Solar & Battery Regulation & Incentive Programs

Home Energy Solutions Loan Program

Program Overview


Category:
Financial Incentive
Program Type:
Loan Program
Implementing Sector:
State
State:
Connecticut
Eligible Storage Technologies:
Water Heaters, Furnaces, Boilers, Heat pumps, Air conditioners, Building Insulation, Windows
Website:
https://www.capitalforchange.org/homeowners/energy-efficiency-programs/hes-plan
Maximum Loan:
$1,000 - $3,000
Loan Term:
36 months
Interest Rate:
0% APR
Applicable Sectors:
Construction, Residential, Multifamily Residential, Low Income Residential
Last Updated:
07/31/2020

Eligibility Criteria

EligibilitySectorsTechnologies

Summary

Capital for Change in partnership with the electric and gas utilities offers variety of low interest loans to finance energy efficiency upgrades. The program offers On-Bill Repayment financing, where the loan amount can be paid through a surcharge on the monthly electricity bill. The loans are not transferable, and there currently is no collateral requirement. 

Eligibility

Customers of Eversource (formerly CL&P) and United Illuminating are eligible for the program. Applicants must own a single or two-family home (including condos and vacation homes). 

HES Payment Plan

Provides 0% APR financing for amounts $1,000 to $3,000 for a period of 36 months. To be eligible the applicant has to participate in the Home Energy Solutions program.