Consider an “energy loan” or “green loan” for your home energy project. These loans tend to have lower interest rates, longer terms, and more flexibility.
It is helpful to have a cost estimate from a contractor before seeking approval for financing. You can even ask your contractor about financing options that have worked for other customers like you.
Speak with a knowledgeable loan adviser about your specific situation to determine what financing options make the most sense for you. We also recommend you ask your current local lender if they offer an energy loan. The options listed below are likely only a few of the many available.
In sharing information about specific lending institutions below, Vital Communities is in no way endorsing or recommending particular financing partners or products. Details about specific loans may be out of date, so always contact the lending institution to confirm current rates and terms. As with any contract you may enter into, we urge you to read and understand the “fine print” and seek expert advice as necessary.
State-Sponsored Financing Programs
Efficiency Vermont Home Energy Loan
Fast, easy, and flexible financing for all Vermonters. Interest rates as low as 0% for low and moderate income Vermonters. Can be used toward weatherization, heat pumps, wood heat, water heaters, appliances, and related health and safety upgrades.
New Hampshire Residential Energy Efficiency Loan Program
Sponsored by NHSaves, this program offers 0% and 2% loans through local lenders to cover the cost of insulation, air sealing, and other approved energy efficiency updates to your home.
Other Energy Loan Options in the Upper Valley
Bar Harbor Bank and Trust
Offers a fixed-rate Energy-Efficient Home Equity Loan with a special rate for qualifying energy-efficient improvements made to your primary home. Qualifying improvements include replacing old windows, installing solar panels, and upgrading your furnace, air conditioner, or other appliances. Call 888-853-7100 or click below for more information.
Claremont Savings Bank
Offers a Home Improvement Personal Loan with a rate discount available when funds are used toward home energy efficiency upgrades. Call 800-992-0316 or click below for more information.
Mascoma Bank
Offers a Solar Loan and an Energy Efficiency Loan, each described in detail on the bank’s website, along with contact information for Mascoma Bank’s Solar and Energy Efficiency Specialist if you have further questions.
Northfield Savings Bank
Offers a Energy Improvement Personal Loan for home improvements like replacement windows or a new furnace can lead to savings on your heating or electricity bills. Call 800-NSB-CASH or click below for more information.
Service Credit Union
Offers an Energy Efficiency Personal Loan to help borrowers pay home heating bills and make energy-efficient home improvements, with a lower fixed rate than their standard personal loan. Call 800-936-7730 or click below for more information.
VSECU VGreen Program
Offers an impressive suite of green programs, including loans for home energy improvements, electric vehicles and bicycles, off-grid morgages, and more. They even offer a green Money Market investment program. To be eligible, you must live or work in Vermont, or be a member of the New England Sustainable Energy Association (it is possible to become an individual member of NESEA for less than $100). Call 800-371-5162 or click below for more information.