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Low and Moderate Income Solar Energy

 
Type
Home
 
Category
  • Financing

There are many simple and affordable improvements that homeowners can make to save money on their energy bills while making their homes more comfortable and valuable. 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.

Additional Details

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.

Smart-E Heat Pump Offer

 
Type
Home
 
Category
  • Financing
  • Heating & Cooling

High efficiency heat pump technology can reduce energy costs while cooling and heating your home. Heat pumps provide year-round comfort, making your home warmer in the winter and cooler in the summer. 

The Smart-E Loan offers low rates and flexible terms for the installation of a qualifying heat pump technology, including: ductless mini splits, air source heat pumps, heat pump hot water heaters, and geothermal/ground source heat pumps.

Applying is as easy as child’s play, so don’t miss out on this opportunity to save!

Additional Details

Smart-E boyThe Connecticut Green Bank has partnered with Energize CT and lenders in your community to offer long-term, low-interest financing for your smart energy upgrade. Before you can qualify for a Smart-E special offer heat pump loan, you must have an Energize CT Home Energy Solutions (HES) audit completed on your home. 

To learn more about what equipment qualfies, Click here.

Loan Term 5 7 10
Maximum Rate (varies by lender) 4.49% 4.99% 5.99%

You're eligible if your residence is:

  • 1-4 units (condominiums must be individually metered)
  • Owner-occupied

For questions regarding the Smart-E Loan Program, contact Connecticut Green Bank at (860) 563-0015 or smarte@ctgreenbank.com.

  1. Find a Contractor to discuss your energy improvements.
    If your contractor is not on the approved list, they should contact smarte@ctgreenbank.com for Smart-E training.

    Using multiple contractors? Select one to act as your general contractor. They will help facilitate this process for you.
     
  2. Select your home energy upgrade.
    Your contractor will work with you to be sure the improvements meet our eligibility requirements. 
     
  3. Get pre-approved by a participating lender.
    Apply directly with your selected lender before your contractor begins the project.
     
  4. Close your loan with your lender.
    Your lender will reach out to schedule a loan closing once the project is approved.

Learn how homeowners across Connecticut are improving their homes and lowering energy costs with Smart-E.

Smart-E Loans Myers

“What we’ve seen since we’ve converted is stability. The house is so much more comfortable now.”


– Myers family, natural gas conversion and heating equipment
 

About The Project

Location: Norwich, CT
Building Type: Ranch
Building Size: 1.428 sq ft
Year Built: 1960
Project: Converted to natural gas and upgraded to a high efficiency boiler
Total Project Cost: $8,318.09
Annual Energy Cost Savings: $1,200

 

Smart-E Loans Hemeon

 “Smart-E helps get you where you want to be, and where you want to be is self-sufficient with solar energy."

– Hemeon family, installed solar PV

 

 

About The Project

Location: Pomfret, CT
Building Type: Colonial
Building Size: 2,944 sq ft
Year Built: 1982
Project: 36 Solar Panels
Total Project Cost: $31,125
Estimated Annual Energy Cost Savings: $1,794
Estimated Solar Panel Energy Production:
9,763 kWh/year
Approximate Total Home Energy Usage:
11,835 kWh/year

Smart-E Loans Curran

“Applying for the loan was very easy; the application process was just a few pages; and the closing took no more than half an hour.”

– Curran family, installed solar PV

About The Project

Location: Waterbury, CT
Building Type: Split Ranch
Building Size: 2,600 sq ft
Year Built: 1979
Project: 26 Solar Panels
Total Project Cost: $35,000
Annual Energy Cost Savings: $1,353
Estimated Solar Panel Energy Production:
8,457 kWh/year
Approximate Total Home Energy Usage:
26,781 kWh/year
 

Smart-E Loans Kennedy

 “We are getting the most out of our money and it feels good to know that we are not over spending on energy.  We are excited about the improvements hold for our future.”


– Kennedy family, Conversion to Natural Gas, upgrade to a high efficiency boiler, asbestos remediation

About The Project

Location: Berlin, CT
Building Type: Dutch Colonial
Building Size: 3,698 sq ft
Year Built: 1800
Project: Conversion to Natural Gas, upgrade to a high efficiency boiler, asbestos remediation
Total Project Cost: $12,934.88
Estimated Annual Energy Cost Savings: $1,800

Smart-E Loans Watson

 “We were in the black from day one. As it turns out, the cost of the loan payment is less than what we’re saving in heating costs. Eventually, when the loan is paid off, it will be all profit."

