Financing & Rebates

Maine Energy Systems has several available financing options with Title 1 FHA banks that provide homeowners with the opportunity to quickly and affordably finance energy improvements. Financing typically requires no equity in your home, is FHA insured, no appraisals are necessary, interest may be tax deductible to you as the homeowner, and there is no pre-payment penalty.


Account Representative

Tel: 401-773-9888

Home Loan Investment Bank, FSB is a federally regulated, FDIC-insured savings bank with branches in Providence and Warwick, Rhode Island, and is dedicated to helping customers with financial needs through a team of experienced and friendly bank representatives.

Other Financing Options


Vermont State Employees Credit Union offers several loan products for energy improvements to Vermonters and people employed in the state of Vermont.

One Bailey Avenue
Montpelier, VT 05602-3401
P: 802-800 371-5162

Ledyard National Bank
Mascoma Bank

Available State Rebates

New Hampshire

The Public Utilities Commission offers rebates on both residential and commercial/municipalities installs. The program provides a rebate payment of 40% of the system and installation cost of up to $10,000 or $65,000, respectively.

Residential Rebate

Rebate up to a maximum of $10,000, for New Hampshire residents who invest in high-efficiency (80% or greater), bulk-fuel fed, wood-pellet central heating boilers and furnaces. In order to be eligible, the system must be a pellet boiler or furnace functioning as a central heating system. It also must have at least 3 tons of pellet storage and the pellets must be automatically fed from that storage to the furnace or boiler.

Commercial Rebate

Commercial rebate payment of 40% of the heating appliance(s) and installation cost, up to a maximum of $65,000, for investments in non-residential bulk-fuel fed wood pellet boilers and furnaces of 2.5 million BTU or less, that become operational, serving designed intent and installer-certified.


Efficiency Vermont offers a rebate of up to a total of $6000 per install when installed by a qualifying installer such as Lyme Green Heat. Installation must be classified as an indoor system and be installed inside. Also, there must be at least one week fuel-storage and automated on/off and fuel feed. Replacement or expansion of existing biomass systems and/or components (including cord wood boilers) and replacement of existing electric heating systems do not qualify.

The CEDF is now offering Vermont home and business owners additional cash incentives to switch from coal to advanced wood heating.

A homeowner who changes out a coal stove or boiler with an eligible pellet stove or central wood heating system can receive up to 50% of the cost (or $10,000, whichever is less) as an incentive from the CEDF, including disposal costs for old coal systems. The added cash incentive is in addition to the existing $3,000 available from the CEDF for a pellet boiler/furnace. New pellet heating systems are also eligible for incentives and financing through Efficiency Vermont. Businesses can receive up to $30,000 toward a coal heating system change-out.


Through its Go Clean program, MassCEC offers information on the technology, equipment, and installers for modern wood heating. Residents interested in central pellet heating systems for their homes can find more information at this website.