Solar & Battery Regulation & Incentive Programs

Norwich Public Utilities - Zero Percent Financing Program

Program Overview


Category:
Financial Incentive
Program Type:
Loan Program
Implementing Sector:
Utility
State:
Connecticut
Eligible Storage Technologies:
Custom/Others pending approval
Website:
http://www.norwichpublicutilities.com/index.php/for-my-business/efficiency-business
Maximum Loan:
Not specified, contact NPU
Loan Term:
Within 7 years
Interest Rate:
Rate: 0%
Administrator:
Norwich Public Utilities
Applicable Sectors:
Commercial, Industrial, Local Government, Nonprofit, State Government, Federal Government
Utility:
City of Norwich
Last Updated:
06/27/2019

Summary

In partnership with several local banks, Norwich Public Utilities (NPU) is offering a zero percent loan to commercial and industrial customers for eligible energy efficiency improvement projects. Eligibility is determined by a technical evaluation of the customer's facility, and the evaluation must show that the proposed energy efficiency improvements would result in a positive cost benefit and project payback of five years or less. After the loan is approved, the customer will choose a contractor to perform work outlined in the NPU report. The customer must submit project plans and specifications to NPU for review. Any changes to a project proposal must be approved by NPU prior to construction. NPU will make interest payment(s) directly to the lender. See the website above for more program details.