Home Energy Loan

We help make energy efficiency affordable for Vermonters.

Discounted interest rates based on household income

Vermonters can get financing for home energy efficiency upgrades, including weatherization, cold climate heat pumps, wood and pellet stoves, solar hot water installations, and advanced modern wood heating systems.

Were you or someone you know impacted by the July 2023 flooding? Check out Efficiency Vermont’s Flood Recovery Program for information about rebates, incentives, and Home Energy Loan Flood Recovery Accommodations.

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
Loan options are available with terms up to 15 years for amounts up to $20,000.

Current rates

Home Energy Loan ^1,⁵
Household Income Qualifications ⁶	Term	APR as low as
APR = annual percentage rate, effective as of 1/2/2024 and reflects the current minimum APR offered.
Household Income Qualifications ⁶ High Income	Term 36 months	APR as low as 4.99%
Household Income Qualifications ⁶ High Income	Term 60 months	APR as low as 4.99%
Household Income Qualifications ⁶ High Income	Term 120 months	APR as low as 5.99%
Household Income Qualifications ⁶ High Income	Term 180 months	APR as low as 6.99%
Household Income Qualifications ⁶ Moderate Income	Term 36 months	APR as low as 0.0%
Household Income Qualifications ⁶ Moderate Income	Term 60 months	APR as low as 0.0%
Household Income Qualifications ⁶ Moderate Income	Term 120 months	APR as low as 2.99%
Household Income Qualifications ⁶ Moderate Income	Term 180 months	APR as low as 3.99%
Household Income Qualifications ⁶ Low Income	Term 36 months	APR as low as 0.0%
Household Income Qualifications ⁶ Low Income	Term 60 months	APR as low as 0.0%
Household Income Qualifications ⁶ Low Income	Term 120 months	APR as low as 1.99%
Household Income Qualifications ⁶ Low Income	Term 180 months	APR as low as 2.99%

Income Guidelines

If your household has more than 5 members, your eligibility will be assessed as part of the application process.

Interest rates for high-income households are available to anyone with household income above the moderate income limits below.

Chittenden, Franklin, Grand Isle counties

Chittenden, Franklin, Grand Isle counties
Chittenden, Franklin, Grand Isle counties

Chittenden, Franklin, Grand Isle counties
Addison county

Addison county
Addison county

Addison county
All other VT counties

All other VT counties
All other VT counties

All other VT counties

Chittenden, Franklin, Grand Isle counties

Low Income
Chittenden, Franklin, Grand Isle counties

Moderate Income
Addison county

Low Income
Addison county

Moderate Income
All other VT counties

Low Income
All other VT counties

Moderate Income

Household of 1

Chittenden, Franklin, Grand Isle counties

$63,600
Chittenden, Franklin, Grand Isle counties

$95,600
Addison county

$55,550
Addison county

$83,280
All other VT counties

$55,050
All other VT counties

$82,400

Household of 2

Chittenden, Franklin, Grand Isle counties

$72,700
Chittenden, Franklin, Grand Isle counties

$109,200
Addison county

$63,450
Addison county

$95,160
All other VT counties

$62,900
All other VT counties

$94,200

Household of 3

Chittenden, Franklin, Grand Isle counties

$81,800
Chittenden, Franklin, Grand Isle counties

$122,800
Addison county

$71,400
Addison county

$107,040
All other VT counties

$70,750
All other VT counties

$106,000

Household of 4

Chittenden, Franklin, Grand Isle counties

$90,850
Chittenden, Franklin, Grand Isle counties

$136,400
Addison county

$79,300
Addison county

$118,920
All other VT counties

$78,600
All other VT counties

$117,800

Household of 5

Chittenden, Franklin, Grand Isle counties

$98,150
Chittenden, Franklin, Grand Isle counties

$147,400
Addison county

$85,650
Addison county

$128,520
All other VT counties

$84,900
All other VT counties

$127,400

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

Follow these steps to get started.

Determine eligibility

Qualified projects and purchases include weatherization, cold climate heat pumps, heat pump water heaters, efficient wood heating stoves and systems, appliances, and more.

For your project to be eligible:

The building must be a residential owner-occupied 1-4 family unit and physically located in Vermont.
Your contractor must be approved by Efficiency Vermont.

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.

Wood Pellets and Pellet Stove - Long Form Txt

Apply for a loan

You can apply for your loan online. You will select Home Energy Loan from the product drop-down list. A representative will contact you to discuss your loan application.

Close Up of Hands Typing on Laptop in a Bright Room - Long Form Txt

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.

Cooperation creates opportunity

The Home Energy Loan is made possible through our relationship with Efficiency Vermont.

You might also want to explore:

Energy Improvement Loan

We can help you finance a range of energy saving projects and purchases, including solar and energy efficient heating systems, weatherization and home energy efficiency upgrades, and bicycles.

See Energy Improvement Loan option

Investment Tax Credit Loan

A great option if you’re looking to finance a qualifying project or purchase, such as solar, home battery storage, or advanced wood heating.

Learn more about our Investment Tax Credit Loan

Apply for a 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.

Apply now

Disclosures

1: – Other rates and terms may be available. APR = annual percentage rate and may be adjusted based on your individual credit standing and term.
5: – Payment example: A $20,000 loan for 60 months at 4.99% APR will have a monthly payment of $377.00.
6: – 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.