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Home Energy Loan Program

Eligibility 
Residential
Savings Category 
Water Heaters
Furnaces
Boilers
Heat Pumps
Air conditioners
Energy Mgmt. Systems/Building Controls
Caulking/Weather-stripping
Duct/Air sealing
Building Insulation
Comprehensive Measures/Whole Building
Custom/Others pending approval
Program Info
Sector Name 
State
Administrator 
Maryland Clean Energy Center
Funding Source 

American Recovery and Reinvestment Act of 2009

State 
Maryland
Program Type 
Loan Program
Summary 
Note: The eligible technologies listed above are only examples of some improvements that might be supported under this program as detailed on the program web site. Other improvements may be eligible and not all potentially eligible improvements will be appropriate for all participants.

The Maryland Energy Administration (MEA) joins the Maryland Clean Energy Center (MCEC) in offering low interest loans for projects which increase the energy efficiency of participating residences.

In order to be eligible, the property must be an owner-occupied primary residence located in the State of Maryland. Single-family detached homes and townhouses are eligible for loans, while condominiums and coops are unable to participate. Participants must have good credit record of at least 620 and must have the ability to repay. Interested homeowners must contact the MCEC program to pre-quality for the loan before start of the project.

The program offers unsecured financing loans from $1,500 to $20,000 at an interest rate of 9.99%. The term of the loan depends on the loan amount, with maximum of 10 years. The funds can be used to install energy efficient equipment such as HVAC, furnaces, and water heaters that are ENERGY STAR rated and also perform energy efficient upgrades including air sealing, insulation, and other projects recommended by a certified auditor.