Financing Opportunities for Maryland Customers
Interested in financing opportunities to complete energy efficiency upgrades? Loan options have been created specifically for Maryland residents looking to make high-efficiency home heating and water heating upgrades through EmPOWER Maryland programs.
Through the Clean Energy Advantage (CEA) Loan Pilot Program, Washington Gas residential customers can get a preferred interest rate on their loans; a rate that is not generally offered for the financing of clean energy home improvements. Plus, get 0% interest on the first 12 months.
Benefits of Clean Energy Loans:
- Get a fixed rate and avoid putting expenses on a high-interest credit card.
- Choose from a range of term options.
- Reduced up-front costs for high-efficiency products and services.
- Loans can be paid off for up to 10 years.
- Loan from trusted lending partners
Energy Loan Rates (0% interest the first 12 months)
| Loan Terms | Secured Loan* | Unsecured Loans** |
|---|---|---|
| Rate | As low as 2.75% | As low as 6.49% |
| Term | 3, 5, or 10 years | 3 or 5 years |
| Min/Max Amount | $3,000-$25,000 | $3,000-$15,000 |
*Secured Loan - Secured loans require some type of collateral as a condition of borrowing.
**Unsecured Loan - Unsecured loans are loans that aren’t backed by an asset such as a car or home.
Questions?
Please check out the Clean Energy Advantage FAQ page.
