SMART-E LOAN
Insulation
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Solar
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Tree Removal for Solar
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Furnace
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Windows
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Geothermal
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Roof Repair
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Water Heater
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Caulking, Weatherstripping
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Remediation
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Air Conditioning
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Energy Star Appliances
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Electric vehicle charging
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Heat Pump
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Air / Duct Sealing
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Compare All Energy Loans
Smart-E LoanEnergizeCT
Heating LoanHES Payment Plan
(Micro Loan)C4C Landlord LoanEnergy Conservation Loan (ECL) **Emergencies only**Interest Rate 4.49% - 6.99% 0.99% 0% 4.49% - 6.99% 0-3% Repayment Plan 5-12 years 3-10 years 3 years 5-12 years 10 years Payments may be added to electric bill Eversource Only Required Required Eversource Only NO Eversource / UI Electric Customers Only NO YES YES NO NO Underwriting Basis Credit Report Utility History Utility History Credit Report Credit Report Minimum FICO 580 N/A N/A 660 N/A Debt to Income Ratio Maximum *waived for hihger credit scores50%* N/A N/A 50%* 50% Minimum Loan Amount $500.00 $1 350.00 $500.00 $3 000.00 $400.00 Maximum Loan Amount $40 000.00 $15 000.00 $3 000.00 $40 000.00 $25 000,00 Owner-Occupancy Required YES NO NO NO NO CT Residency Required YES NO NO NO YES Income Limit Applies NO NO NO NO YES Eligible Improvements See Table Heating System See Table See Table See Table HES Assessment Required NO NO YES NO NO Downpayment Required NO YES NO NO NO Fees NO NO NO UCC Fee $50 Recording Fee $60-$75 Prepayment Penalty NO NO NO NO NO Security Unsecured Unsecured Unsecured UCC Filing Secured by property
Save energy and money by Improving your home's energy efficiency with financing from 4.49% to 6.99%
Make your home more weathertight with improved insulation and windows. Upgrade to ENERGY STAR® heating and cooling systems. Improve the efficiency of your hot-water equipment. All these improvements and more will help you reduce your energy consumption and can lower your utility bills. C4C can help you with low-interest loans made possible through a partnership with the Connecticut Green Bank..
Loans may be for $500 to $40,000 and funding will be used for conducting qualified improvements/equipment replacements. Non-listed work directly related and necessary to the installation of the listed qualifying measures may be financed along with the qualifying measure at the applicable interest rate (capped at 25% of the total loan amount).
Eligibility
Applicants must own and occupy* a single or 2-4 family home (includes condos, mobile homes, and vacation homes) in the State of Connecticut.
Minimum 580 credit score (Minimum 640 credit score for loan amounts greater than $25,000).
Projects that are underway or completed will not qualify for financing. Please do not schedule your project until after you have received your loan documents from C4C.
*If you do not occupy the property, please contact C4C regarding our alternate loan option.
Loan Terms
Eversource electric customers may elect to have loan payments added to their monthly electric bill
$500 to $40,000 loan amount.
Rate/Term options:
4.49% for 5 years
4.99% for 7 years
5.99% for 10 years (Minimum loan size $5,000)
6.99% for 12 years (Minimum loan size $5,000))
All work must be completed by a C4C Participating Contractor
High Efficiency Insulation
Duct Sealing
Air Sealing
Gas Conversion
High Efficiency Boiler/Furnace
Central Air Conditioning
Ductless Mini-Split Heat Pump
Air Source/Ground Source Heat Pump
Heat Pump Water Heater
Indirect Water Heater (Natural Gas only)
On-Demand Tankless Water Heater (Natural Gas/Propane only)
Window Replacement
Solar PV System
Solar Hot Water System
Electric Vehicle Recharging Station
Natural Gas Vehicle Refueling Station
ENERGY STAR® appliances
Asbestos Remediation
Mold Remediation
Roof Repair
Tree Removal for Solar Installation
Here's how the offer will work:
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What Qualifies:
- Insulation
- Windows
- Boilers
- Furnaces
- Water heaters
- Central air conditioning
- Heat pumps (air source and ground source)
- Electric vehicle charging equipment
- Battery Storage systems for Solar PV - not the solar PV itself
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Qualifying Terms:
- 5, 7, or 10 years only (not 12) - all at 1.99% (low-income households may qualify for 0%)
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How to Qualify:
- Apply for a standard Smart-E loan for your eligible improvement, choosing the 5, 7, or 10 year term
- Your contractor will upload the project to the Green Bank for approval of both the project and the special rate offer
- Once approved, your approval will be updated to reflect the special rate
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