All Programs

Connecticut Green Bank offers green energy solutions to home, building and multifamily property owners, residential and commercial contractors, towns and cities, and even capital providers. Learn more about our programs and select the one that’s right for you.

Smart-E Loan

Smart-E Loans offer no money down, low-interest financing with flexible terms to help you upgrade your home’s energy performance. Almost any home improvement project that reduces energy use and lowers costs may qualify. And applying through a local lender is as easy as child’s play.

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Residential Solar Investment Program (RSIP)

It’s easy for Connecticut homeowners to generate renewable energy from the sun–and RSIP makes it much more affordable. The Residential Solar Investment Program provides rebates that lower the initial out-of-pocket costs to homeowners who wish to install a solar photovoltaic (PV) system.

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PosiGen Solar + Efficiency for Low-to-Moderate Income Homeowners

In partnership with the Connecticut Green Bank, PosiGen offers to low-to-moderate income homeowners a solar lease that also combines money-saving energy efficiency measures. This innovative approach takes away the concern of being turned down based on your credit profile, making solar affordable for all.

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C-PACE

Commercial Property Assessed Clean Energy (C-PACE) is an innovative program that lets you pay for green energy improvements over time through a voluntary benefit assessment on your property tax bill. C-PACE makes it easier for building owners to secure low-interest capital to fund energy improvements and is structured so that energy savings more than offset the benefit assessment.

Upgrade with a C-PACE registered contractor. Whether you are looking to install solar panels, efficient lighting, or efficient heating and cooling equipment, C-PACE has contractors in your area.

More than 40 contractors have completed C-PACE projects across the state. Use the map to find C-PACE contractors that specialize in energy improvements of interest or that are located near you. Click on the tabs below to explore these companies further and view C-PACE projects they have completed in Connecticut.

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Save money on operating costs, reduce energy costs, and improve the living environment for your tenants with support from the Connecticut Green Bank. Through our programs you can get the technical assistance you need to make smart energy upgrades, secure financing, rebates, and incentives and track performance and savings.

Who is eligible?

  • Owners of multifamily residential properties with 5 or more units
  • Owners of market rate and affordable housing
  • Private owners
  • Non-profit owners
  • Public Housing Authorities
  • Assisted living communities
  • Condominium and cooperative associations

What upgrades are eligible?

  • Heating and cooling systems
  • Hot water systems
  • Building envelope
  • Lighting and appliances
  • Water efficiency
  • Renewable energy systems (solar PV, solar thermal, and others)
  • Conversion from oil or electric to gas
  • Qualified health and safety measures

Program Process

  1. Contact the Connecticut Green Bank to receive guidance on best approach for your specific property or portfolio, including technical assistance and financing options
  2. Engage a qualified energy professional to evaluate your property and determine options and incentives that will result in the highest return on investment
  3. Secure financing, rebates, and incentives
  4. Implement and monitor upgrades

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Smart-E

Help Your Customers Finance Their Next Energy Project

Smart-E Loans offer long-term, low-interest financing through participating lenders to help Connecticut residents make home energy improvements. Smart-E Loans are affordable, simple and quick to access.

This long-term, low-interest loan can finance more than 40 different kinds of upgrades, including HVAC improvements, fuel conversions, and solar photovoltaic systems. We partner with local, community banks and credit unions to provide some of the lowest cost financing in the market.

Interested in becoming an eligible contractor for Smart-E? Join us for a 40 minute webinar training, Fridays at 9AM! Request an invitation by emailing [email protected]

Multifamily Energy Financing Programs

The Connecticut Green Bank has a variety of programs that help multifamily owners save money on operating costs, reduce energy costs, and improve the living environment for their tenants.

Through our programs, multifamily contractors like you can grow your business by closing more projects, whether it is through pre-development loans for owners, or permanent financing.

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Residential Solar Investment Program (RSIP)

Help Your Customers Make a Smart Solar Energy Investment in their Homes

The Residential Solar Investment Program offers two incentive structures to help Connecticut homeowners go solar, the EPPB and the PBI.

The Expected Performance-Based Buydown incentive (EPBB) (Rebate) is available to homeowners choosing to purchase a PV system from an Eligible Contractor. Under this model, the Contractor presents the rebate as an upfront cost reduction to the customer and is reimbursed by the Green Bank upon completion of the project.

The Performance-Based Incentive (PBI) is designed to allow homeowners to benefit from solar PV systems for little to no upfront cost. Under this model, an Eligible Third-Party PV System Owner owns the system and enters into a contract with the homeowner. The PBI is paid to the System Owner based on actual performance over the course of 6 years, and is used to reduce the homeowner’s monthly cost. There is also a low-to-moderate income (LMI) version of the PBI for homeowners making 100% of area median income or lower.

Interested in becoming an Eligible Contractor or Eligible Third-Party PV System Owner in the Residential Solar Investment Program? Contact [email protected]

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Working Capital

Working Capital is a line of credit secured by ongoing cash flow, project finance, and accounts receivable (your customers).

Connecticut Green Bank’s Working Capital program

Borrow up to 50% of project costs for Connecticut Green Bank program projects.

 Webster Bank

Wells Fargo

Program Materials

C-PACE

Commercial Property Assessed Clean Energy (C-PACE) is an innovative program that lets building owners pay for green improvements over time through a voluntary benefit assessment. The biggest barrier to converting leads to deals for energy upgrades is a building owner’s lack of capital. C-PACE solves this, and contractors who offer C-PACE gain access to more potential customers and can initiate projects with deeper and more comprehensive energy upgrades. C-PACE enables contractors to:

  • Offer 100% up-front financing with no money down
  • Design comprehensive projects that are immediately cash flow positive
  • Gain access to more potential customers

With C-PACE, contractors can initiate projects with deeper and more comprehensive energy upgrades, providing their clients with immediate positive cash flow and no out-of-pocket expense. C-PACE is available to building owners of all types – commercial, industrial, agricultural, nonprofits and multifamily.

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Multifamily Energy Financing Programs

The Connecticut Green Bank has a variety of programs that help multifamily owners save money on operating costs, reduce energy costs, and improve the living environment for their tenants.

Through our programs, multifamily contractors like you can grow your business by closing more projects, whether it is through pre-development loans for owners, or permanent financing.

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Lead by Example

Energy Savings Performance Contracts (ESPCs) help you save money, make facilities more comfortable and enjoy all the benefits of green upgrades.

Here’s how they work. You agree to implement a set of energy efficiency and renewable energy measures and those measures are guaranteed to save enough money to finance their full cost. Connecticut Green Bank assists the Department of Energy and Environmental Protection (DEEP) in administering the program for Connecticut municipalities and state agencies. Pre-qualified contractors, significant technical support and standardized contract documents help to streamline the process for you.

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Solarize CT

Would you like to dramatically increase the use of residential solar PV in your community? Solarize CT has done it. Coordinated outreach, education and marketing, combined with competitive pricing for homeowners, have rapidly expanded solar in communities across the state.

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C-PACE Municipalities

C-PACE is an economic development tool for cities and towns across Connecticut. Energy upgrades create a more competitive environment for attracting and retaining businesses through lower energy costs. Furthermore, energy upgrades create new jobs while reducing greenhouse gases and other pollutants.

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Partner with Connecticut Green Bank

There are opportunities for local lenders and capital providers to partner with CT Green Bank and to help spark the green energy movement. To learn more about these opportunities, and how to file a request, visit our Open RFP page at the link below.

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