Smart-E loans (Connecticut)
Last modified on January 9, 2015.
Financial Incentive Program
|Incentive Type||State Loan Program|
|Eligible Technologies||Clothes Washers/Dryers, Dishwasher, Refrigerators, Water Heaters, Furnaces, Boilers, Heat pumps, Central Air conditioners, Windows, Doors, Siding, Roofs, Custom/Others pending approval, Passive Solar Space Heat, Solar Space Heat, Solar Thermal Electric, Solar Thermal Process Heat, Photovoltaics, Wind|
|Energy Category||Renewable Energy Incentive Programs, Energy Efficiency Incentive Programs|
|Terms|| Loan term vary between 5- 12 years; Fixed interest rate vary between 4.49%- 6.99% |
Special Bundle Rates: 2.75% - 2.99% for 10 years
|Program Administrator||Energize Connecticut|
Energize CT administers Smart-E loan program which offers long-term, low-interest financing to residences that are looking to upgrade their home energy performance. Loans are offered at no money down, fixed rates, and with no prepayment penalties. Loans are made available for various energy efficiency upgrades as well as for renewable energy systems. Financing is made available through different participating lenders. After the loan is approved, applicants can contact participating contractors who will work through Smart-E loan technical approval process.
Apart from custom energy efficiency financing, the program also offers special bundle financing for certain qualified energy improvements.
To be eligible for the loan, the building bust be 1-4 units, must be owner occupied, and primary residence located in CT.
|Contact Name||Smart-E Loan Program|
|Department||Clean Energy Finance and Investment Authority|
|Address||845 Brook Street|
|Place||Rocky Hill, Connecticut|
- Incentive and policy data are reviewed and approved by the N.C. Solar Center's DSIRE project staff.