Solar & Battery Regulation & Incentive Programs

Smart-E loans

Program Overview


Category:
Financial Incentive
Program Type:
Loan Program
Implementing Sector:
Federal
State:
Connecticut
Eligible Storage Technologies:
Solar Photovoltaics, Geothermal Heat Pumps, Water Heaters, Furnaces, Boilers, Heat pumps, Air conditioners, Windows
Website:
http://www.ctgreenbank.com/
Loan Term:
Loan term vary between 5- 12 years; Fixed interest rate vary between 4.49%- 6.99%
Special Bundle Rates: 0.99%
Administrator:
CT Green Bank in partnership with Energize Connecticut
Applicable Sectors:
Residential, Low Income Residential
Utility:
Connecticut Light & Power Co, United Illuminating Co
Last Updated:
06/07/2017

Summary

The Connecticut Green Bank administers the Smart-E Loan program which offers long-term, low-interest financing to CT homeowners looking to upgrade their home's energy performance. Loans are offered at no money down, fixed rates, and with no prepayment penalties for various energy efficiency upgrades and renewable energy systems. Smart-E Loans are offered in partnership with participating community banks and credit unions, and approved contractors. 

To be eligible for the loan, the building must be 1-4 units,  be owner occupied, and the homeowner's primary residence, located in CT.

For more information, including a list of eligible measures, participating lenders and approved contractors, visit the program webiste.