must have at least as much equity in the home as the amount of PACE loan

To participate, the homeowner must include in the scope of work at least one eligible prescriptive energy efficiency measure. Energy efficiency measures generally must meet or exceed U.S. EPA and Energy Star standards, or other standards approved by the Efficiency Maine Trust, or weatherization improvements that are approved by the Trust. Improvements that are recommended by the energy audit may be authorized. Renewable energy systems and electrical thermal storage systems must meet standards approved by the Trust.

Note that certain improvements may be eligible for rebates as well. The homeowner receives pre-approval for the PACE loan by submitting an application online and selects a contractor from a registered vendor list.

Program Overview

Implementing Sector: State
Category: Financial Incentive
State: Maine
Incentive Type: PACE Financing
Web Site:
Administrator: Efficiency Maine Trust
Start Date: 04/04/2011
Eligible Renewable/Other Technologies:
  • Solar Water Heat
  • Solar Space Heat
  • Solar Photovoltaics
  • Wind (All)
  • Biomass
  • Geothermal Heat Pumps
  • Clothes Washers
  • Refrigerators/Freezers
  • Dehumidifiers
  • Ceiling Fan
  • Water Heaters
  • Lighting
  • Lighting Controls/Sensors
  • Furnaces
  • Boilers
  • Heat pumps
  • Air conditioners
  • Programmable Thermostats
  • Caulking/Weather-stripping
  • Duct/Air sealing
  • Building Insulation
  • Windows
  • Custom/Others pending approval
  • Other EE
  • Yes; specific technologies not identified
  • Wind (Small)
  • LED Lighting
Terms: Loan amount: $6,500 to $15,000
Term length: Up to 15 years
Interest rate: 4.99% (fixed)


Name: 35-A MRSA §10151 et seq.
Date Enacted: 04/01/2010
Effective Date: 04/01/2010


Name: Efficiency Maine
Organization: Efficiency Maine
Address: 168 Capitol Street
Augusta ME 04330-6856
Phone: (866) 376-2463

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.