Smart-E Loan Special Heat Pump Offer (4/1/2026 - 6/30/2026)

We’re excited to share that a new, updated version of the heat pump financing offer will be available April 1 through June 30, 2026, with revised interest rates and loan caps.

These updates will take effect after the original deadline of March 31, 2026, and the extended offer will now run through June 30, 2026.

Updated Loan details:

    • 0.99% interest rate for 5- and 7-year terms
      • Maximum loan amount: $25,000
    • 2.99% interest rate for 10‑year term
      • Maximum loan amount: $30,000
    • No prepayment penalties
    • Please note that loans over the maximum amount will be available at a blended rate

Eligible Heat Pump Technologies*

  • Air source heat pumps
  • Ducted / ductless mini splits
  • Ground source / geothermal heat pumps
  • Heat pump water heaters 

Homeowner Eligibility

  • Homeowners must be an Eversource or Avangrid electricity customer
  • Homeowner must have been approved for an EnergizeCT Heat Pump Rebate**

How to get started

1. Work with a contractor. Any contractor can become eligible to join the program to offer the Smart-E loan. For this special offer, contractor must be an approved Smart-E contractor in good standing and must also be part of EnergizeCT’s Heat Pump Installer Network (HPIN).

2. Apply for a Smart-E loan. Contact one of these participating Smart-E lenders directly:

Provide the lender with the amount you need to finance and apply for pre-approval.

3. Contractor submits the project. Once your Smart-E loan is approved, let your contractor know they can submit the project to our Smart-E team.

4. Loan closing and project completion. After the loan is closed, the contractor receives a partial payment to begin the work and will receive final payment after the project is completed.

* A blended rate will be applied if other eligible improvements are included in project. 

** Special rate is only available on heat pump equipment eligible for the Energize CT rebates: air source; air-to-water; heat pump optimization; ground source; or water heater. Contractors provide the Smart-E team with an EnergizeCT Heat Pump Rebate Approval (aka Utility Reservation Letter), utility account number, and rebate reservation number)