HES Payment Plan (Micro) Loan. This program offers low-interest loans for making efficient improvements to a single-family residential building (1-4 units). Qualifying energy-saving improvements include: high-efficiency insulation, windows, ENERGY STAR ductless heat pump systems, and DHW equipment. Energize CT Heating Loan Program. This option helps single-family building owners (1-4 units) finance the purchase of energy-efficient heating systems. Smart-E Loan. This Energize Connecticut financing program offers long-term, low-interest financing to help Connecticut homeowners make energy efficiency improvements, including: air sealing, duct sealing, insulation, HVAC equipment, ENERGY STAR-certified appliances, mold/asbestos remediation, and window replacements. Energy Conservation Loan. This loan program offers eligible customers (who do not qualify for other financing programs) emergency funding for non-working heating systems and leaking roofs. Table 2-1: 2019-2021 Residential Energy Efficiency Single-Family Financing Solutions Financing Loan Limits Terms Interest Rate Funding Source Product HES Payment $1,000 to $3,000 Max. 3 years 0% interest up to 3 years Energy Efficiency Fund Plan (Micro) (on-bill (administered by C4C) Loan repayment) Energize CT Up to $15,000 Max. 10 0.99% Systems Benefit Charge Heating Loan (on-bill years (administered by C4C) repayment) A minimum down payment of 10% of the cost of the replacement heating furnace or boiler equipment is required Smart-E Loan Up to $40,000 for 5 year 4.49% Energize CT single-family 7 year 4.99% (administered by (1 to 4 units) 10 year 5.99% Connecticut Green Bank) 12 year 6.99% Energy Up to $25,000 for Max. Loan: CT Department of Conservation single-family (1-4 10 years 0-3% Housing Loan Program units) Interest Rate Buy Down: (“ECLP”) Energy Efficiency Fund (administered by C4C)
HES Payment Plan (Micro) Loan. This program offers low-interest loans for making improvements to a single-family residential building (1-4 units). Qualifying energy-saving improvements include: high-efficiency insulation, windows, ENERGY STAR ductless heat pump systems, and DHW equipment. Energize CT Heating Loan Program. This option helps single-family building owners (1-4 units) finance the purchase of energy-efficient heating systems. Smart-E Loan. This Energize Connecticut financing program offers long-term, low-interest financing to help Connecticut homeowners make energy efficiency improvements, including: air sealing, duct sealing, insulation, HVAC equipment, ENERGY STAR-certified appliances, mold/asbestos remediation, and window replacements. Energy Conservation Loan. This loan program offers eligible customers (who do not qualify for other financing programs) emergency funding for non-working heating systems and leaking roofs. Table 2-1: 2019-2021 Residential Energy Efficiency Single-Family Financing Solutions Financing Product Loan Limits Terms Interest Rate Funding Source HES Payment Plan (Micro) Loan $1,000 to $3,000 (on-bill repayment) Max. 3 years 0% interest up to 3 years Energy Efficiency Fund (administered by C4C) Energize CT Heating Loan Up to $15,000 (on-bill repayment) Max. 10 years 0.99% A minimum down payment of 10% of the cost of the replacement heating furnace or boiler equipment is required Systems Benefit Charge (administered by C4C) Smart-E Loan Up to $40,000 for single-family (1 to 4 units) 5 year 7 year 10 year 12 year 4.49% 4.99% 5.99% 6.99% Energize CT (administered by Connecticut Green Bank) Energy Conservation Loan Program (“ECLP”) Up to $25,000 for single-family (1-4 units) Max. 10 years 0-3% Loan: CT Department of Housing Interest Rate Buy Down: Energy Efficiency Fund (administered by C4C) efficient
Final%202019%202021%20Plan%20%2811-19-18%29.docx