Why Finance?

Efficiency upgrades will lower your energy bills now, which helps offset your monthly loan payment. If your energy savings are substantial, you may even see a decrease in your monthly expenses. Once your loan is paid, you’ll continue to enjoy energy savings, lower bills, and a more comfortable home.

Home Energy Loan

The Home Energy Loan is a fast, easy, and flexible way to finance home weatherization and heating improvements. These can include cold-climate heat pumps, air sealing and insulation, solar hot water heaters, heat pump water heaters, central pellet boilers and furnaces, and advanced cord wood and pellet stoves.

  • 0% interest financing for low-moderate income Vermonters
  • Finance 100% of your project
  • Can be processed in as little as two business days
  • Low-to-no closing costs (can be rolled into loan), loan terms of up to 15 years

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On-Bill Financing

The Weatherization Repayment Assistance Program (WRAP) is a financing option that allows households to pay for comprehensive weatherization projects through a monthly charge on their participating utility’s electric or natural gas bill with no credit check required. When paired with a weatherization project, you can also finance heat pumps and advanced wood heating systems.

  • No credit check required
  • Pay for your project on your monthly utility bill
  • Reduces or eliminates upfront costs
  • Includes rebates from Efficiency Vermont and your utility

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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 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 10 years
  • No prepayment penalty

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.