– Jeff and Liliya Watson, switched to natural gas

About The Project

Location: Hamden, CT
Building Type: Ranch
Building Size: 1,589 sq ft
Year Built: 1956
Project: Conversion to Propane/ Natural Gas, upgrade to a high efficiency boiler
Total Project Cost: $11,750
Estimated Annual Energy Cost Savings: $1,200


 

 

 

Connecticut Microgrid Program - Project Financing

 
Type
Town
 
Category
  • Financing

Financing is available for municipalities seeking to make their critical facilities more resilient with a microgrid.  Recipients of Connecticut Microgrid Program Round 1 grants and prospective applicants to Rounds 2 and 3 are encouraged to contact Connecticut Green Bank to find out what financing options are best for their project.

Additional Details

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

A summary of financing options available for microgrid projects is available here.

Click here for Frequently Asked Questions (FAQs) related to microgrid project financing.  This information was compiled for preliminary guidance purposes only.  Each interested applicant is encouraged to contact Connecticut Green Bank for project-specific information.

Applicants are encouraged to review existing Connecticut Green Bank financing programs, including:

 

Connecticut Green Bank has released a Request for Qualifications (RFQ) to identify capital providers interested in providing financing for microgrids. To review the RFQ, please click here.

View our project financing webinar for interested capital providers

 

Connecticut Green Bank is pleased to congratulate the following capital providers we have identified through an application and screening process. Parties interested in having their microgrid project referred out to this group should contact Genevieve.Sherman@ctcleanenergy.com, Assistant Director, Commercial and Industrial Programs.

 Advanced Energy Capital  Bank of America  Bostonia Group
 Distributed Sun  Hannon Armstrong  HPP

For questions on becoming a qualified capital provider, please contact Joe Buonannata, Associate of Clean Energy Finance at CEFIA at joe.buonannata@ctcleanenergy.com.
 

Steps to Take Smart Energy Action

Step 1 -

Before installing your solar PV system, it's important to make your home as energy efficient as possible. Schedule an energy efficiency assessment for your home through the Home Energy Solutions program. Alternatively, you can work with an independent contractor certified by the Building Performance Institute, Inc., a certified energy manager, a certified energy auditor or a professional engineer. Your assessment will identify cost-effective ways to save energy.

Step 2 -

Find an Eligible Contractor. The contractor will review your project with you, provide information about solar systems and assist you with your incentives application. Connecticut Green Bank will pay the incentive directly to the Eligible Contractor, who passes the savings on to you by reducing the total system cost. As with any significant purchase, shop around when considering purchasing a solar system. Gather as much information as possible, check contractor references and obtain multiple quotes.

Need financing? See the section below for more information.

Step 3 -

Install your system! Connecticut Green Bank will pay the incentive directly to the installer Eligible Contractor, who passes the savings on to you by reducing the total system cost.

Please email us at smallsolar@ctcleanenergy.com to learn more.

Energize CT Heating Loan Program

 
Type
Home
 
Category
  • Financing
  • Heating & Cooling
  • Renewable Energy

Financing at a 0.99% interest rate, up to $15,000, is available for qualified homeowners for the purchase and installation of eligible energy-saving heating equipment. Repayment through your utility bill makes the process easy.

Additional Details

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.

If you’re a residential customer of UI, Eversource, CNG, or SCG you could be eligible.

  • You must have an Eversource or UI residential electric account at the address where the new equipment is to be installed.
  • You must own the property where the new equipment is to be installed.
  • You must be current with your electric utility bill and have had either:
    • no late payment charges for the most recent six (6) consecutive months or
    • no more than two (2) late payment charges for the last twelve (12) consecutive months
  • Equipment to be installed must meet specific efficiency criteria for boilers, furnaces and electric heat pumps
  • All work must be completed by Capital For Change registered contractors. To participate, contractors must meet program standards, including proper licenses and insurance.

For More Information:

The program is administered by Capital For Change, Inc. (formerly CHIF). Visit ctheatloan.com or call 1-800-992-3665 for more details or to inquire about your eligibility.  

Feel free to call 1-800-992-3665  with any questions.

