Mainers, on the whole, seek out value—just ask the thousands of Uncle Henry’s subscribers out there. So, when it comes to investing in new energy-efficient appliances and heating and cooling systems, it’s always a bonus when you’re able to score a great deal.
While you’ll save substantially on your energy bills over the long-term by making the switch to energy-efficient appliances and systems, Maine also offers a number of rebates and incentive programs to make the thought of changing your equipment even more appealing.
Efficiency Maine, a Maine state government initiative, provides a wealth of material about rebate and incentive programs on its website. Here’s a sampling of what’s available:
Under the Home Energy Savings Program, which has a total cap of $1,500 in incentives for residential buildings of up to four units, you can choose from:
Up to $400 for air sealing:
If you use weatherstripping or caulking to seal your home against air leaks, and then get an assessment done by a BPI-certified professional, you could get up to $400 in rebates.
Up to $1,000 rebate for home insulation:
If you insulate your home’s walls, attic, or basement, you’re eligible for a rebate of up to $500 for each insulation measure, or $1,000 for multiple insulations with a minimum $3,000 total cost.
Up to $750 for supplemental heating system installation:
You can receive a $250 rebate for purchasing an EPA-approved wood stove or pellet stove. If you purchase a ductless heat pump (typically around $3,500 for equipment and installation), you could receive a rebate of $500.
Up to $500 for a high-efficiency central heating system:
When you make the move to an Energy Star-rated furnace or boiler, or install an air source heat pump, you’ll be eligible for an incentive of $500, provided you’ve spent at least $1,500 on the project.
You are also eligible for a $5,000 rebate for choosing one of two energy efficient heating system options:
- A geothermal heat pump
This type of home heating and cooling system naturally draws heat or cools the air in your house using an underground loop system. The system cost and installation typically costs approximately $40,000, but is eligible for a 30% federal tax rebate in addition to the $5,000 state rebate, bringing the total cost down to $23,000. Based on anticipated savings, the system will lead to nearly $50,000 in savings over a 20-year period.
- A pellet boiler
These automated pellet-burning stoves are connected to a central heating and hot water system, and can help you save up to 60% on your annual heating costs. Pellet boiler equipment and installation pricing starts around $9000, bringing the cost down to $4,000 with the rebate program. Criteria for eligible pellet boilers can be found here.
Visit Efficiency Maine to find out about applying for state-run incentives and rebates to make your home more energy-efficient and save money on your power bill for years to come.