The BeSMART Home Loan Program provides financing to improve the energy efficiency and comfort of your home. By replacing and upgrading appliances, heating, ventilation and cooling systems, and whole house envelope improvements – homeowners can save on the utility bill.
The BeSMART loan is an unsecured loan based on verification of credit and ability to pay.
Rate is 4.99% APR
Up to $30,000 in financing is available for energy efficiency measures for a term up to 10 years.
ELIGIBLE ENERGY SAVING MEASURES
*Financing for solar photovoltaic installation is capped at a 1:1 match to the cost of energy efficiency measures.
**Up to 25% of the cost of the energy measures can be used to complete health and safety improvements that are necessary for the energy improvements – including ventilation, abating asbestos, mold or lead, and code compliance.Borrowers may be required to pay for any costs not covered by this percentage to complete the project.
An energy audit identifies the cost effective and essential energy improvements for your home – to reduce costs and add comfort.
If you are a customer of an EmPOWER Maryland utility – you are encouraged to use a Participating contractor in the programs listed above for installing your measures to ensure you maximize available rebates.
For BeSMART, homeowners are encouraged to also choose their weatherization and energy efficiency professionals from the list of eligible providers linked below. The Maryland Department of Housing and Community Development identified contractors that have a Maryland Home Improvement Contractor license and have met our insurance requirements. Be SMART Approved Contractors (PDF) (Excel)
To use a contractor not on the BeSMART list, the contractor must complete an application to the program.
CONTACT: BeSMART Home Loan Program
Community Development Administration
Maryland Department of Housing and Community Development
BeSMART Home Loan Brochure