| Program | Energy Conservation Loan |
|---|---|
| Category | Financial Incentive |
| Implementing sector | State |
| Last Update | |
| State | Connecticut |
| Administrator | Connecticut Housing Investment Fund |
| Website | https://www.capitalforchange.org/energy-efficiency-programs |
| Technologies | Solar - Passive, Solar Water Heat, Solar Space Heat, Solar Photovoltaics |
| Sectors | Residential |
The Energy Conservation Loan is funded by the State of Connecticut Department of Housing and administered by Capital for Change, Inc. (C4C) for low- and moderate-income homeowners. Loans of $500 to $35,000 are available at an interest rate of 0% to 3%, depending on household income, with a maximum repayment term of 10 years. Eligible properties are owner-occupied single-family homes, two- to four-family homes, condominiums and mobile homes in Connecticut. Eligible improvements include insulation, air and duct sealing, windows and doors, boilers and furnaces, central air conditioning, heat pumps, water heaters, secondary heating systems, ENERGY STAR appliances, solar, battery storage and geothermal systems. All work must be completed by a C4C Participating Contractor, and projects already under way or completed cannot be financed.
Applications, current income limits and the participating contractor directory are available from the program web site above. C4C also offers a Home Energy Solutions micro loan of $500 to $3,000 at 0% for three years to Eversource and United Illuminating residential electric customers, and a Landlord Loan of $3,000 to $40,000 for energy efficiency and weatherproofing work on rental property.
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