Introducing the Smart-E Loan!
A Smart-E Loan offers no money down, low-interest financing with flexible terms to help you upgrade your home’s energy performance – and save money! Over 40 home improvement projects that reduce energy use and lower utility bill costs may qualify. With rates as low as 4.49% applying through a local lender is as easy as child’s play!
CT Green Bank – in partnership with Energize CT and select local lenders and contractors – offers long-term, low-interest financing to help you upgrade your home’s energy performance with no money down. *15 and 20 year terms are available. Lender participation varies. Whether you are looking to improve the comfort of your home, lower your energy costs, or increase your home’s value, a Smart-E Loan makes it easy! *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. When you go green, you save green. Over 40 home energy improvements can be financed using a Smart-E Loan, from insulation to windows, HVAC to solar PV. You can also use up to 25% of your loan for non-energy related measures and healthy home improvements such as new ENERGY STAR® appliances, asbestos or lead removal and roof repairs in advance of going solar. Here are just a few examples of the many home energy upgrades made possible by Smart-E. Click here for a complete list of eligible improvements. Attic, wall, or floor insulation Duct sealing Air sealing Window replacement Air source / ground source heat pump Central air conditioning Ductless mini split heat pump High efficiency furnace / boiler Natural gas fuel conversion Heat pump water heater Indirect water heater-natural gas On-demand tankless water heater – natural gas/Propane Solar PV system Solar hot water system Electric vehicle recharging station Natural gas vehicle refueling station ENERGY STAR appliances Asbestos/Mold remediation Roof repair for solar Tree removal for solar Find a Contractor to discuss your energy improvements. Using multiple contractors? Select your home energy upgrade. Get pre-approved by a participating lender. Close your loan with your lender. Choose from eleven local lenders covering all of Connecticut. Click below to learn more about each institution’s service area, rates and special offers. Apply today!
Loan Terms*
5 years
7 years
10 years
12 years
APR
4.49%
4.99%
5.99%
6.99%
Eligible Upgrades
Home Performance/ Efficiency
Heating and Cooling
Water Heating
Renewables
Other (Cannot exceed 25% of the total loan amount)
If your contractor is not on the approved list, they should contact [email protected] for Smart-E training.
Select one to act as your general contractor. They will help facilitate this process for you.
Your contractor will work with you to be sure the improvements meet our eligibility requirements. Click on the Smart-E Loan Eligibility Requirements tab below.
Apply directly with your selected lender before your contractor begins the project.
Your lender will reach out to schedule a loan closing once the project is approved.
