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Energy
Efficiency
Loans

Capital To Empower Homeowners

Capital for Change (C4C) helps homeowners conserve energy usage and decrease costs through audits, retrofits, and alternative/clean energy improvements. C4C offers a variety of loan programs to meet consumer needs, covering improvements ranging from such basics as insulation and heating systems to more advanced products, including solar panels and geothermal systems. Several programs are underwritten based on utility-repayment history rather than on credit reports, offering an opportunity for credit-challenged customers to still take advantage of low rates and achieve energy savings in their homes.

Our Energy Programs - Understanding Which Loan Is Right For You

Smart-E Loans 
*** Capital for Change (C4C) is pleased to announce that we have achieved our goals for the Smart-E Loan Program. Consequently, we will be pausing our participation as a lender in the program, effective December ​20th, 2023.

Homeowners can reduce their energy consumption by making their homes more weathertight with a variety of improvements, including insulation, windows, ENERGY STAR® heating and cooling systems, and solar panels. These “Smart-E” loans from $500 to $50,000 are available with interest rates from 5.99% to 6.99% for 5- to 12-year terms.

Home Energy Solutions Payment Plan (Micro) Loans 
Financing for smaller energy-efficiency improvements, such as insulation, that reduce household costs while maintaining healthy, efficient and comfortable homes. Loans may be for $500 to $3,000 and are offered at 0% interest for three years. These loans are limited to Eversource and United Illuminating residential electric customers.

EnergizeCT Heat Loans 
A homeowner who is an Eversource or United Illuminating residential electric customer may be eligible for a 0.99% interest loan to purchase and install an energy-efficient heating system. This program requires a minimum down payment that is determined by the new system’s projected energy savings.

Landlord Loan 
Making your property more weathertight and energy efficient will assist you in attracting tenants, reducing the property’s energy consumption, and lowering utility bills. Loans may be for $3,000 to $40,000 and funding will be used for conducting qualified improvements/equipment replacements.

Smart-E Loan
EnergizeCT Heating Loan
HES Payment Plan (Micro Loan)
C4C Landlord Loan
Security
Unsecured
Unsecured
Unsecured
UCC Filing
Prepayment Penalty
NO
NO
NO
NO
Fees
NO
NO
NO
UCC Fee $50
Downpayment Required
NO
YES
NO
NO
HES Assessment Required
NO
NO
YES
NO
Eligible Improvements
See Table Button Below
Heating System
See Table Button Below
See Table Button Below
Income Limit Applies
NO
NO
NO
NO
CT Residency Required
YES
NO
NO
NO
Owner-Occupancy Required
YES
NO
NO
NO
Maximum Loan Amount
$50 000.00
$15 000.00
$3 000.00
$40 000.00
Minimum Loan Amount
$500.00
$1 350.00
$500.00
$3 000.00
Debt to Income Ratio Maximum *waived for higher credit scores
50%*
N/A
N/A
50%*
Minimum FICO
580
N/A
N/A
660
Underwriting Basis
Credit Report
Utility History
Utility History
Credit Report
Eversource / UI Electric Customers Only
NO
YES
YES
NO
Payments may be added to electric bill
NO
Required
Required
NO
Repayment Plan
5-12 years
3-10 years
3 years
5-12 years
Interest Rate
5.99% - 7.49%
0.99%
0%
5.99% - 7.49%

||| We're Here To Help

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Consumer Lending Customer Service
Phone: 1-855-656-5500
Lending@capitalforchange.org
Company: NMLS #276717

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