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The Maine Public Utilities Commission approved Efficiency Maine's three-year plan to continue programs to improve the efficiency of energy use and reduce greenhouse gases.
But some programs could see hits from changes in federal funding or policies.
“The chief impact of federal action that is already happening is the delay in our expansion of our loan program for energy upgrades to homes and businesses,” Michael Stoddard, executive director of Efficiency Maine, told Mainebiz. “We expect to hear soon whether the funds will be unfrozen.”
He continued, “Longer term, we will have to see what happens from any changes to the tariffs or the tax code.”
The plan spans the period from July 1, 2025, through June 30, 2028.
It continues core programs for homeowners and businesses that include financial incentives for energy-saving technology such as heat pumps, along with consumer information, technical support and links to contractors.
The plan forecasts that Efficiency Maine programs will result in 38,000 homes heated entirely with heat pumps (including 6,500 low-income homes); 9,900 homes weatherized, with 137 megawatts of summer peak grid-load reductions by 2028.
A typical Maine home heated entirely with heat pumps will save more than $600 per year on their heating bill, according to a news release.
Other elements of the plan include:
The plan forecasts that the programs will result in more efficient use of the grid, resulting from electrification of heating and transportation will suppress electricity rates by more than $490 million over the long term.
Stoddard said the plan is expected to continue growth of the market, which has provided a source of economic activity for hundreds of small businesses and jobs for their employees.
Stoddard said that core rebates that Efficiency Maine offers for heat pumps and weatherization in homes and businesses are principally funded using sources of revenue other than federal funding.
The agency offers several smaller, discrete programs that use federal funding and have been operating this year. The plan is to continue them next year.
“Presently, those funds remain available to us and have not been interrupted,” he said.
However, one initiative that might be affected by recent federal actions is the agency’s plan to expand the availability of loans for homes and businesses installing energy upgrades.
“We are currently offering loans for a short-list of home and business energy upgrades, but have made plans to offer them to a broader array of customers, including larger businesses and institutions, and for a wider scope of upgrades such as emergency back-up batteries using recently granted federal funds,” Stoddard said. “The federal government has temporarily frozen the funds we were intending to use to capitalize these loans, and we are awaiting a court ruling to determine if the funds will become accessible.”
He continued, “Also, if federal tariffs result in higher prices for energy appliances, or if the federal government changes available tax credits, Maine consumers may have to pay more to make the improvements they have planned for their homes and businesses.”
The Efficiency Maine Trust is the independent, quasi-state agency established to plan and implement energy efficiency programs in Maine. Its programs provide consumer information, marketing support, demonstration pilots, discounts, rebates, loans and other initiatives to promote high-efficiency equipment and operations for homes, businesses and institutions to reduce energy costs and lower greenhouse gas emissions. Efficiency Maine is governed by a board of rrustees with oversight from the Maine Public Utilities Commission.
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Learn moreThe Giving Guide helps nonprofits have the opportunity to showcase and differentiate their organizations so that businesses better understand how they can contribute to a nonprofit’s mission and work.
Work for ME is a workforce development tool to help Maine’s employers target Maine’s emerging workforce. Work for ME highlights each industry, its impact on Maine’s economy, the jobs available to entry-level workers, the training and education needed to get a career started.
Whether you’re a developer, financer, architect, or industry enthusiast, Groundbreaking Maine is crafted to be your go-to source for valuable insights in Maine’s real estate and construction community.
Coming June 2025
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