If you are a Connecticut resident 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.

Smart-E Loans

 
Type
Home
 
Category
  • Appliances & Electronics
  • Financing
  • Gas Water Heating
  • Heating & Cooling
  • Hot Water
  • Insulation
  • Lighting
  • Renewable Energy

Now you can enjoy a whole home of energy efficiency. Upgrade your home’s efficiency & energy performance 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.

Additional Details

The Connecticut Green Bank – in partnership with Energize CT and select local lenders and contractors – offers long-term, low-interest financing to help you upgrade your home’s energy performance with no money down.

  • Unsecured personal loan (no lien is placed on the property)
  • Fixed monthly payments
  • No pre-payment penalty

Great low-rates are available. See all rate information here.

Property requirements:

  • Property must be located in Connecticut
  • Property must be owner-occupied
  • Property must be a 1-4 unit residential building
  • Condominiums must be individually metered

From home performance and efficiency, to heating and cooling, to water heating and renewables, there are more than 40 eligible home energy upgrades that quality for Smart-E loans. Click here for a complete list of eligible improvements and efficiency criteria.

  1. Find a Contractor to discuss your energy improvements.
    If your contractor is not on the approved list, they should contact smarte@ctgreenbank.com for Smart-E training.

    Using multiple contractors? Select one to act as your general contractor. They will help facilitate this process for you.
     
  2. Select your home energy upgrade.
    Your contractor will work with you to be sure the improvements meet our eligibility requirements. 
     
  3. Get pre-approved by a participating lender.
    Apply directly with your selected lender before your contractor begins the project.
     
  4. Close your loan with your lender.
    Your lender will reach out to schedule a loan closing once the project is approved.

Learn how homeowners across Connecticut are improving their homes and lowering energy costs with Smart-E.

Smart-E Loans Myers

“What we’ve seen since we’ve converted is stability. The house is so much more comfortable now.”


– Myers family, natural gas conversion and heating equipment
 

About The Project

Location: Norwich, CT
Building Type: Ranch
Building Size: 1.428 sq ft
Year Built: 1960
Project: Converted to natural gas and upgraded to a high efficiency boiler
Total Project Cost: $8,318.09
Annual Energy Cost Savings: $1,200

 

Smart-E Loans Hemeon

 “Smart-E helps get you where you want to be, and where you want to be is self-sufficient with solar energy."

– Hemeon family, installed solar PV

 

 

About The Project

Location: Pomfret, CT
Building Type: Colonial
Building Size: 2,944 sq ft
Year Built: 1982
Project: 36 Solar Panels
Total Project Cost: $31,125
Estimated Annual Energy Cost Savings: $1,794
Estimated Solar Panel Energy Production:
9,763 kWh/year
Approximate Total Home Energy Usage:
11,835 kWh/year

Smart-E Loans Curran

“Applying for the loan was very easy; the application process was just a few pages; and the closing took no more than half an hour.”

– Curran family, installed solar PV

About The Project

Location: Waterbury, CT
Building Type: Split Ranch
Building Size: 2,600 sq ft
Year Built: 1979
Project: 26 Solar Panels
Total Project Cost: $35,000
Annual Energy Cost Savings: $1,353
Estimated Solar Panel Energy Production:
8,457 kWh/year
Approximate Total Home Energy Usage:
26,781 kWh/year
 

Smart-E Loans Kennedy

 “We are getting the most out of our money and it feels good to know that we are not over spending on energy.  We are excited about the improvements hold for our future.”


– Kennedy family, Conversion to Natural Gas, upgrade to a high efficiency boiler, asbestos remediation

About The Project

Location: Berlin, CT
Building Type: Dutch Colonial
Building Size: 3,698 sq ft
Year Built: 1800
Project: Conversion to Natural Gas, upgrade to a high efficiency boiler, asbestos remediation
Total Project Cost: $12,934.88
Estimated Annual Energy Cost Savings: $1,800

Smart-E Loans Watson

 “We were in the black from day one. As it turns out, the cost of the loan payment is less than what we’re saving in heating costs. Eventually, when the loan is paid off, it will be all profit."

