Energy Efficiency Loans
Energy Conservation Loan (ECL)
$400 - $25,000
Eligibility:
- Household income must be at or below the income limit for your town
- Must own a 1-4 family home in CT (includes condos and mobile homes) **If your property contains 5 or more housing units, please click here for the multi-family program**
- Must be a CT resident
- 0% interest rate for high-efficiency boilers/furnaces
- 100% financing for eligible improvements
- 10 year repayment term
- No minimum credit score
- Special financing options for emergency replacement of red-tagged heating system or leaking roof
- Expanded energy-efficiency options are eligible (roof, siding, doors, solar, secondary heating systems)
HES Payment Plan (Micro) Loan
$1,000 - $3,000
Eligibility:
- Must be an Eversource or United Illuminating electric customer
- HES Type 1 Improvements only
- Must own a 1-4 family home in CT (includes condos and mobile homes)
- Must have good electric payment history
- Home Energy Assessment required
- 0% interest rate
- 100% financing for eligible improvements
- 3 year repayment term
- No credit review
- Payments added to electric bill
Smart-E Loan
$500 - $40,000
Eligibility:
- Must own and occupy* a 1-4 family home in CT (includes condos and mobile homes)
- Minimum 580 credit score (Minimum 640 for loans >$25,000)
- Home Energy Assessment required for bundle offers only
- Interest rate options from 0.99% to 6.99%
- Special 0.99% rate for certain project bundles, natural gas conversions, and heat pumps
- 100% financing for eligible improvements
- Repayment term up to 12 years
- Payments may be added to electric bill (Eversource customers only)
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