BeSMART Energy Efficiency Loan for Maryland Homeowners


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Homeowners looking to upgrade their HVAC equipment to more energy-efficient systems will be happy to learn that the cost may be more affordable than they thought, thanks to the Maryland BeSMART Energy Efficiency Loan program.

Through this special program, homeowners may be eligible to receive an unsecured loan to support the cost of their energy-efficient home upgrades.

This blog post provides important details about the BeSMART Energy Efficiency Loan program to help homeowners understand their options and make the most informed decision regarding their HVAC upgrades.

What Is the BeSMART Energy Efficiency Loan?

The BeSMART Energy Efficiency Loan program offers special financing solutions to qualifying families throughout Maryland to help them afford their energy-efficient home upgrades.

Under the program, homeowners may benefit from these loan terms for any qualifying energy-efficient HVAC installation or replacement:

  • Up to $30,000 financing with a term of up to 10 years
  • Minimum loan amount of $5,000
  • 6.99% APR

Who Is Eligible for the Maryland BeSMART Energy Efficiency Loan?

The Maryland BeSMART Energy Efficiency Loan is available to homeowners based on their ability to pay and verification of credit. Here are the minimum eligibility requirements to redeem program benefits:

  • Must be a Maryland homeowner
  • Credit score of 640 or higher
  • Your debt-to-income ratio must not exceed 50%

It’s best to consult with a financial advisor or loan officer to understand your options and whether you qualify for the BeSMART Energy Efficiency Loan program.

What Energy Savings Measures Qualify for the Loan?

Under the loan program, homeowners may perform several energy-saving upgrades to qualify for special financing. These include any installations or replacements for:

If you’re unsure whether your HVAC installation or replacement project qualifies for the loan, contact a skilled heating and cooling specialist. They can guide you through the program specifications to ensure your project qualifies you for special financing.

How To Apply for the BeSMART Energy Efficiency Loan

Applying for the BeSMART Energy Efficiency Loan program is a simple process. Here’s what you need to do:

  • Submit the BeSMART Loan application or send a paper application by mail.
  • Provide all necessary income documentation to get loan pre-approval.
  • Submit your project specifications, including the scope of work, contractor estimates, and ENERGY STAR equipment details.
  • Complete the loan documents provided after your project is approved, ensuring they’re signed and notarized.

Once your loan has been approved and you’re ready to begin work, funds will be withdrawn from your account.

From there, you and your chosen contractor will work together to confirm that work has been completed according to the program standards, submit photos, and sign a Certificate of Completion for the final loan amount to be issued to your account.

Enhance Your Energy Efficiency With McCrea Heating & Air Conditioning

Ready to start redeeming program benefits and enhancing the energy efficiency of your home? McCrea Heating & Air Conditioning is here to help.

We offer a range of ENERGY STAR-certified heating and cooling equipment that qualifies for the BeSMART Energy Efficiency Loan program, allowing you to get the special financing you need to complete your project.

Consult with our team to explore your energy-efficiency home upgrade options by calling 301-304-8789 today.

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