| Implementing Sector | Federal |
|---|---|
| Category | Financial Incentive |
| State | Connecticut |
| Incentive Type | Loan Program |
| Web Site | CT Green Bank - Smart-E Loans |
| Administrator | CT Green Bank in partnership with Energize Connecticut |
| Utilities | Connecticut Light & Power Co, United Illuminating Co |
| Eligible Renewable/Other Technologies |
|
| Eligible Efficiency Technologies |
|
| Applicable Sectors | Residential, Low Income Residential |
| Loan Term | Loan term vary between 5-12 years; Fixed interest rate vary between 4.49%-6.99% |
| Special Bundle Rates | 0.99% |
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 website.
