Energy Loans

Energy costs weighing you down? We can help!

Energy Loans


Want to lock in a great rate by pre-purchasing your heating oil? Would new doors, windows, or siding really help to bolster your home’s energy efficiency? Have you been thinking about supplementing your home heating this winter with a new wood or pellet stove? OTIS can help! We now offer energy loans to our members at competitive rates year-round, which can be used to purchase fuel, oil furnaces, windows, siding with weather wrap, wood or pellet stoves, wood or pellet furnaces, new interior and/or exterior doors, heat pumps, solar panels, and geothermal heating systems.


An energy loan can…
  • Make home energy expenses and improvements more affordable
  • Help you to save money by boosting your home’s energy efficiency and subsequently reducing your utility bills
  • Enhance the comfort of your home
  • Increase the value of your home via energy-related upgrades

Loan terms and interest rates vary depending on credit score.
  • A one-year unsecured loan for the purchase of fuel is discounted by 2.00% from the current personal loan interest rate for which the applicant qualifies.
  • A multi-year unsecured loan for replacements, upgrades, or energy improvements is discounted by 2.00% from the current personal loan interest rate for which the applicant qualifies.
  • Secured loans for replacements, upgrades, or energy improvements using collateral for security are discounted by 1.00% from the current secured loan interest rate for which the applicant qualifies.
  • All funds disbursed will be paid directly to the dealer, supplier, contractor, or vendor.

 Kariss RichardsLoan OfficerExtension 128
Caitlin LakeLoan OfficerExtension 108
Jamie TurcotteLoan ManagerExtension 124

Please note: If you apply during non-business hours, we will contact you the next business day.


Apply for a Loan

Apply 24 /7, 365 days a year!

View Loan Rates

Low rates & seasonal specials!