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Low-Interest Loans for Commercial & Industrial Customers

low interst loan
Low-Interest Electric & Natural Gas Energy Efficiency Loans With Up to 5 Years to Pay
 
Type
Business
 
Category
Financing
  • Financing

Make energy savings pay off with low-interest financing for qualified energy-efficient improvements. Coupled with incentives, it can make your project a reality so you can start saving sooner.

Additional Details

Medium and large commercial and industrial businesses can qualify for rebates funded by the Connecticut Energy Efficiency Fund. In addition to these rebates, loans from $2,000 and up are available via third-party low-interest financing through National Energy Improvement Fund (NEIF).

The first $100,000 of a loan is subsidized by the Connecticut Energy Efficiency Fund with rates available from 1.99% - 2.99% with a repayment terms of 60 months.

Anything over $100,000 can be financed at market rates. These loans make it easier to make the smart choice to save energy.

Steps to Take Smart Energy Action

Step 1 -

Contact your energy efficient consultant (EEC).

This is a low-interest loan offered to commercial and industrial customers that implement energy-saving measures through a qualifying Connecticut Energy Efficiency Fund program:

  • The loan must be used to upgrade or replace existing equipment with high-efficiency equipment
  • The loan limits range from a minimum of $2,000 and up, with subsidized low interest financing offered on the first $100,000 of the loan and market rate financing for above $100,000
  • Financing for the Industrial & Commercial Loan has a maximum loan term of 60 months

Step 2 -

Apply for the loan: National Energy Improvement Fund (NEIF).

Step 3 -

Once your loan is approved, you can install the qualifying energy-saving measures.

All commercial and industrial customers of Eversource or UI qualify except for new construction or major renovation projects and those projects which participate in our Small Business Energy Advantage program. For natural gas-saving measures, the company must be a firm customer of CNG, SCG or Eversource.

Commercial and industrial customers must be in business for a minimum of three years and have good credit standing.

Starting the process is easy. Just contact your utility.

If you are a Connecticut business and are not served by one of the utilities listed above, please visit your utility’s website to see what energy efficiency programs are available to you. Please click here for information on how to contact your municipal utility.

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