Thought You Couldn’t Afford Solar? Think Again.

Connecticut Green Bank has helped more than 19,000 Connecticut residents go solar and homeowners can make their home a high performing home and achieve even deeper savings by combining solar with energy efficiency measures.

Visit CONNECTICUT SOLAR FOR ALL at www.posigen.com to learn more about saving money by installing solar energy on your house.

The Clean Energy Finance and Investment Authority (CEFIA) offers financing options to support projects involved in the Connecticut Microgrid Program.

Connecticut Green Bank is partnering with the Connecticut Department of Energy and Environmental Protection (DEEP) to assist municipalities and developers with structuring successful applications and creating financing plans for their project.

Assistance with obtaining financing is available for the approved projects, which are designed to support reliable energy to critical facilities during times of electricity grid outages.  A project must have received, or be in the process of applying for, a Connecticut Microgrid Program grant. 

The Connecticut Microgrid Program is offering $45 million over three rounds (an estimated $15 million per round – with an upper limit to each grant of $3 million) to fund the design, engineering, wiring and interconnection costs for technically feasible microgrids that best address Connecticut’s energy security, reliability and clean energy goals.

DEEP Round 2 RFP:

The Connecticut Department of Energy and Environmental Protection released a Request for Proposals (RFP) for Round 2 of the Connecticut Microgrid Program on March 6, 2014.  All interested parties are invited to review the RFP and the grant contract template that each successful applicant will execute subsequent to announcement of the grant awardees.

To view the Request for Proposals click here.

Completed applications are due to DEEP no later than 4:00 P.M. on August 6, 2014.  

All Connecticut Microgrid Program information is available on DEEP's microgrid website.

View our Financing Webinar for Municipalities and Project Developers

If you have been impacted by the COVID-19 crisis and need to defer your loan payments for this program, please contact your electric utility. Eversource customers should call 1-800-286-2000 and UI customers should call 877-WISE-USE (1-877-947-3873).

If you’re a residential customer of UI, Eversource, CNG, or SCG you could be eligible for low-interest financing for a new energy-efficient heating system. To participate, you must own a single-family home or a multi-family home up to four units, including condos. Vacation homes also qualify.

Heating equipment to be installed must meet specific efficiency criteria for boilers, furnaces and electric heat pumps.

Financing Amounts and Term

• Financing is available up to $15,000.
• A minimum down payment of 10% of the cost of the replacement heating furnace or boiler equipment is required. The minimum down payment varies by type and efficiency of equipment selected. 
• 0.99% interest rate.
• Financing term between 3 to 10 years based on the time it takes for the replacement heating furnace or boiler equipment to pay for itself from energy savings, plus two years.  For details visit ctheatloan.com.
• No fees to you or your contractor; no pre-payment penalty.
• Unsecured, fixed-rate financing.
• Payments are made along with your monthly electric bill payments. If the property is sold, the balance may be repaid or may be transferred to the new owner. 

To Apply and For More Information:

Visit ctheatloan.com to apply online now and for more details. Or call our lending partner, Capital For Change, Inc. (formerly CHIF), at 1-800-992-3665. 
 

To learn more about your home’s energy usage and efficiency, sign up for Home Energy Solutions^®.  For a nominal fee, or at no cost for those who qualify, an energy efficiency professional will visit your home and discuss opportunities to save money by improving your home’s energy performance.

For more information call 1-800-992-3665.

Through the Connecticut Property Assessed Clean Energy (C-PACE) program, building owners access affordable, long-term financing for qualifying clean energy and energy efficiency upgrades that can lower energy costs and make their buildings more comfortbale. Visit C-PACE.com to get started.

DEEP offers monetary grants and other financial incentives to help businesses develop and install combined heat and power systems to reduce operating expenses.

Resources are available to support projects from scratch and those that are further along in development. This program can be an especially good companion to potential microgrid host sites that are considering developing microgrid submissions for DEEP’s Microgrid Grant and Loan Pilot program. It can also help any business with an interest in developing a combined heat and power project to improve competitiveness.

Click here for more information on the DEEP Microgrid Grant and Loan Pilot program.

For more information on DEEP-Sponsored Granted Financial Incentives and Low-Interest Loans, contact Gail Lucchina by email at gail.lucchina@ct.gov.

**Effective 12/28/2017, the ECL loan program is limited to emergency situations only (non-working heating systems and leaking roofs). Applicants must be ineligible for other programs in order to qualify for an emergency loan**

Energy Conservation Loans finance energy conservation improvements for low- and moderate-income single-family (1-4 units) home owners. This program is funded by the Connecticut Department of Housing (DOH) and is administered by Capital for Change, Inc (C4C). This loan may be used to finance energy efficient home improvements up to $25,000 at below-market interest rates. Zero-percent interest rate loans are available for higher-efficiency boilers and furnaces.

Income Limit

This is an income-restricted program. Please Capital for Change, Inc. for the current income limits by town and household size.

Loan Amount and Term

Single family (1-4 units) homeowners may borrow between $400 - $25,000 for a period of 10 years for eligible improvements. 

Eligible Improvements

The following are the emergency improvements eligible under the ECL program as of 12/28/2017:

• Replacement of non-operational heating system
  • 0% interest for furnaces/boilers that meet efficiency minimum of ENERGY STAR^® rating for natural gas or > 84% efficiency rating for oil/propane
  • Applicant must not be eligible for alternate heating loan products (Smart-E loan and EnergizeCT  Heating Loan)
• Replacement of leaking roof

The emergency status of the project must be verified by the contractor who will install the replacement, and all work must be completed by a C4C Participating Contractor.

Apply for a Loan

Heating system applicants must apply for a Smart-E loan or an EnergizeCT Heating loan before they will be considered for an emergency ECL loan.

Roofing applicants must contact C4C directly by phone to apply for emergency consideration. Please call 860-233-5165, extension 2002 for more information. Our office hours are Monday - Friday, 9am-5pm.