1. The maximum benefit is $500, and the benefit is now 10% of the purchase price.  This is a big change from 30% up to $1,500.
2. The benefit is a lifetime benefit.  That means if you took more than $500 in benefit from 2005 - 2010, you cannot take any benefit in 2011.
3. Gas or Oil or Propane furnace or boiler benefit capped at $150.
4. Efficient property (such as insulation) capped at $300.
5. Window benefits capped at $200.

The first step toward securing a loan is completing a home energy audit performed by a certified auditor. The resulting assessment is likely to recommend several ways a home can save energy.

With audit recommendations in hand, Marylanders can go to http://MCECloans.org to apply. These loans do not need to be secured by the owner's home or other large asset. The clean energy loan amounts are capped at $20,000; the interest rate is 6.99%. Most unsecured loans at commercial banks carry interest rates at twice that rate.

The approval process typically takes a few days. Improvements need to be performed by contractors with a Maryland Home Improvement Certification.

Homeowners with proof of a qualifying audit since July 1, 2010 can proceed immediately to the application.

Contact: Maryland Clean Energy Center at 301-738-6280 or loans@mdcleanenergy.org