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Incentives and Financing
“I decided to get the head-to-toe retrofit treatment and had all of the recommendations from the audit report implemented. I knew it would pay off and the 50% rebates really sealed the deal. The financing for my project was very easy and they completed all the paperwork for me. Since the retrofit work was completed, I have felt a noticeable difference in my home. The furnace doesn’t kick on as often, and the first energy bill I received after the retrofit was cheaper!”
The State of Maryland provides financial incentives that make an energy upgrade incredibly affordable. Homeowners can expect to make back the entire cost of the energy through utility bill savings in under four years (the payback period). Now is the time to take advantage of these incentives and invest in a home energy upgrade.
State of Maryland Financial Incentives
• The Energy Assessment: $100 (regular price $495)*
• Home Energy Improvements: rebates that typically cover 30% – 60% of the total cost
• Moderate-income households may qualify for additional incentives
Loans
The Maryland Home Energy Loan Program (MHELP) offers low interest loans at 9.99% to those to want to retrofit their homes. Visit their website for more information.
Average Return on Investment
| Average Cost to Homeowner | Regular Price | Annual Energy Savings | Return on Investment | Payback Period |
|---|---|---|---|---|
| $2,700 | $5,000 | $800 (20%) | 30% | 3.4 Years |
Interested in a home energy retrofit? Contact us to find out more.
* Subsidized cost to the homeowner for homes up to 3,000 sq ft. Additional charges apply for larger homes.