• Compare All Energy Loans

  

  	Smart-E Loan	EnergizeCT Heating Loan	HES Payment Plan (Micro Loan)	C4C Landlord Loan
  Interest Rate	4.49% - 6.99%	0.99%	0%	4.49% - 6.99%
  Repayment Plan	5-12 years	3-10 years	3 years	5-12 years
  Payments may be added to electric bill	Eversource Only	Required	Required	Eversource Only
  Eversource / UI Electric Customers Only	NO	YES	YES	NO
  Underwriting Basis	Credit Report	Utility History	Utility History	Credit Report
  Minimum FICO	580	N/A	N/A	660
  Debt to Income Ratio Maximum *waived for higher credit scores	50%*	N/A	N/A	50%*
  Minimum Loan Amount	$500.00	$1 350.00	$500.00	$3 000.00
  Maximum Loan Amount	$40 000.00	$15 000.00	$3 000.00	$40 000.00
  Owner-Occupancy Required	YES	NO	NO	NO
  CT Residency Required	YES	NO	NO	NO
  Income Limit Applies	NO	NO	NO	NO
  Eligible Improvements	See Table	Heating System	See Table	See Table
  HES Assessment Required	NO	NO	YES	NO
  Downpayment Required	NO	YES	NO	NO
  Fees	NO	NO	NO	UCC Fee $50
  Prepayment Penalty	NO	NO	NO	NO
  Security	Unsecured	Unsecured	Unsecured	UCC Filing

Compare programs by improvement types

• Chart by program

  

  	Smart-E Loan	EnergizeCT Heating Loan	HES Payment Plan (Micro Loan)	C4C Landlord Loan
  Insulation	X		X	X
  Bioler/Furnace	X	X		X
  Heat Pumps	X	X	Ductless only	X
  Tankless Water Heater	X		NG only	X
  Indirect Water Heater	X		NG only	X
  Central Air Conditioning	X			X
  Siding	Max 25% of loan
  Roof Replacement	Max 25% of loan
  Roof Repair	Max 25% of loan
  Windows	X		X	X
  Doors	Max 25% of loan
  Solar	X			X
  Geothermal	X			X
  Caulking/Weatherstripping	X		Max 20% of loan	X
  Air Sealing/Duct Sealing	X		Max 20% of loan	Max 20% of loan
  Secondary Heating Systems (non-electric)
  Woodstoves
  Electric vehicle charging station	Max 25% of loan
  Tree Removal for Solar	Max 25% of loan
  Remediation (Asbestos, Mold, Etc)	X		Max 20% of loan	Max 20% of loan