Solar & Battery Regulation & Incentive Programs

Energy Conservation Loan

Program Overview


Category:
Financial Incentive
Program Type:
Loan Program
Implementing Sector:
State
State:
Connecticut
Eligible Storage Technologies:
Solar - Passive, Solar Water Heat, Solar Space Heat, Solar Photovoltaics, Wind (All), Biomass, Geothermal Heat Pumps, Water Heaters, Furnaces, Boilers, Heat pumps, Air conditioners, Programmable Thermostats, Caulking/Weather-stripping, Duct/Air sealing, Windows, Siding, Roofs, Other EE, Wind (Small)
Website:
https://www.capitalforchange.org/homeowners/energy-efficiency-programs/about-plan
Maximum Loan:
Single family homes (1-4 family units): $25,000
Landlord Loan: $40,000
Loan Term:
0-7% depending on the program, income, family size, and location
Repayment term up to 12 years (subject to change)
Administrator:
Connecticut Housing Investment Fund
Applicable Sectors:
Residential, Multifamily Residential
Last Updated:
07/27/2020
Funding Source
Connecticut Department of Housing (DOH)

Summary

Energy Efficiency Loans are available through the Capital for Change, Inc. to owners of one- to four-family homes . Some programs have established income limits and location requirements. Interest rates vary in accordance with the borrower's family size and income, and the loan may be repaid over up to 12 years. For certain programs, single-family homes can receive a 0% interest rate if the family has below a 50% Median Income.

Applications for these programs are available from the program web site above. In addition to the application, the borrower must submit copies of the past two years' federal tax returns (with schedules) and a copy of a monthly mortgage statement (or a release of mortgage or deed).


Authorities

NameEnacted DateEffective DateExpired Date
C.G.S. 16a-40b
H.B. 63606/21/20136/21/2013