This program for income-qualified consumers offers below market interest rate terms for the purchase and installation of cost-saving energy efficient improvements for single or multifamily homes.
What is the Energy Conservation Loan Program?
**Effective 12/28/2017, the Energy Conservation 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.
Loan Terms ➞
- Single family (1-4 units) homeowners may borrow between $400 - $25,000 for a period of 10 years for eligible improvements.
- 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.
Loan Available For These Measures ➞
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The following are the emergency improvements eligible under the Energy Conservation Loan Program as of 12/28/2017:
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Eligibility ➞
This is an income-restricted program. Please visit Capital for Change, Inc. for the current income limits by town and household size.
How To Get Started ➞
Heating system applicants must apply for a Smart-E loan or a Heating Loan before they will be considered for an emergency ECL loan.
Roofing applicants must contact Capital for Change 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.
Participating Contractors ➞
All work must be completed by a C4C participating contractors .
