Home Energy Loan
Get more efficient with your energy and expenses.
Discounted rates based on household income
We believe home energy upgrades should be affordable for everyone. Let’s get you financing for your weatherization project, cold climate heat pumps, wood and pellet stove, solar hot water installation, or advanced modern wood heating system.
Benefits
Affordable rates
Energy efficiency should be accessible to everyone. That’s why we offer lower interest rates for people at all income levels.
Zero interest options
How does a 0% interest rate sound? You could pay no interest if your household income is within program guidelines and your loan term is less than five years.
Flexible terms
Get terms up to 15 years for amounts as much as $20,000.
Current rates
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Household Income Qualifications4 |
Term5 |
APR as low as |
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| Rates effective 10/09/2024 | ||
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APR = annual percentage rate and reflects the current minimum APR offered. Other rates and terms may be available. APR may be adjusted based on your individual credit standing and term. |
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Household Income Qualifications4 High Income |
Term5 36 months |
APR as low as 4.99% |
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Household Income Qualifications4 High Income |
Term5 60 months |
APR as low as 4.99% |
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Household Income Qualifications4 High Income |
Term5 120 months |
APR as low as 5.99% |
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Household Income Qualifications4 High Income |
Term5 180 months |
APR as low as 6.99% |
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Household Income Qualifications4 Moderate Income |
Term5 36 months |
APR as low as 0.00% |
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Household Income Qualifications4 Moderate Income |
Term5 60 months |
APR as low as 0.00% |
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Household Income Qualifications4 Moderate Income |
Term5 120 months |
APR as low as 2.99% |
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Household Income Qualifications4 Moderate Income |
Term5 180 months |
APR as low as 3.99% |
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Household Income Qualifications4 Low Income |
Term5 36 months |
APR as low as 0.00% |
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Household Income Qualifications4 Low Income |
Term5 60 months |
APR as low as 0.00% |
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Household Income Qualifications4 Low Income |
Term5 120 months |
APR as low as 1.99% |
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Household Income Qualifications4 Low Income |
Term5 180 months |
APR as low as 2.99% |
Income Guidelines
Vermont residents may be subject to follow income guidelines. If your household has more than five members, your eligibility will be assessed as part of the application process. Interest rates for high-income households are available to anyone with a household income above the moderate-income limits.
Estimate your monthly payment
Select your household income range and enter your desired loan amount and term to estimate your monthly payment and interest rate.
Calculated payments shown are for estimation purposes only. Actual loan payment amount and interest rate will be disclosed at loan closing and may differ slightly.
How to Apply
Please note: Do-it-yourself (DIY) projects are not eligible for the Home Energy Loan. The Energy Improvement Loan is a great option for ineligible projects and for DIYers who want to finance their energy improvements. To ensure your project meets the specifications for eligibility, direct any questions to Efficiency Vermont at 1.888.921.5990.
See if your project is eligible
See Efficiency Vermont’s full list of qualifying home energy projects. The building must be a residential, owner-occupied one- to four-family unit that is physically located in Vermont.
Apply
Apply for your loan online and select Home Energy Loan from the product drop-down list. One of our home energy specialists will contact you to discuss your application.
Work with an eligible contractor
Find a contractor that has been approved by Efficiency Vermont and have them fill out this verification form before beginning work.
Complete your project or purchase as planned
Your project must be completed to specifications in order to receive funding and any applicable rebates.
opportunity
The Home Energy Loan is made possible through our relationship with Efficiency Vermont. Finance 100% of your project, up to $20,000, with 0% interest.
home energy loan
To get started, apply for a loan and find an eligible contractor, retailer, or dealer. For questions about project or contractor eligibility, contact Efficiency Vermont at 1.888.921.5990.
Disclosures
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Income qualification guidelines apply. APR will be adjusted based on household income and term. Secured loan options available upon request; minimum secured amount borrowed is $5,000.
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Payment example: A $20,000 loan for 60 months at 4.99% APR will have a monthly payment of $377.33.
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