– Jeff and Liliya Watson, switched to natural gas

About The Project

Location: Hamden, CT
Building Type: Ranch
Building Size: 1,589 sq ft
Year Built: 1956
Project: Conversion to Propane/ Natural Gas, upgrade to a high efficiency boiler
Total Project Cost: $11,750
Estimated Annual Energy Cost Savings: $1,200


 

 

 

 

Multifamily

 
Type
Home
 
Category
 
Incentive
Various Incentives Available
  • Appliances & Electronics
  • Energy Assessment (Audit)
  • Financing
  • Gas Water Heating
  • Heating & Cooling
  • Hot Water
  • Insulation
  • Lighting
  • Rebates

Reduce energy and operating costs and make the multifamily property you own or manage more comfortable and environmentally friendly with the Multifamily Initiative.

Additional Details

This program provides customized solutions for multifamily buildings or complexes with five or more units, and includes:

  • Assistance with energy efficiency upgrade projects already planned
  • An assessment of your building's energy-saving opportunities
  • Resources to support in-depth assessment of a full range of strategies for further improvements including solar and other renewable energy, as well as health and safety measures
  • Incentives and financing for energy efficiency upgrades

Provide your contact information and any project information with this application. For energy efficiency projects, submit it to your electric utility company. For renewable energy and/or financing  projects only, submit your application to the Green Bank. If your application is for both energy efficiency and renewable energy or financing, submit it to both your electric utility and the Green Bank.

Eversource     UI     Connecticut Green Bank

At this point, if you already have an energy efficiency or renewable energy project, additionally submit any project proposal(s) and a completed Project Form to your electric utility company (for energy efficiency projects) and to the Connecticut Green Bank (for projects including renewable energy and/or financing). After we’ve helped you address this proposal, if you’d like to evaluate your property in a more holistic way, follow the steps below.

Need help designing your project?

Once you’ve completed Step 1 above, a utility or Green Bank representative (as appropriate) will contact you. A professional consultant or in-house representative is available to visit your property to identify the cost-effective energy improvement opportunities that make the most sense for your property. Technical and financial assistance is available through the Multifamily Initiative for a wide variety of design and predevelopment tasks, including: 

Potential Measures Assessed Technical & Financial Assistance Available
  • Air sealing
  • Domestic hot water saving measures
  • Energy-efficient lighting
  • Insulation
  • Windows
  • High-efficiency heating, ventilation or air conditioning
  • ENERGY STAR® appliances
  • High-efficiency water heating systems
  • Energy saving control strategies on building equipment
  • Solar PV and other renewable energy systems
  • Energy benchmarking
  • Green design and charrettes
  • Assessment of capital improvements 
    (including green physical needs assessments (PNAs))
  • Assessments of energy-related health and safety issues
  • Designing, engineering, and bidding work
  • Predevelopment loans
  • Financial packaging

Using the recommendations from the energy assessment and any technical assistance you select, design and price a comprehensive project that will maximize your energy savings, as well as the incentives and financing you will receive.

If your project qualifies based on your submitted proposals, plans, specifications, and pricing, you will receive a commitment of incentive dollars and, if requested, an offer for financing the balance of the project cost. You can also provide your own financing or explore one of these sources. After construction and required inspections are complete, incentives are paid.

It is recommended that owners track utility use and verify that equipment is working properly during the warranty period and beyond.

Existing properties of five or more residential units may be eligible for the Multifamily Initiative. 

The following types of properties are eligible:

  • Apartment buildings and complexes
  • Condominiums and co-operatives
  • Congregate and senior housing
  • Mixed-use residential and commercial properties

Questions? Contact your utility or the Connecticut Green Bank using a link below:

Eversource     UI     Connecticut Green Bank

If you are a Connecticut resident and are not served by one of the utilities listed above, please visit your municipal utility's website to see what energy efficiency programs are available to you. The Connecticut Green Bank provides renewable energy programs and financing to all Connecticut municipalities

 

C-PACE

 
Type
Business
 
Category
  • Commercial Renewable Energy and On-site Generation
  • Financing
  • New Construction or Major Renovation

It’s easier than ever to invest in energy-saving improvements and renewable energy projects. Visit C-PACE.com to get started today.

Additional Details

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.

