Unlock Maximum Savings on Your Maine Heat Pump Project with Efficiency Maine Programs
Maine homeowners can dramatically lower the cost of switching to high-efficiency heat pumps thanks to Efficiency Maine’s GreenBank financing and tiered residential heat pump rebates — including significantly higher rebates for income-qualified households.
These programs are designed to make clean, comfortable, all-electric heating affordable for more Mainers while reducing winter energy bills. As a trusted Efficiency Maine Residential Registered Vendor, Heat Pumps of Maine helps customers take full advantage of every available incentive with proper system sizing, professional installation, and step-by-step guidance through the application process.
Make Your Heat Pump Upgrade Fit Your Budget with Efficiency Maine Financing
Spread the cost of your new heat pump over time with flexible financing options from Efficiency Maine’s GreenBank program. Choose from several repayment terms and competitive fixed rates — including a short-term 0% option — so you can move forward with a high-efficiency system without a large upfront payment.
These loans are designed specifically for Maine homeowners making energy improvements and work seamlessly alongside Efficiency Maine rebates, helping lower the total amount financed. The process is straightforward, and funds are paid directly to your contractor once the work is complete.
Learn more about Efficiency Maine GreenBank financing options →
Current loan options include:
- 1-Year 0% APR — Up to $25,000 (quick payoff with no interest; $500 origination fee)
- 5-Year 5.99% APR — Up to $25,000
- 10-Year 7.99% APR — Up to $25,000
- Income-Based 10-Year 5.99% APR — Up to $7,500 with more flexible underwriting (lower minimum credit score and higher debt-to-income ratio allowed) for verified low- or moderate-income households
The maximum loan amount is based on your net project cost after any anticipated rebate. Funds are disbursed directly to your contractor after the work is complete. Projects must be installed by an Efficiency Maine Residential Registered Vendor.
Income-qualified borrowers can access the lower-rate 10-year option after completing a simple eligibility verification.
Learn more about Efficiency Maine GreenBank Home Energy Loans and apply →
Generous Heat Pump Rebates — Including Enhanced Amounts for Income-Qualified Mainers
Efficiency Maine’s Residential Heat Pump Rebates reward homeowners who make a heat pump their primary heating system. Rebates are available per eligible outdoor unit with lifetime caps per housing unit and are significantly higher for low- and moderate-income households.
Current rebate tiers:
- Low-Income: $3,000 per rebate-eligible outdoor unit (lifetime maximum $9,000 per housing unit)
- Moderate-Income: $2,000 per rebate-eligible outdoor unit (lifetime maximum $6,000 per housing unit)
- Any Income: $1,000 per rebate-eligible outdoor unit (lifetime maximum $3,000 per housing unit)
Income verification for enhanced rebates:
- Low-income — Participation in MaineCare, HEAP, SNAP, or TANF (verified through Efficiency Maine’s tool)
- Moderate-income — Adjusted Gross Income (AGI) up to $70,000 for individual filers or $100,000 for joint filers
Verify your eligibility quickly and easily here: Income-Based Eligibility Verification
Heat pumps must be properly sized and installed as the primary heating system (existing fossil-fuel systems are allowed only for emergency backup). Both ducted and ductless (mini-split) systems qualify when installed by a registered vendor and listed on Efficiency Maine’s approved equipment list. Rebate claims must be submitted within 6 months of project completion.
Learn more about Residential Heat Pump Rebates, eligibility, and how to apply →
Stack Financing + Rebates for the Lowest Possible Out-of-Pocket Cost
Many of our customers combine both programs for maximum savings:
1. Qualify for an enhanced income-based rebate (reducing the net project cost).
2. Finance the remaining balance with a low-rate GreenBank loan.
This approach can make a high-performance cold-climate heat pump system affordable with minimal or no money down while delivering immediate comfort and long-term energy savings.
Why Choose Heat Pumps of Maine?
We’re a local Efficiency Maine Residential Registered Vendor serving Lewiston, Auburn, Portland, Augusta, and communities across Central and Southern Maine. Our team specializes in right-sized, high-performance heat pump installations (including premium Samsung, Mitsubishi, and other cold-climate models) that qualify for the highest available incentives.
We handle the details so you don’t have to — from helping you check income verification status to ensuring your project meets all Efficiency Maine requirements for financing and rebates.
Ready to See How Much You Can Save?
Contact Heat Pumps of Maine today for a free consultation and quote. We’ll review your home, explain exactly which rebates and financing options you qualify for, and guide you through the entire process from start to finish.
Call us or fill out our contact form — let’s make your home more comfortable and efficient this year.
Program details, rates, and rebate amounts are subject to change. Always verify the latest information directly on the official Efficiency Maine websites linked above. Heat Pumps of Maine is an independent contractor and not affiliated with Efficiency Maine.
