For a limited time, Efficiency Maine is running a promotional initiative for eligible small businesses in the Belfast area. This initiative offers special financial incentives when qualifying small businesses upgrade to high-performance heat pumps and high-efficiency LED lighting. Loan options for eligible projects also are available up to $10,000 at a 4.99% annual percentage rate.

The program connects local businesses with local electricians who provide turnkey lighting and heat pump assessment and installation services. Through the initiative, Efficiency Maine will pay approximately 75% of the cost to convert old, inefficient lighting to LEDs; provide financial incentives to install high-performance heat pumps up to $2,000 per zone for a maximum of $6,000 or three zones; and offer loan options for these projects up to $10,000 at a 4.99% APR. More information is available at efficiencymaine.com/at-work/small-business-initiative.

On average, small businesses that have upgraded to LEDs through this program are saving $100 a month on their lighting costs.

Only small businesses taking service from their electric utility as “Small General Service” (SGS) or “General Service” (GS) customers on their electric bill are eligible to participate.

The initiative will only be available to eligible businesses in the Belfast area (Belfast, Islesboro, Lincolnville, Morrill, Northport, Prospect, Searsport, Stockton Springs, Swanville and Waldo) until Aug. 31.

Interested business owners can call 866-376-2463 or go to efficiencymaine.com/at-work/small-business-initiative to sign up for a free lighting assessment and/or heat pump consultation. A local electrician will contact the business to schedule an assessment and to develop an upgrade plan.

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