What is the benefit of a revolving loan fund?
Gov. Baldacci: The revolving loan fund is intended to continue long after the initial federal grants funds are exhausted. Repayment of PACE loans will generate a continuing revenue stream to keep interest rates low and ensure the loan fund is replenished at no cost to Maine taxpayers. While Efficiency Maine is still working out the details, the goal is to make the revolving loan fund sustainable and available for future participants to lower their energy bills. Alliance: Earlier this year, the U.S. DOE announced that Efficiency Maine was one of the largest winners of funding to establish a revolving loan fund to help Maine homeowners finance the costs of insulation, air sealing, heating system upgrades and other energy improvements. What options are there for other states or even municipalities interested in similar financing? Gov. Baldacci: Our prior commitment to energy efficiency as a major component of the State’s comprehensive state energy plan was instrumental in convincing DOE t
