Financing for Home Upgrades

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Financing Programs

Our home upgrade advisors will guide you through the proposal, rebate, and financing processes.

We coordinate with Energize Connecticut and Capital for Change β€” organizations that offer low-interest home improvement loans β€” so that more homeowners can have access to energy efficiency investments. We work closely with the Connecticut Green Bank and were even awarded the Smart-E Loan Top Performers Award for providing excellent customer support and guidance on energy efficiency loans throughout Connecticut.

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Let us make home improvement easier for you through a diverse range of financing options:

Solar PV Bundles

  • Go Solar and add:
  • Attic, wall or floor insulation
  • Heat pump
  • High efficiency boiler or furnace
  • Tankless or water heater
  • Electric vehicle charging station
  • Central air conditionin
  • Energy efficient windows

Insulation Bundles

  • Insulation combined with:
  • Energy efficient windows
  • Heat pump
  • High efficiency boiler or furnace
  • Tankless or water heater
  • Electric vehicle charging station
  • Central air conditionin

Home Energy Solutions Bundle

  • Participate in HES and install:
  • Attic, wall or floor insulation
  • Heat pump
  • High efficiency boiler or furnace

High Efficiency HVAC Bundles

  • Bolier or furnace plus:
  • Attic, wall or floor insulation
  • Heat pump
  • Solar PV

*Heat pumps include air source hot water heaters, ductless mini splits, and geothermal.

0% HES Payment Plan (Micro) Loan

Many people refer to this type of loan as " free money" because you can get a loan amount ranging from $1,000 to $3,000 with 0% interest rate and a 3-year repayment term. The loan doesn’t require a credit check; payments are added to your monthly electricity bill for only 36 months.

$1000 loan

$27.77 per month
  • Loan Term: 36 Months
  • Interest Rate: 0%

$2000 loan

$55.55 per month
  • Loan Term: 36 Months
  • Interest Rate: 0%

$3000 loan

$83.33 per month
  • Loan Term: 36 Months
  • Interest Rate: 0%

To participate in the Home Energy Solutions loan program, you must be an Eversource or United Illuminating electric customer, customers can make loan payments through their utility bill.

To qualify, you must own a 1-4 family home in CT (includes condos and mobile homes) . Home Comfort Practice can walk you through the entire process.

There's no credit review, customers must simply have good electric payment histories.

The loans cover 100% financing for eligible improvements up to $3,000 and at 0% interest.

0% Energy Conservation Loan (ECL)

The ECL is ideal for households with a limited income plan and comprehensive energy efficiency home upgrades. This type of loan has a wider range of loan amounts β€” you can get any amount between $400 and $25,000 without an interest rate. Moreover, you have 10 years (120 months) to pay back the loan.

$5,000 loan

$41.66 per month
  • Loan Term: 120 Months
  • Interest Rate: 0%

$10,000 loan

$83.33 per month
  • Loan Term: 120 Months
  • Interest Rate: 0%

$15,000 loan

$125.00 per month
  • Loan Term: 120 Months
  • Interest Rate: 0%

$20,000 loan

$166.66 per month
  • Loan Term: 120 Months
  • Interest Rate: 0%

$25,000 loan

$208.33 per month
  • Loan Term: 120 Months
  • Interest Rate: 0%

Your household income must be at or below the income limit for your town.

You must own a 1-4 family home in CT (includes condos and mobile homes)

There's no minimum credit score to qualify for an Energy Conservation Loan (ECL)

The loans cover 100% financing for eligible improvements up to $25,000 and at 0% interest.

You have 10 years to repay your Energy Conservation Loan at 0% interest.

Special financing options for emergency replacement of red-tagged heating system or leaking roof

Expanded energy-efficiency options are eligible (roof, siding, doors, solar, secondary heating systems)

4.99% Smart E-Bundle

If you’re looking for a home upgrade financing option with high flexibility and no income restrictions, then this is the loan for you. You can borrow any amount between $500 and $40,000 at 4.99% to 6.99% interest rate. The loan is available at 5, 7, and 10-year repayment terms.

Special 4.99% rate for certain project bundles, natural gas conversions, and heat pumps

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eversource-energy

Payments may be added to electric bill (Eversource customers only)

Home Energy Assessment required for bundle offers only

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You must own a 1-4 family home in CT (includes condos and mobile homes)

The minimum credit score is 580 ( The minimum for loans >$25,000 is 640)

The loans cover 100% financing for eligible improvements up to $40,000 and rates start as low as 4.99%

You may get more than 12 years to repay your Smart-E Bundle Loan at as little as 4.99% interest.

The interest rate options range from 4.99% to 6.99% for up to $40,000 over up to 12 years.

Slash your Upgrade Costs by Getting Qualified for Rebates Energy Efficiency Incentives

Which energy-saving upgrades are eligible for Energize CT Rebates?
Energize CT offers numerous rebates for energy-saving upgrades for Connecticut homeowners, which includes: up to $1.70 per square foot for insulation; up to $100 per unit for Triple Pane Windows; up to $15,000 per installation for Ground Source Heat Pumps; up to $85 per unit for Smart Thermostats; up to $300 per unit for Tankless Gas Water Heaters; up to $650 per unit for Natural Gas Furnaces; up to $750 per unit for both Natural Gas Boilers and Heat Pump Water Heaters; up to $300 per unit for Gas Condensing Water Heaters and up to $15,000 per installation for Air Source Heat Pumps. Please note that the details presented here serve merely as general information and not as financial advice. Actual rebates may vary based on specific circumstances and program rules at the time of your project. Always check the current program details and requirements with Energize CT.
"Which energy-saving upgrades are eligible for Inflation Reduction Act Rebates?
The Inflation Reduction Act empowers energy-conscious households with a suite of substantial incentives for a range of energy-saving upgrades, including Heat Pump Water Heaters (rebates up to $1,750), Heat Pump Air Conditioner/Heaters (up to $8,000), Weatherization projects (up to $1,600), Electric Induction Stoves (up to $840), Electric Wiring (up to $2,500), Heat Pump Clothes Dryers (up to $840), and Electrical Panels (up to $4,000). The information provided here regarding the Inflation Reduction Act is for informational purposes only, may vary based on individual circumstances and regulatory changes, and does not constitute legal, financial, or tax advice; consult with official sources or relevant government agencies for the most accurate, up-to-date information, and to verify eligibility, rebate amounts, and tax credit details.

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