Up to $30,000
Type of Incentive
Type of Product
Earth Power Loan
Who Is Eligible
Residential Earth Power Loan is an option for those who like to make energy efficiency upgrade to their home.
The minimum allowable loan amount is $500.
The maximum allowable loan is $20,000 for geothermal ground source heat pumps, $10,000 for air source heat pumps; $7,500 for solar thermal water heaters; and $30,000 for solar photovoltaic panels.
The annual fixed interest rate is 4.9%. The maximum term is fifteen years and additional payments can be made at any time after the first six months with no interest penalty. Monthly installments are included on the customer’s energy bill.
Steps to Get This Rebate:
- Click here for information on hiring a contractor. Once hired, the contractor will complete the necessary paperwork.
When the Rebate Ends:
For More Information:
Earth Power Loan website
Phone: 888-MBHYDRO (888-624-9376).