Heat Saver Loan

The Heat Saver Loan, available throughout the State of Vermont, is a fast, easy, and flexible way to finance thermal home energy improvements. These can include high-efficiency boilers and furnaces, heat pumps, air sealing and insulation, high-performance windows, solar hot water heaters, and central pellet boilers. Visit the Heat Saver Loan website to check eligibility requirements and get started.

  • Low- or no-interest loans of up to $35,000, with 100% financing available
  • Can be processed in two business days, no cash-flow analysis required
  • Low closing costs (can be rolled into loan), payback period of up to 15 years

The NeighborWorks of Western Vermont Energy Loan

A loan offered by NeighborWorks of Western Vermont is available statewide. Loan funds may be used to finance energy efficiency improvements and necessary health and safety improvements. Qualifying improvements include cold climate heat pump heating and cooling systems, efficient hot water heaters, air sealing, insulation, renewables, and more. Visit the Neighborworks of Western Vermont website for more information.

  • Low or no interest loans of up to $40K and 100% financing of the project cost
  • Processed in two business days or less
  • Low closing costs are financed into the loan; payback period of up to 15 years
  • No prepayment penalty
  • Green Mountain Power customers can repay their NeighborWorks of Western Vermont Energy Loan on their electric bill.


Property Assessed Clean Energy (PACE) financing is a unique way to finance energy efficiency improvements for your home. Repayment of PACE financing is tied to the property, not to the owner. PACE financing is available at a competitive fixed interest rate and with $0 down. Term options of 10, 15 or 20 years allow for most projects to be cash-flow positive. In addition to financing thermal and electric efficiency improvements, PACE can finance on-site renewables such as solar PV.

  • Financing of up to $30,000, with $0 down
  • PACE financing can stay with the property in the event of a sale, or can be paid off at any time with no penalty
  • Closing costs: 2% of financed amount (can be rolled into loan), payback period of up to 20 years
  • PACE interest is tax deductible
  • PACE is a property assessment, not a loan and does not affect your debt-to-income when applying for other credit such as a second mortgage

Eligibility Requirements for PACE

  • For qualifying energy efficiency improvements and renewable energy systems
  • Property must be located in a PACE district (PDF) (cities and towns must vote to form districts)
  • For single-family homes and multifamily properties of two to four units (must be owner occupied)
  • Cash-flow analysis must be provided by Efficiency Vermont

See our list of eligible measures (PDF) and pre-screening tool.

More Loan Options

Other ways you may be able to finance your energy efficiency improvements include personal loans, home equity loans or lines of credit, and standard mortgages. Terms, closing costs, and eligibility criteria for these products vary by lender. If you have questions about which option may be most suitable for you, contact local lenders or give us a call.

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