Energy Conservation Loan Program
***August 29, 2012: CHIF has recieved funding from the State of Connecticut to continue processing loans under the Energy Conservation Loan Program. If you have already submitted an application, it will now be processed in the order it was received. If you have not applied, please read the instructions below to proceed with our online application.***
Thank you, CHIF Management
Thank you for considering applying for the Energy Conservation Loan (ECL) program. Effective April 25, 2011 CHIF is accepting applications for this State of Connecticut program. Read further to see if you qualify and for the "how to apply" link.
The Energy Conservation Loan Program (ECL) and the Multifamily Energy Conservation Loan Program (MEL) provide financing at below market rates to single family and multi-family residential property owners for the purchase and installation of cost-saving energy conservation improvements. The program is administered by the Connecticut Housing Investment Fund, Inc. (CHIF) with funding from the Connecticut Department of Economic and Community Development (DECD).
Loan Amount and Term
Single family (1-4 units) homeowners may borrow up to $25,000 and multi-family property owners may borrow up to $2,000 per unit (a maximum of $60,000 per building) for a period of 10 years for eligible improvements.
The following are some of the improvements eligible under the ECL/MEL programs:
- Automatic Set-Back thermostats
- Caulking and Weatherstripping
- Heat Pumps
- Replacement Heating Systems
- Replacement Roofs
- Replacement Windows
- Solar Systems and Passive Solar Additions
The application process is simple (click on "How to Apply") and CHIF's loan underwriters are available to guide you every step of the way. To learn more click on Frequently Asked Questions (FAQ) below or E-mail your questions to email@example.com
Single-Family Energy Conservation Loan Program FAQ
Multi-Family Energy Conservation Loan Program FAQ
Home Energy Solutions Program
This comprehensive program offers a full range of energy efficiency measures to address inefficient lighting, water heating, inefficient heating equipment, refrigeration and insufficient insulation. This program, funded by the Connecticut Energy Efficiency Fund, is $75.00 for natual gas or electrically heated homes, or $99.00 for oil or propane heated homes.