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SMART-E LOAN

Insulation

Solar

Tree Removal for Solar

Furnace

Windows

Geothermal

Roof Repair

Water Heater

Caulking, Weatherstripping

Remediation

Air Conditioning

Energy Star Appliances

Electric vehicle charging

Heat Pump

Air / Duct Sealing

Compare All Energy Loans

	Smart-E Loan	EnergizeCT Heating Loan	HES Payment Plan (Micro Loan)	C4C Landlord Loan	Energy 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 scores	50%*	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 - Financing from 4.49% - 6.99%

Making your home more weather tight with improved insulation, windows, upgrading to ENERGY STAR® heating and cooling systems, improving the efficiency of your hot water equipment - all of these improvements and more will assist you to reduce your energy consumption and can lower your utility bills. C4C can help you finance these improvements with low interest loans made possible through a partnership with the CT 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 necesary 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 > $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)

Eligible Improvements

(minimum efficiency standards must be met)

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:

What Qualifies:
- Heat Pumps
  - These will require an energy assessment through ECT Home Energy Solutions or a similar program.
- Battery Storage systems for Solar PV - not the solar PV itself
- Electric Vehicle Charging Stations
Qualifying Terms:
- 5, 7, or 10 years only (not 12) - all at 2.99%
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 2.99% rate

Apply for a Loan

Click here to apply online for a SMART-E loan.

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