EastRise Financing for Bourne’s Energy Customers

The Energy Improvement Loan offers consistent monthly payments and a discounted rate. This option is perfect for those looking for stable monthly payments on energy upgrades. 

TERM: 60 months (5 years)
APR AS LOW AS: 6.50%
MINIMUM LOAN AMOUNT: $300
MAXIMUM LOAN AMOUNT: $60,000

TERM: 120 months (10 years)
APR AS LOW AS: 7.50%
MINIMUM LOAN AMOUNT: $300
MAXIMUM LOAN AMOUNT: $60,000

TERM: 180 months (15 years)
APR AS LOW AS: 8.50%
MINIMUM LOAN AMOUNT: $300
MAXIMUM LOAN AMOUNT: $60,000

You can apply your tax credits and other incentives to the loan to reduce your loan principal. This special feature further reduces your costs and maximizes your energy savings.

^{APR = annual percentage rate. APR is effective as of 4/11/2025 and reflects the current minimum APR offered. The following example is for estimation purposes only: a $20,000 loan at 7.50% APR would result in 120 monthly payments of $237.47. Actual loan payment amount will be disclosed at loan closing and may differ slightly. Other rates and terms available based on individual credit standing and term. Other terms are available.}

Designed to finance other Energy Improvement projects, such as heating and cooling systems, furnaces, heat pumps, and more with discounted rates and extended terms.

TERM: 240 months (20 years)
APR AS LOW AS: 9.75%
MINIMUM LOAN AMOUNT: $20,000
MAXIMUM LOAN AMOUNT: $60,000

You can apply your tax credits and other incentives to the loan to reduce your loan principal and re-amortize to reduce your monthly payments.

^{APR = annual percentage rate. APR is effective as of 4/11/2025 and reflects the current minimum APR offered. The APR may be adjusted based on individual credit standing and term. Minimum loan amount is $20,000. The following example is for estimation purposes only: a $20,000 loan at 9.75% APR would result in 240 monthly payments of $189.80. Actual loan payment amount will be disclosed at loan closing and may differ slightly. Other rates and terms available based on individual credit standing and term.}

This loan is for qualified home energy efficiency projects and purchases, including weatherization, cold climate heat pumps, heat pump water heaters, electric vehicle charging equipment and installation, efficient wood heating stoves and systems, appliances, and more.

TERMS: 36, 60, 120, or 180 months (3 to 15 years)
APR AS LOW AS: 0.0%
MAXIMUM LOAN AMOUNT: $25,000

You can apply your tax credits and other incentives to the loan to reduce your loan principal and re-amortize to reduce your monthly payments.

Click here for more information about our Home Energy Loan program.

^{APR = annual percentage rate, effective as of 08/01/2019 and reflects the current minimum APR offered. Actual loan payment amount and interest rate will be disclosed at loan closing and may differ slightly. The Home Energy Loan program is sponsored by Efficiency Vermont. Household income qualification and other eligibility guidelines apply.}

Do you have equity in your home? You can use your home’s equity to get a discounted loan rate on energy upgrades that can offset your monthly utility bills. Speak with your tax advisor to determine if the interest on this loan is tax-deductible. Eligible for Vermont, New Hampshire and Massachusetts properties only.

TYPE: Less than or equal to 80% combined loan to value
TERM: 60 months (5 years)
APR AS LOW AS*: 5.74%

TYPE: Less than or equal to 80% combined loan to value
TERM: 120 months (10 years)
APR AS LOW AS*: 6.125%

TYPE: Less than or equal to 80% combined loan to value
TERM: 180 months (15 years)
APR AS LOW AS*: 6.875%

TYPE: Greater than 80% combined loan to value; up to 90%
TERM: 60 months (5 years)
APR AS LOW AS*: 6.74%

TYPE: Greater than 80% combined loan to value; up to 90%
TERM: 120 months (10 years)
APR AS LOW AS*: 7.125%

TYPE: Greater than 80% combined loan to value; up to 90%
TERM: 180 months (15 years)
APR AS LOW AS*: 7.875%

^{APR = annual percentage rate. APR is effective as of 4/1/2025. Other rates and terms available based on individual credit standing and term. Payment information does not include amounts for taxes and insurance premiums – if applicable, actual payment obligation will be greater. As an example, a $20,000 loan at 6.875% APR would result in 180 monthly payments of $178.45. Example payments are for estimation purposes only. Actual loan payment amount will be disclosed at loan closing and may differ slightly. The APR may be adjusted based on individual credit standing and term.}

To determine how much you can borrow, you first need to know the total equity in your Vermont, New Hampshire or Massachusetts home. The equity in your home is the difference between the value of your home minus all other outstanding balances on your existing mortgage. EastRise will determine the amount of equity you can borrow using one of the following options:

1. Your current tax assessment (published property tax bill) This option is used when the loan amount is $400,000. or less and the combined loan to value is less than or equal to 90% (in other words, the loan is 90% of the home’s value).

2. A certified professional residential real estate appraisal report, which EastRise will order for you (appraisal fee applies).

The minimum amount for this loan is $5,000.