New Generation Energy - Community Solar Lending Program (Connecticut)

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Last modified on February 12, 2015.

Financial Incentive Program

Place Connecticut

Name New Generation Energy - Community Solar Lending Program
Incentive Type Local Loan Program
Applicable Sector Agricultural, Commercial, Industrial, Nonprofit, Schools, (any for-profit or non-profit enterprise)
Eligible Technologies Photovoltaics, Solar Water Heat
Active Incentive No
Incentive Inactive Date 2012-03-28
Implementing Sector Non-Profit
Energy Category Renewable Energy Incentive Programs
Amount 5,000 to 100,000

Start Date 05/2009

Funding Source NGE's Renewable Energy Investment Note and Private Donations to NGE

Maximum Incentive 100,000

Terms Loans up to 1-10 years, rates vary from 0 to 5% (subject to change)
Program Administrator New Generation Energy
Date added to DSIRE 2009-09-30
Last DSIRE Review 2012-03-28
Last Substantive Modification
to Summary by DSIRE

References DSIRE[1]


2012 Update: This loan program is no longer available, the information provided is for reference only.

The Boston-based non-profit organization New Generation Energy offers low interest loans for the installation of solar electric and solar water heating systems via its Community Lending Program. The solar loans are available to companies (including sole-proprietorship) and non-profits in New England (Connecticut, Maine, Massachusetts, New Hampshire, Rhode Island, and Vermont), with an emphasis on those located in low and middle-income communities. The interest rate is currently 5.0%, although certain projects may be awarded grants and receive a lower interest rate. Only projects applying for loans are eligible for grants. The interest rate and terms are subject to change.

Interested businesses and non-profits should work with solar distributors and/or installers to receive a price quote. After quotes have been received, they must submit a pre-application to the Community Lending Program. New Generation Energy staff will review the pre-application and will invite only qualified projects to complete a full application. A personal guarantee is normally required for loans. After a site visit, the final determination is made and loan terms are offered to the successful applicants.

There are also loans available for the purchase of Energy Star kitchen appliances for organizations and business involved in food sales and service. Pre-applications are available on New Generation Energy's website.

Incentive Contact

Contact Name Community Lending Officer
Department New Generation Energy
Division Community Lending Program
Address 98 N. Washington St., Suite 305

Place Boston, Massachusetts
Zip/Postal Code 02114
Phone (617) 624-3688


  • Incentive and policy data are reviewed and approved by the N.C. Solar Center's DSIRE project staff.[1]


  1. 1.0 1.1  "Database of State Incentives for Renewables and Efficiency (DSIRE)"