Now, for a limited time, homeowners installing heat pumps, battery storage, or EV charging stations are able to get a great low 2.99% interest rate with a Smart-E loan. (income eligible borrowers can get a 1.99% rate. Please click here to view the 100% State Median Income limits by household size.)
- standalone battery
- with new solar PV systems
- retrofitting existing solar PV systems
- Note: solar PV is not a special offer measure, only the battery
Eligibility: Battery loans are capped at $25,000. Anything above $25,000, up to the $40,000 loan maximum, will be processed at a blended rate.
o Contractors must be approved to participate in the Energy Storage Solutions program
o Projects must have a Reservation of Funds letter from the Energy Storage Solutions program to qualify
> Electric Vehicle Charging Equipment (Level 2)
> Heat Pumps
- Qualifying technologies:
- ductless mini splits
- ducted air source heat pumps
- ground source heat pumps (geothermal)
- heat pump water heaters
- solar hot water heaters
|Loan Terms||5 years||7 years||10 years|
Income eligible borrowers can get a 1.99% rate. Please click here to view the 100% State Median Income limits by household size.
*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.
Property must be:
- Located in Connecticut
- 1 to 4 unit residential building
- Condominiums must be individually metered
Customers must complete a home energy assessment through Energize CT, Norwich Public Utilities, Wallingford Electric, or CMEEC or provide proof of
having completed an energy assessment within the last 3 years.
Choose from these local lenders covering all of Connecticut. Click below to learn more about each institution’s service area, rates and special offers. Apply today!