Special Offer – Heat Pump Finance

Special Offer – Heat Pump Finance

Heat pump technology is the solution for savings and comfort.

High efficiency heat pump technology can reduce energy costs while cooling and heating your home. Heat pumps provide year-round comfort, making your home cooler in the summer and warmer in the winter.

The Smart-E Loan offers low rates and flexible terms for the installation of a qualifying heat pump technology, including: ductless mini splits, air source heat pumps, heat pump hot water heaters, and geothermal/ground source heat pumps.

A heat pump is a super-efficient, economical, and environmentally-friendly way to heat and cool your home for year-round comfort.

For more about air source heat pumps (ASHP), please read Northeast Energy Efficiency Partnerships’ ASHP Buying Guide.


  • Can you provide references from previous customers with similar systems?
  • Will I need any electrical service upgrade to accommodate the heat pumps?
  • What type of indoor units are you recommending, where will they be located, and why?
  • Do you provide a warranty for the systems you install, and how long is it?
  • Will you provide training for me on how to properly operate and maintain the system?

CT Green Bank – in partnership with Energize CT and select local lenders and contractors – offers long-term, low-interest financing to help you upgrade your home’s energy performance with no money down.

CT Green Bank has partnered with Energize CT and lenders in your community to offer long-term, low-interest financing for your smart energy upgrade.


Loan Term* 5 years 7 years 10 years
Maximum Rate (varies by lender) 4.49% 4.99% 5.99%


You’re eligible if your residence is:

  • 1-4 units (condominiums must be individually metered)
  • Owner-occupied
  • Your primary residence and located in Connecticut

The Heat Pump Special Offer requires completion of a home energy assessment within the last three years. Get started with an assessment below:

For questions regarding the Smart-E Loan Program, contact Connecticut Green Bank at (860) 563-0015 or smarte@ctgreenbank.com.

*APR=Annual Percentage Rate. Please note that the interest rates shown here are available to borrowers with a satisfactory credit history. Subject to other terms and conditions. Other restrictions may apply.

  1. Find a Contractor to discuss your energy improvements.
    If your contractor is not on the approved list, they should contact smarte@ctgreenbank.com for Smart-E training.

    Using multiple contractors?
    Select one to act as your general contractor. They will help facilitate this process for you.

  2. Select your home energy upgrade.
    Your contractor will work with you to be sure the improvements meet our eligibility requirements. Click on the Smart-E Heat Pump Offer Terms tab above.

  3. Get pre-approved by a participating lender.
    Apply directly with your selected lender before your contractor begins the project.

  4. Close your loan with your lender.
    Your lender will reach out to schedule a loan closing once the project is approved.