Smart-E
Loans

Capital To Empower Homeowners

Save energy and money by improving your home's energy efficiency with financing from

4.49% to 6.99%

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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
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

Our Energy Programs - Understanding Which Loan Is Right For You

Home Energy Solutions Payment Plan (Micro) Loans 
The Home Energy Solutions Payment Plan (Micro) Loan provides financing for smaller energy-efficiency improvements, such as insulation, that reduce household costs while maintaining healthy, efficient and comfortable homes. Loans may be for $1,000 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
$40 000.00
$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
4.49% - 6.99%
0.99%
0%
4.49% - 6.99%

||| We're Here To Help

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