Viewing rebates for BANGOR, ME

FHA PowerSaver Loan Program

Valid: 01-26-2015

Amount: $7500.00 to $25000.00

Description:

Federal Housing Administration (FHA) PowerSaver loans provide three financing options for homeowners to make home energy efficiency and renewable energy upgrades or improvements. FHA PowerSaver financing products are insured by the FHA.

PowerSaver started as a 2-year pilot program in 2011. The U.S. Department of Housing and Urban Development (HUD) and the FHA developed PowerSaver as part of the Recovery Through Retrofit initiative launched in May 2009.

Eligible Measures

Eligible home energy upgrades include, but are not necessarily limited to, the following:

  • A whole home upgrade through Home Performance with ENERGY STAR
  • Insulation and air sealing
  • Replacing doors and windows
  • Upgrading heating, ventilation, and air-conditioning systems and hot water systems
  • Home automations systems and controls (e.g., smart thermostats)
  • Installing solar photovoltaic (PV) systems, solar thermal hot water systems, small wind power, or geothermal heat pumps

Availability and Eligibility

For all three PowerSaver products, borrowers must select from a list of approved PowerSaver lenders and locations. PowerSaver products are not currently offered in all states, so all potential applicants are encouraged to first check the program website to ensure product availability in their location.

PowerSaver is available to borrowers with good credit and manageable overall debt.

PowerSaver Home Energy Upgrade—Up to $7,500

This unsecured consumer loan is intended for smaller projects (e.g., insulation, air and duct sealing, water heating, replacing heating and cooling equipment, etc.). It does not require a home appraisal or lien on the property. Single-family homeowners may qualify for the loan if they have manageable debt and a credit score of 660 or higher. Interest rates vary, but typically range from 4.99% to 7.75%. PowerSaver participating lenders, markets, and contact information is available here.

PowerSaver Second Mortgage (Title I)—Up to $25,000

This Title I loan is intended for financing larger retrofit projects, including energy efficiency, PV, solar hot water, geothermal, or other renewable energy projects. A home appraisal or equity is generally not required, but PowerSaver lenders may request it if required by their investor. Borrowers cannot currently have an existing home equity loan, a second lien, or second mortgage to qualify for this product. Interest rates vary but typically range from 4.99% to 9.99%, and the maximum loan term is 20 years. PowerSaver Title I participating lenders, markets, and contact information is available here.

PowerSaver Energy Rehab (203(k))—First mortgage up to FHA loan limits

This 203(k) loan is for home purchase or refinance, targeting either home buyers wishing to combine home improvements with a home purchases or to homeowners wishing to include home improvements when refinancing an existing mortgage. It is FHA-insured up to 100% for a home purchase or refinance, plus the cost of a home improvement project. Current loan limits for a single-unit property vary by area from $217,500 to $625,000 (higher amounts are permitted for two-, three- and four-unit properties); specific loan limits for an area can be found at this website. In order to qualify as a 203(k) PowerSaver loan, at least $3,500 of the home improvements must consist of eligible PowerSaver measures. PowerSaver 203(k) participating lenders, markets, and contact information is available here.

The two types of PowerSaver 203(k) loans are Standard and Streamlined. Standard 203(k) loans are for major improvements, where a home improvement project costs at least $5,000 and includes $3,500 in energy upgrades. The Streamlined 203(k) loans are for minor home improvements, where the home improvement project cost must not exceed $35,000. A HUD consultant is only required for oversight of home improvements for Standard 203(k) loans. 


Federal Tax Credit - Geothermal & Solar Hot Water

Valid: 01-01-2006 to 12-31-2017

Description:

Tax Credit:  30% of cost with no upper limit.


Geothermal heat pumps
  • There is no maximum credit for systems placed in service after 2008. The maximum credit is $2,000 for systems placed in service in 2008.
  • Systems must be placed in service on or after January 1, 2008, and on or before December 31, 2016.
  • The geothermal heat pump must meet federal Energy Star criteria.
  • The home served by the system does not have to be the taxpayer’s principal residence.

 

Solar water-heating property

  • There is no maximum credit for systems placed in service after 2008. The maximum credit is $2,000 for systems placed in service before January 1, 2009.
  • Systems must be placed in service on or after January 1, 2006, and on or before December 31, 2016.
  • Equipment must be certified for performance by the Solar Rating Certification Corporation (SRCC) or a comparable entity endorsed by the government of the state in which the property is installed.
  • At least half the energy used to heat the dwelling's water must be from solar in order for the solar water-heating property expenditures to be eligible.
  • The tax credit does not apply to solar water-heating property for swimming pools or hot tubs.
  • The home served by the system does not have to be the taxpayer’s principal residence.


