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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.

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


 

 

 

 

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.

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.

Energy Conservation Loan Program

 
Type
Home
 
Category
  • Financing
  • Gas Water Heating
  • Heating & Cooling
  • Help for Income Eligible
  • Hot Water
  • Insulation
  • New Construction or Major Renovation
  • Renewable Energy

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 multi-family homes.

Additional Details

**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. 

**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**

 

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.

 

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

 

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