Seacoast Energy Initiative - Energy Efficiency Loan Program

February 13, 2015


Homeowners in the towns of Eliot, Kittery, North Berwick, South Berwick, Ogunquit, and York (located in Southern York County) may be eligible a loan of up to $15,000 to make energy efficiency improvements in their homes. Homes must be owner-occupied year round (rentals or vacation homes do not qualify, for example). Eligible borrowers must be current on local property taxes and utility bills, have a minimum credit score of 660, and a maximum debt to income ratio of 50%.  All pre-approved applicants must conduct an energy audit using a Building Performance Institute Certified Energy Auditor before financing will be provided.

Eligible energy efficiency improvements include sealing, caulking, insulation as well as moisture barriers and mechanical ventilation if done in conjunction with the previous improvements. In addition, controls such as programmable thermostats and controls on furnaces are eligible. Solar hot water heating is eligible if a homeowner has already completed weatherization improvements. The cost of the energy audit may also be financed by the loan, as well as the program costs.

Loan terms range from 3 to 10 years and the interest rate is 0% for the first three years and 3.5% for subsequent years. Application and/or closing fees may apply.  All applicants are placed on a waitlist, and as the initial loans are re-paid, additional funding will become available to support new applicants. 

Program Overview

Implementing Sector: Local
Category: Financial Incentive
State: Maine
Incentive Type: Loan Program
Web Site:
Administrator: Goggin Company
Start Date: 07/27/2011
Eligible Renewable/Other Technologies:
  • Solar Water Heat
  • Programmable Thermostats
  • Energy Mgmt. Systems/Building Controls
  • Caulking/Weather-stripping
  • Duct/Air sealing
  • Building Insulation
  • Other EE
Maximum Loan: $15,000
Loan Term: Choice of 3, 5, 7, or 10 year loans. 0% for the first three years, 3.5% for the remainder of the term.


Name: Seacoast Energy Initiative
Organization: The Goggin Company
Address: 22 Free Street
Portland ME 04101
Phone: (207) 772-7557

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.