Small Business Energy Advantage

 
Type
Business
 
Category
 
Incentive
Up to 50% of Install Cost
  • Building Controls/Energy Mgmt.
  • Drives, Refrig. Controls, Timers & ECMs
  • Energy Assessment (Audit)
  • Financing
  • Gas Water Heating
  • Heating & Cooling
  • Insulation
  • Lighting
  • Rebates

A utility-authorized contractor performs a no-cost, no-obligation energy assessment (audit) of your facility and then manages the installation of the energy-saving improvements. This one-stop service, combined with our incentives and zero-interest, on-bill payment plans, allows you to get started right away.

Additional Details

The Companies continue to work in coordination with public health experts and officials and members of the contractor community to discuss how contractors can resume services as quickly and safely as possible. We must continue to make safety the highest priority.

Please visit our Energize CT COVID-19 Energy Efficiency Program Update page for more information and frequently asked questions or visit:

A Virtual Pre-Assessment for Small Businesses is now being offered as a safe, convenient first step for you to make energy-saving improvements. This pre-assessment is available through live, virtual discussions with a contractor at no cost. Connect with us to learn more about how we can help you reduce your energy costs.

If you’re like many small commercial and industrial customers, you do not have the time, financial resources or in-house expertise necessary to analyze and reduce your energy usage. We can help. Our utility-authorized contractors will come to your business and perform a no-cost, no-obligation audit of your facility that includes lighting, HVAC and refrigeration systems. You’ll receive a customized recommendation that shows you how much energy and money you could save by upgrading to energy-efficient equipment. The contractor manages the whole installation process for you. And with our incentives and low-interest on-bill payment plans, you won’t have to worry about cash flow. It couldn’t be easier to save money. Just pick up the phone and call. That’s all you need to do.

Features:

  • Free energy assessment
  • Comprehensive proposal includes all eligible energy efficiency measures, complete with material and installation costs and estimated savings
  • You decide what improvements make sense for you; there’s no obligation to install  
  • No upfront costs for installed upgrades
  • Incentives up to 50 percent of the installed cost
  • Zero-interest and low-cost financing * (payable on your monthly electric bill, so you only have one monthly payment)
  • One-year warranty on contractors’ parts and labor

*Must qualify for financing. Zero-interest financing available to qualified customers.

Don’t wait - call today to start saving. Your investment will deliver energy cost savings, year after year.

Call 877-WISE-USE (877-947-3873) for more information. 

Steps to Take Smart Energy Action

Step 1 -

Schedule your no obligation energy assessment with a Small Business Energy Advantage (SBEA) program-authorized contractor. These licensed professionals have been selected by your utility, work throughout the state and are fully trained in how the program works. 

Getting started is easy. Call our toll-free number, contact a program-authorized contractor, or contact your utility provider:

  • Call 1-877-WISE-USE.
     
  • Click Find-A-Professional to locate a SBEA program-authorized contractor.
     
  • Click the link of your utility provider: Eversource     UI

Step 2 - 

Once your utility determines that you are eligible for the program, the SBEA-authorized contractor calls you to schedule a visit.

Step 3 -

During the visit, the contractor conducts an energy assessment of your facility free of charge. Your utility reviews the assessment and, if approved, the contractor presents you with a proposal. The comprehensive proposal includes energy-saving improvements that make sense for your business, complete installation costs and estimated energy savings, along with the incentives that you qualify for and your financing options.

Step 4 -

After the paperwork is signed, your project can get started - in some cases within 30 days. SBEA program incentives offset a portion of the cost of qualifying measures.

Step 5 -

Interest-free financing for the balance of the project is available for qualified customers. The financed amount will appear on your monthly electric bill, allowing you to make just one monthly payment for both your SBEA loan and your electric bill.

Financial incentives help get your project completed the right way, the first time. The energy-saving benefits will continue, year after year.

Examples of typical energy-efficient upgrades include:

Lighting – interior/exterior
  • High-performance lighting
  • Induction and LED lighting
  • Occupancy sensors
  • Photocells
Heating/ventilation/air conditioning
  • Energy-efficient equipment upgrades
  • Programmable thermostats
  • Energy management systems
Refrigeration
  • Anti-condensation door heater controls
  • Evaporator fan controls
  • Night covers
  • Electronically commutated motors
  • Energy-efficient kitchen equipment
Natural gas-saving equipment
  • Spray nozzles
  • Showerheads
  • Aerators
  • Programmable thermostats
  • Pipe and duct insulation
  • Energy management systems
  • Indoor boiler reset controls
  • Heating equipment
  • Water heating equipment
  • Kitchen equipment
  • Infrared space heaters
  • Envelope measures
Other improvements
  • Air compressors
  • Variable frequency drives
  • Premium-efficiency motors
  • Custom measures

Call 877-WISE-USE (877-947-3873) for more information. 

