For a limited time, Efficiency Maine is running a promotional initiative for eligible small businesses in the Biddeford/Saco area. This initiative offers special financial incentives when qualifying small businesses upgrade to high-performance heat pumps and high-efficiency LED lighting. Loan options for eligible projects also are available up to $10,000 at a 4.99 percent Annual Percentage Rate (APR).
The program connects local businesses with local electricians who provide turnkey lighting and heat pump assessment and installation services. Through the initiative, Efficiency Maine will pay approximately 80 percent of the cost to convert old, inefficient lighting to LEDs; provide financial incentives to install high-performance heat pumps up to $2,000 per zone for a maximum of $6,000 or three zones, as well as offer loan options for these projects up to $10,000 at a 4.99 percent APR. More information is available at www.efficiencymaine.com/at-work/small-business-initiative.
On average, small businesses that have upgraded to LEDs through this program are saving $100 a month on their lighting costs.
Only small businesses taking service from their electric utility as “Small General Service” (SGS) or “General Service” (GS) customers on their electric bill are eligible to participate. For more information, businesses can click here to see a bill example. Other businesses are not eligible but may qualify for other incentives offered through Efficiency Maine. See efficiencymaine.com for more information.
The initiative will only be available to eligible businesses in the Biddeford and Saco Arundel and Dayton. Businesses in other regions not covered by this opportunity can periodically check the Efficiency Maine website at https://www.efficiencymaine.com/at-work/small-business-initiative/ to learn where future initiatives may be offered.
Interested businesses can call 866-376-2463 or go to www.efficiencymaine.com/at-work/small-business-initiative to sign up for a free lighting assessment and/or heat pump consultation. A local electrician will contact the business to schedule an assessment and to develop an upgrade plan.
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