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You are here: Home1 / Home Solutions2 / Smart-E Loans

smart-e loan

Enjoy an energy efficient & resilient
home with flexible financing

A Smart-E Loan makes it easy to enjoy a healthy, comfortable, resilient, and energy efficient home. We partner with a network of local contractors and lenders to offer low-interest financing with fixed monthly payments to help you upgrade your home.

No money down Low-interest financing Easy to apply

smart-e loan

Enjoy an energy efficient & resilient
home with flexible financing

A Smart-E Loan makes it easy to enjoy a healthy, comfortable, resilient, and energy efficient home. We partner with a network of local contractors and lenders to offer low-interest financing with fixed monthly payments to help you upgrade your home.

No money down Low-interest financing Easy to apply

Financing to fit any home energy improvement project

Loan Terms5 years7 years10 years12 years15 years*
Standard APR6.99%6.99%6.99%7.49%7.99%
Loan TermsStandard APR
5 years6.99%
7 years6.99%
10 years6.99%
12 years7.49%
15 years*7.99%

* Lender participation varies on offering 15-year terms.

Don’t miss out on these rates. Get started today!

We have pre-qualified lenders ready to help you finance your next project.

Find a Lender

What home improvements can I finance?

A Smart-E Loan can be used for over 90 home energy and resiliency-related improvements, including insulation, windows, heat pumps, solar panels, floodproofing, plumbing and more. You can also use up to 25% of your loan for non-energy related measures and healthy home improvements, such as new ENERGY STAR® appliances, lead removal, or roof repairs in advance of going solar. (The current maximum loan amount for Smart-E is $50,000.)

See where you can save by selecting a category below.

Home Performance and Efficiency >
Heating and Cooling >
Water Heating >
Health and Safety >
Renewables >
Resilience >

Who is eligible for a smart-e loan?

To be eligible for a Smart-E Loan, your home must be:

  • Located in Connecticut
  • Owner-occupied
  • A residential building with 1–4 units (condominiums must be individually metered)

Qualification is based on factors including, but not limited to, credit score and debt-to-income ratio (DTI). All final underwriting decisions are made by the lender. Some improvements may require you to complete a Home Energy Assessment before you are eligible for a Smart-E Loan.

Have questions? Check our our Frequently Asked Questions (FAQ)

How to get started

Tip: Consider getting a Home Energy Solutions (HES) assessment. Professionals will point out areas that could improve your home’s performance and provide information on any available rebates.

  • Step 1:

     

    Select a contractor

    Reach out to multiple contractors to compare quotes for your energy upgrade and decide which contractor suits your needs.

    Already working with a contractor but they aren’t on our participating contractor list? They can contact us here to sign up!

  • Step 2

    Apply for a Smart-E Loan

    Contact a local Smart-E Lender directly with the amount you need to finance and apply for Smart-E Loan pre-approval.

  • Step 3

    Notify your Smart-E Contractor

    Once your Smart-E Loan is pre-approved, let your contractor know they can submit your project information to our Smart-E team to ensure your project meets the program’s energy efficiency standards (all Eligible Measures and requirements).

  • Step 4

    Close your Smart-E Loan

    Once the Green Bank provides technical approval and notifies your chosen lender, the lender will send your loan documents to be signed. Once your loan is closed, your contractor is paid an initial one-third of your loan funds by your chosen lender, and your contractor can install your energy improvement.

  • Step 5

    Project Completion

    Once the project is complete, your contractor will have you sign the Certificate of Completion (COC), which indicates you are satisfied with the project as-is and agree that the contractor should be paid final loan funds. We review and approve the completion documents, and your contractor receives final payment from the lender. Finally, you can provide a review of your Smart-E loan experience and your contractor, and can request a complimentary third-party inspection.

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It’s easy to get started!

If you are in the early stages of planning, or if you have a project in mind, we can make the process an easy one.

Schedule a consultation. Contact Us →
Start planning. Find a Contractor →
Learn about financing. Find a Lender →

Connecticut homeowners are changing for the greener!

With a high-efficiency boiler, Steve & Tanya are saving $1,800 annually

View the full story

Natural gas and a high-efficiency boiler gives the Watson family an expected annual savings of $1,200

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Solar and geothermal systems cut Dan & Sarah’s energy bills to just $630

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Solar and a ductless heat pump gives Bill & Lisa an expected annual savings of $3,000

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As an early adopter of battery storage, Paul has been keeping a close watch on his investment.

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Denise and Doug are enjoying their newly installed solar and battery storage system.

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Switch to Geothermal Reduces Heating Costs and Brings in AC

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75 Charter Oak Avenue
Suite 1-103
Hartford, CT 06106

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700 Canal Street
5th Floor
Stamford, CT 06902

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