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Be SMART Home Efficiency Loan Program (Maryland)
Incentive/Active true  +
Incentive/Amt Varies  +
Incentive/ApplDsc Residential  +
Incentive/ContAddr 100 Community Place  +
Incentive/ContDept Maryland Department of Housing and Community Development  +
Incentive/ContDiv Community Development Administration  +
Incentive/ContEmail  +
Incentive/ContName Program Administrator - Be SMART Homes  +
Incentive/ContPhone (410) 514-7989  +
Incentive/ContPlace Crownsville, Maryland  +
Incentive/ContWebsite  +
Incentive/ContZip 21032  +
Incentive/EnergyCat Energy Efficiency Incentive Programs  +
Incentive/FundSrc American Recovery and Reinvestment Act (ARRA); State Energy Program  +
Incentive/ImplSector State/Territory  +
Incentive/MaxInc Maximum loan of $15,000  +
Incentive/Name Be SMART Home Efficiency Loan Program (Maryland)  +
Incentive/ProgAdmin Maryland Department of Housing and Community Development  +
Incentive/ProgBudget $20 million (collective funding for residential, multi-family residential, and commercial)  +
Incentive/Summary <strong><i>Note: The eligible …
<strong><i>Note: The eligible technologies listed above are only examples of some improvements that might be supported under this program. Other improvements may be eligible.</i></strong> Under the Be SMART Homes program, the Maryland Department of Housing and Community Development offers loans to homeowners for energy efficiency retrofit projects in their primary residence. The program offers unsecured loans of up to $15,000 with terms of 3, 5, or 10 years. Interest rates vary depending on which type of loan a homeowner chooses: <ul><li><strong>Be SMART Home Energy Star</strong>, which supports appropriate heating and cooling and purchases of Energy Star appliances, has a 6.99% interest rate. <li><strong>Be SMART Home Complete</strong>, which supports a wide variety of efficiency improvements based on the results of a required energy audit, has a 4.99% rate.</ul> Participants of either loan option must work with a program-approved weatherization contractor. In addition, in order to qualify for a loan, residents must have a credit score of at least 640, a debt-to-income ratio of 50% or less, and have their income level verified. Separate energy efficiency loan programs exist under the Be SMART initiative for energy efficiency in multi-family buildings and business properties. Please see the program web site for additional details. <i>This program is part of the U.S. Department of Energy's (DOE) [ Better Buildings Program]. The DOE has awarded over $500 million in federal funds to more than 40 states, local governments, and organizations to administer local programs targeting a variety of building types. Combined, these local programs are expected to improve the efficiency of more than 170,000 buildings through 2013 and save up to $65 million in energy costs annually.</i>
illion in energy costs annually.</i>  +
Incentive/TechDsc Boilers + , Building Insulation + , Caulking/Weather-stripping + , Ceiling Fan + , Central Air conditioners + , Custom/Others pending approval + , Doors + , Duct/Air sealing + , Equipment Insulation + , Furnaces + , Heat pumps + , Lighting + , Programmable Thermostats + , Refrigerators + , Water Heaters + , Windows +
Incentive/TechDscOther Ventilating Fans; Furnace Cleaning/Tuning; Energy Saving Health and Safety Measures  +
Incentive/Terms Unsecured loans with 3, 5, or 10 year term; interest rate of 4.99% for Be SMART Home Complete loans; 6.99% for Be SMART Home Energy Star  +
Incentive/Type State Loan Program +
OpenEI/PageDescription Be SMART Home Efficiency Loan Program (Maryland): energy incentive program.  +
OpenEI/PageKeyword Energy Incentives  + , Maryland  + , State Loan Program  + , Maryland Department of Housing and Community Development  +
Place Maryland: Energy Resources +
Website  +
Categories Financial Incentive Programs , Pages with reference errors , Incentive with Contacts
Modification date
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18:09:06, 12 February 2015  +
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