Commercial and industrial Eversource and UI customers with an average 12-month peak demand between 10 and 200kW. For natural gas measures, must be a firm customer of CNG, SCG or Eversource.

Many types of small businesses can benefit:

  • Restaurants
  • Car washes
  • Churches/synagogues/meeting centers
  • Bed and breakfasts
  • Private buildings: libraries, museums and more
  • Retail stores
  • Office settings: insurance and real estate brokers, law offices, accounting firms, etc.
  • Grocery and convenience stores
  • Gas stations

Starting the process is easy. Just contact one of the SBEA contractors listed on your utility’s website or call 877-WISE-USE to start the process. Click the link to your utility below:

Eversource     UI  

If you are a Connecticut business and are not served by one of the utilities listed above, please visit your municipal utility's website to see what energy efficiency programs are available to you. 

Thousands of Connecticut small business and commercial customers have benefited from SBEA - and you can too. Some example projects include:

Examples of Small Business and Commercial Customers that have Benefited from SBEA
PROJECT: Family Farm Independently Owned Grocery Store Museum
PROJECT DESCRIPTION: Energy Efficient Lighting and Occupancy Sensors Energy Efficient Lighting, Occupancy Sensors, Cooler Night Covers, Motors, and Controls Energy Efficient Lighting and Occupancy Sensors
TOTAL COST: $5,899 $218,597 $32,175
CONNECTICUT ENERGY EFFICIENCY FUND INCENTIVE: $2,947 $69,945 $9,605
MONTHLY LOAN PAYMENT
(ZERO PERCENT INTEREST):
$227/13 months $5,946/25 months $940/24 months
NET MONTHLY ELECTRIC SAVINGS
(DURING LOAN PERIOD):
$26 $127 $53
NET MONTHLY ELECTRIC SAVINGS
​(AFTER THE LOAN IS PAID OFF):
$253 $6,073 $993
 

Call 877-WISE-USE (877-947-3873) for more information. 

DEEP-Sponsored Granted Financial Incentives & Low-Interest Loans

 
Type
Business
 
Category
  • Financing

Reduce operating costs with a combined heat and power system. Financial incentives and low-interest loans, sponsored by the Connecticut Department of Energy and Environmental Protection (DEEP), can make it a cost-effective investment. Capital grants of $200 per kilowatt are available for qualifying projects of one megawatt or less in Eversource or United Illuminating’s service territory. To qualify, a project must reduce energy costs by an amount equal to or greater than the project’s installation cost within 10 years of its installation.

Additional Details

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.

Low-Interest Loans for Commercial & Industrial Customers

 
Type
Business
 
Category
  • 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

If your commercial or industrial business isn’t eligible for our interest-free Small Business and Municipal Loan program, invest in energy-saving equipment with help from a low-interest loan.

Loans ranging from $2,000 to $1 million are available through the Connecticut Energy Efficiency Fund to help upgrade or replace existing electrical or gas equipment with qualifying high-efficiency electrical or gas equipment. Subsidized low-interest financing is offered on the first $100,000 of the loan. The balance can be financed at market rates. With repayment terms to 60 months, these loans make it easier to make the smart choice to save energy.

Call 877-WISE-USE (877-947-3873) for more information. 

Steps to Take Smart Energy Action

Step 1 -

Contact your utility account executive or call 877-WISE-USE to find out about available funds.

Click the link to your utility below:

Eversource       UI

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 to a maximum of $1 million, with subsidized low-interest financing offered on the first $100,000 of the loan. Call your utility program administrator for current interest rates. The balance can be financed at market rates provided by two approved lenders
  • Financing for the Small Industrial & Commercial Loan has a maximum loan term of 60 months

Step 2 -

Call your utility program administrator to be connected with approved lenders.

Step 3 -

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

Call 877-WISE-USE (877-947-3873) for more information. 

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. See loan application for details.

Starting the process is easy. Just contact your utility account executive. Click the link to your utility below:

Eversource       UI

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.

Call 877-WISE-USE (877-947-3873) for more information. 

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