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Find similar grantsSmall Business Energy Loans is sponsored by Efficiency Maine. Provides financing for small businesses to upgrade to high-performance heat pumps and HVAC systems.
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Small Business Energy Loans - Efficiency Maine Biomass Boilers and Furnaces Geothermal Heat Pump Rebates Income-Based Eligibility Verification Residential Forms and Brochures Best Heat Pump Water Heater Deals Compare Your Home’s Overall Energy Efficiency Compare Home Heating Costs Compare Water Heating Costs Electricity Monitor Loaners Lighting Savings Calculator Heating, Ventilation, and Air Conditioning (HVAC) Multifamily Weatherization Heating, Ventilation, and Air Conditioning (HVAC) Multifamily Weatherization Architecture and Engineering (A&E) Firms Become A Qualified Partner Business Customer Consultations Commercial Heating Calculator Commercial and Industrial Prescriptive Incentives Commercial and Industrial Custom Commercial Property Assessed Clean Energy (C-PACE) Small Business Energy Loans Commercial Property Assessed Clean Energy (C-PACE) Long-Term Care Facility Loans Mobile Home Initiative Loans Small Business Energy Loans Residential Forms and Brochures Resources for Municipalities Financing is available for eligible small business owners upgrading to high-performance heat pumps and variable refrigerant flow (VRF) systems.
Any business that is registered as a “Small General Service” (SGS) or “General Service” (GS), or “Medium General Service” (MGS) electricity customer with an average electrical demand of 100 kW or less may be eligible for these loans. Click here for a bill example.
For businesses that have an electric account labeled “Small General Service” (SGS), “General Service” (GS), or “Medium General Service” (MGS) with an average monthly peak electrical demand under 100kW.
High-performance heat pumps retrofits Variable refrigerant flow (VRF) system retrofits Upgrades must be installed by an Efficiency Maine Qualified Partner Two single-zone heat pumps with financing Installed Cost Two Single-Zone Heat Pumps Monthly Loan Payment (4. 99%) Options* *Project costs and payment amounts may vary.
Loans may only be used for costs of purchasing and installing qualifying heat pumps and variable refrigerant flow systems approved through, and consistent with, Efficiency Maine’s Small Business Initiative. Amount of loans may be as low as $2,000 or as high as $10,000 per customer location. The interest rate for financing through this initiative is 4.
99%, requiring no money down and no closing fees. The term of the loan may be either 12 months, 24 months, or 36 months. There is no pre-payment penalty.
Contact a local Qualified Partner ( Click here to find a Qualified Partner.) to schedule and develop a heat pump or VRF project (we recommend obtaining two or three price quotes). Apply for a Loan Prequalification online.
Click here . Provide Efficiency Maine with project details and copy of an electric utility bill that shows your rate class (Small General Service or General Service, depending on utility territory) for project pre-approval (your contractor will help you). If pre-qualified and you accept the pre-approval offer, email Efficiency Maine at SBI@efficiencymaine.
com or call (207) 213-6247 to request Small Business Loan Work Scope Form for signature. Email Small Business Loan Work Scope to lending@neifund. org .
Loan closing documents will be sent to you for electronic signature from the lender. Sign and email or postal mail the loan closing documents. You’ll be notified that the loan documents have been received and will be processed.
After the project is completed: Working with your contractor, send Efficiency Maine the Project Completion Form documenting the project is complete. This triggers payment of Efficiency Maine’s incentive to the contractor(s). The contractor can submit the signed Project Completion Form by email at lending@neifund.
org or by postal mail to NEIF, 1005 Brookside Road, Suite 200, Allentown, PA 18106 to receive the loan proceeds. Commercial and Industrial Prescriptive Initiatives Commercial and Industrial (C&I) Custom Program Electric Vehicles and Charging Solutions Business Customer Consultations
According to the current listing, eligibility includes: Small businesses in Maine. Confirm the full requirements in the official notice before applying.
The current listing shows $2,000 - $10,000. Verify award ceilings, matching requirements, and allowable costs in the official notice.
Small Business Energy Loans is funded by Efficiency Maine. Verify program details on the funder's official page before applying.
This opportunity targets applicants in Maine. If your organization operates elsewhere, check the official notice for location requirements.
Start from the official opportunity page linked in this listing — it carries the sponsor's submission instructions.
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