Energy Conservation Loan Program
Funded through the Maine Public Utilities Commission (PUC), this program provides low-interest loans to improve energy efficiency in Maine workplaces.
Eligibility
Maine-based businesses whose projects are approved by the PUC. Businesses must exhibit a reasonable ability to repay the loan.
Loan Amount / Exposure
- 90% of project cost, up to a maximum loan amount of $35,000.
Interest Rate
1% fixed for the term of the loan.
Loan Term
Usually 5 years. Longer terms may be negotiated depending on the useful life of the assets being financed or additional collateral pledged.
Security
Assets being financed and other collateral, as required.
Fees
Process
Contact the PUC to determine project eligibility. The PUC will submit completed applications to FAME for underwriting and preparation of loan closing documents. Closings are coordinated by the PUC.
Contact
For eligibility:
207-287-3318
FAX: 207-287-1039
For information:
207- 623-3263
1-800-228-3734
FAX: 207-623-0095
TTY: 207-626-2717