Efficiency Maine - Solar and Wind Energy Rebate Program

Description:

Incentive Type: State Rebate Program

Eligible Renewable/Other technologies: Solar Water Heat, Solar Space Heat, Photovoltaics, Wind

Applicable Sectors: Commercial, Industrial, Residential, Non-profit, Schools, Local Government, State Government, Fed. Government, Agricultural, Institutional

Amount:PV: $2/W, Solar thermal: 25%, Wind Energy Systems: $1/W

Maximum Incentive: PV systems: $2,000, Solar Thermal Systems: 25% or $1,000 whichever is less, Wind energy systems: Residential $2,000 Commercial $4,000

Eligible System Size: PV systems: 100kW maximum, Wind: 100kW maximum

Installation Requirements: PV installers must be a Master Electrician's and be NABCEP certified or working with someone who is NABCEP certified. Solar thermal water systems installers must be certified by the PUC and must hold a state license as a Master Plumber, a Master Oil Burner Technician, or a Propane and Natural Gas Technician, or who is U.S. EPA-approved as a Type II, Type III or Universal HVAC Technician. Solar-thermal systems that heat potable water must be installed under the auspices of a Master Plumber. Wind energy systems must be grid-tied and installed by a factory trained and approved dealer for the system and working under the supervision of a Master Electrician.

Summary:

Efficiency Maine is accepting rebate reservations at this time for all three technologies eligible under the program. Once a reservation is approved for funding, the applicant has 120 days to complete the project. Funding is not guaranteed and is on a first come, first served basis. 

Solar Photovoltaics
An owner or tenant who purchases a photovoltaic (PV) system qualifies for a rebate of $2 per watt (AC), with a maximum incentive of $2,000. PV systems must be installed by a Master Electrician who is NABCEP-certified or by a Master Electrician working with a NABCEP-certified installer. An energy audit is required in order to qualify for a rebate for a PV system. See the program web site for a list of participating auditors. 

Solar Thermal
An owner or tenant who purchases a solar-thermal system (for heating water or space) qualifies for a rebate that varies by the application and efficiency of a building:

  • Residential systems: lesser of 25% of project cost or $1,000;
  • Residential systems for new Energy Star homes and homes improved under the Maine Home Energy Savings Program: lesser of 25% of project cost or $1,500;
  • Commercial systems: lesser of 25% of project cost or $1,000

Only solar water-heating systems installers listed by Efficiency Maine as approved installers will be accepted.  

Wind
For residential wind-energy systems, the rebate is $1 per watt (W) up to 2,000 W, not to exceed $2,000. For non-residential wind-energy systems, the rebate amount is $1 per 1 W up to 4,000 W, not to exceed $4,000. To qualify, wind-energy systems must be installed by a licensed master electrician and must meet siting requirements.

The rebate program has been historically funded by an assessment on the state's transmission and distribution utilities. A total of $500,000 in funding has been available for rebates annually. Of this sum, the Public Utilities Commission has allocated 60% to rebates for solar-thermal systems, 20% to rebates for PV systems, and 20% to rebates for wind-energy systems. During fiscal years 2009-10 and 2010-11, this rebate program was increased by $500,000 per year with money allocated from the American Recovery and Reinvestment Act.


History

In June 2005, Maine enacted legislation (L.D. 1586) creating a rebate program for photovoltaic (PV) systems and solar-thermal systems installed at homes or businesses. Legislation enacted in April 2008 (L.D. 2283) extended the program to grid-tied wind-energy systems installed after January 1, 2009. The Maine Public Utilities Commission (PUC) developed rules to implement the program. Legislation enacted in May 2009 (L.D. 220)* required the PUC to amend the rules in order to create performance standards for solar and wind energy systems and to require applicants to calculate a simple payback period as part of the application process. In September 2009, Maine passed a large energy bill called the "Act Regarding Maine's Energy Future" (H.P. 1038). This legislation transfers all of the funding and programs over to the Efficiency Maine Trust. Legislation enacted in June 2011 fixes a legislative glitch with the rebate program (a result of the Act Regarding Maine's Energy Future, the program was allowed to sunset on December 31, 2010).


* Rebates for PV and solar-thermal installations were unavailable for 2009. However, the governor signed legislation (L.D. 220) in early May 2009 directing the Maine Public Utilities Commission (PUC) to utilize funding from the American Recovery and Reinvestment Act (ARRA) to increase this rebate program by $500,000 per fiscal years 2009-10 and 2010-11.

** Resolution Chapter 152 (LD 1556) signed in March 2010 requires the PUC to study the installation requirements and provide recommendations to the Joint Standing Committee on Utilities and Energy within Maine's legislature for possible amendment.


 


Bangor Hydro Mini-Split Heat Pump Rebate

Amount: $0.00 to $600.00

Description:

Hundreds of Bangor Hydro and Maine Public Service customers took advantage of our heat pump pilot program in the last year and are saving thousands of dollars in heating costs.  The program was so successful, it has been adopted by Efficiency Maine Trust, which is offering a $500 rebate to customers who install a qualifying ductless heat pump.


Residential Geothermal Energy Credit

Description:

Residential Energy Efficient Property Credit (Section 1122): This nonrefundable energy tax credit will help individual taxpayers pay for qualified residential alternative energy equipment, such as solar hot water heaters, geothermal heat pumps and wind turbines. ARRA removed some of the previously imposed maximum amounts and allows for a credit equal to 30 percent of the cost of qualified property. 


Residential Geothermal Energy Credit

Description:

Residential Energy Efficient Property Credit (Section 1122): This nonrefundable energy tax credit will help individual taxpayers pay for qualified residential alternative energy equipment, such as solar hot water heaters, geothermal heat pumps and wind turbines. ARRA removed some of the previously imposed maximum amounts and allows for a credit equal to 30 percent of the cost of qualified property.