Now you can enjoy a whole home of energy efficiency. Upgrade your home’s efficiency, energy performance, and resilience with a no money down Smart-E Loan with flexible terms. Realize more savings and comfort when bundling multiple home energy improvements. The more you do, the more you save.
What is a Smart-E Loan?
A Smart-E Loan is financing offered by The Connecticut Green Bank – in partnership with Eversource and UI, CNG and SCG, proud sponsors of Energize ConnecticutSM, and select local lenders and contractors. It offers long-term, low-interest financing to help you upgrade your home’s energy performance with no money down.
Loan Terms ➞
- Terms up to 20 years available
- Great low-rates (standard APR from 6.99% to 7.99%)
- Unsecured personal loan (no lien is placed on the property)
- 100% financing available (no money down)
- Fixed monthly payments
- No pre-payment penalty
- Works with rebates and other financing programs
Visit the Connecticut Green Bank website for complete terms.
Financing Available For These Projects ➞
Smart-E loans can be used for over 70 eligible home energy upgrades, such as:
- Insulation
- Heating and Cooling
- Windows
- Solar and Battery Storage
- Water Heating
- Health Safety
- Resilience (wells, floodproofing, and much more)
Find a list of all eligible measures here.
Eligibility ➞
You can apply for this loan if your property is:
- Located in Connecticut
- Owner-occupied
- Is a 1-4 unit residential building
- Individually metered if it is a condominium
How To Get Started ➞
Find a Contractor to discuss your energy improvements. Check out our pre-approved contractor list. If your contractor is not on the approved list, they can contact the Green Bank to get approved and trained. Using multiple contractors? Select one to act as your general contractor. They will help facilitate this process for you.
Helpful tips - schedule a Home Energy Solutions audit that can potentially unlock rebates. (This is not a requirement for a Smart-E loan)
Compare quotes from at least three contractors.
Once a contract is in place, apply to one of the participating lenders and notify contractor which lender chosen.
Your contractor will submit the project to the Green Bank, who reviews it and instructs the lender to close the loan.
Lender closes the loan with you, and issues first 1/3 payment to contractor.
Contractor completes project and submits final paperwork to the Green Bank for review.
The Green Bank approves release of final funds for contractor.
You are sent an optional survey and a follow-up inspection may be requested.
