Stoking Wood Stove - Hero

Home Energy Loan

We help make energy efficiency affordable for Vermonters.

Apply now

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.

Benefits

  • Percentage Arrow Down

    Affordable rates

    Energy efficiency should be accessible to everyone. That’s why we offer lower interest rates for people at all income levels.

  • No Fee

    Zero interest options

    How does a 0% interest rate sound? You could pay no interest if your household income is $90,000 or less and your loan term is less than five years.

  • Calendar

    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 08/01/2019 and reflects the current minimum APR offered.

Household Income Qualifications 6

Over $90,000

Term

36 months

APR as low as

4.99%

Household Income Qualifications 6

Over $90,000

Term

60 months

APR as low as

4.99%

Household Income Qualifications 6

Over $90,000

Term

120 months

APR as low as

5.99%

Household Income Qualifications 6

Over $90,000

Term

180 months

APR as low as

6.99%

Household Income Qualifications 6

$60,000 – $90,000

Term

36 months

APR as low as

0.0%

Household Income Qualifications 6

$60,000 – $90,000

Term

60 months

APR as low as

0.0%

Household Income Qualifications 6

$60,000 – $90,000

Term

120 months

APR as low as

2.99%

Household Income Qualifications 6

$60,000 – $90,000

Term

180 months

APR as low as

3.99%

Household Income Qualifications 6

Below $60,000

Term

36 months

APR as low as

0.0%

Household Income Qualifications 6

Below $60,000

Term

60 months

APR as low as

0.0%

Household Income Qualifications 6

Below $60,000

Term

120 months

APR as low as

1.99%

Household Income Qualifications 6

Below $60,000

Term

180 months

APR as low as

2.99%

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, electric vehicle charging equipment and installation, 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.

Home Contractor - Long Form Txt

Complete your project or purchase as planned

Your project must be completed to specifications in order to receive funding and any applicable rebates.

So all of the photos, originals and cropped versions, are being saved here as usual: M:\Production\Website\2021 Redesign\Imagery\Image Drop You can take a look around and see how I am renaming them, sorting the originals, etc. This is the document Jevonne, Seth, and I are all working in: https://docs.google.com/document/d/1_HgfBAWxoWGxbGYytUvcF2KH-AaJLkzONomAY3YeHVc/edit# I am currently at HOME ENERGY LOAN. You can take a look through the pages upcoming to get a good idea of what sort of images will be needed soon. They do not have to be hyper-specific, but maybe at least in the realm, if looking at the pages helps give any guidance. Not every component on the page will have an image, and some pages will have more than others. Some images I am low on are: 1. Mortgage type images... homes, homes being built, mobile homes, home appliances like heating, "green" homes, etc. 2. Investment-type images 3. Any kind of "Business" related image to fit the upcoming section I am going to be on soon Etc, etc... take a look through what we have already in the M: drive (and check the ORIGINALS) folders too. When you download new ones, you can either dump them into the Image Drop folder and I can sort/use as needed, or you can sort/rename them too. It's up to you! Let me know if you need more guidance... but hopefully that helps give more of an idea of what's needed coming up and just in general!

Cooperation creates opportunity

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

Efficiency Vermont Logo Image - Long Form Txt
Heat Pump Installed - Single Path CTA

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.