Want a more comfortable, energy efficient home without making a big upfront investment? New England Smart Energy Group can help you make energy-saving home improvements for no money down with flexible, low-interest financing.
Why Financing Makes Sense
Energy-saving home improvements like insulation, HVAC upgrades, and new windows can lower your energy costs right away. In most cases, your energy cost savings will cover or even exceed your monthly loan payment. Once the loan is paid off, those monthly savings go straight into your pocket.
Financing Options
There are excellent financing options available for energy efficiency home improvements. We can help you compare your options and choose the right fit for your home and budget.
Micro Loans
If you’re an Eversource or UI customer participating in the Home Energy Solutions or Home Energy Solutions-Income Eligible program, you may qualify for a 0%, fixed-rate loan to make energy-saving improvements, including insulation and heat pump installation.
- $500 to $3,000 loan amount*
- 0% interest rate**
- 3-year (36 months) repayment term
- Make loan payments through your utility bill
*Subject to credit approval
**Interest rate of loan is based on the qualifying measure being financed.
Smart-E Loans
A Smart-E loan offers long-term, low-interest financing to help you make energy-saving home improvements for no money down. Over 70 home improvements are eligible for a Smart-E loan, including insulation, heating and cooling upgrades, and window replacements.
It’s offered by The Connecticut Green Bank, in partnership with Eversource and UI, CNG, and SCG, proud sponsors of Energize ConnecticutSM.
- Terms up to 20 years available
- No money down
- Fixed monthly payments
- Standard APR from 6.99% to 7.99%
Energy Conservation Loan
The Energy Conservation loan program is available to income-eligible households experiencing an emergency. It can be used to replace broken heating equipment or fix a leaking roof. To qualify, you must not be eligible for a Micro Loan or a Smart-E Loan.
Multifamily Property Loans
Multi-family property owners are eligible for a variety of loan options through Energize Connecticut, the Connecticut Green Bank, and Capital for Change. Multi-family buildings with 5+ units may qualify for financing up to 100% of the total project cost for energy-efficiency upgrades.
Have Questions? We’re Here to Help
At New England Smart Energy Group, we make it easy to find the right financing plan for your energy-saving upgrades.
As part of your HES/HES-IE visit, we’ll walk you through all the loan options available and help you choose the right fit. We’ll also show you what rebates and incentives you qualify for, which can significantly reduce your installation costs. Thanks to Energize CT rebates, federal tax incentives, and low-interest loans, it’s more affordable than ever to make energy efficiency improvements to your home.
