Residential Energy Efficiency Financing Program

Low- or Zero-Interest Fixed-Rate Financing for Home Energy Solutions Recommendations
With up to 12 years to repay these unsecured loans from $1,000 to $25,000, and the ability to make loan payments through your utility bill, financing energy-saving improvements to your home couldn’t be easier.

Low-interest Loans for Home Energy Solutions Program Improvements

It’s never been easier to pay for energy-saving home improvements. Low-interest loans let you upgrade your home and enjoy lower energy costs right away.

If you’re a Connecticut resident and a residential customer of UI or Eversource you could be eligible. To participate, you must own and occupy a single-family home or a multifamily home up to four units, including condos. Vacation homes also qualify.

Loan Details

  • Loans ranging from $1,000 to $25,000*
  • Funds must pay for qualifying energy efficiency improvements
  • Interest rates are as low as zero percent**
  • Up to a 12-year term
  • No fees to you or your contractor; no pre-payment penalty
  • Unsecured, fixed-rate loans
  • No home equity required
  • Easy, quick application process
  • Eversource customers can choose to repay their loan through their utility bill or through the Connecticut Housing Investment Fund, Inc.
  • UI customers will pay their loan through their utility bill

What Improvements Qualify?

To qualify for financing, your home improvements must be recommended through the Home Energy Solutions program and be installed by an approved contractor. Improvements may include:

  • Insulation
  • Energy-efficient windows
  • ENERGY STAR® heating and cooling systems
  • High-efficiency water heating equipment

To learn more about the financing program and how to apply, visit the Connecticut Housing Investment Fund, Inc., website.

* Subject to credit approval by the Connecticut Housing Investment Fund, Inc.
**Interest rate of loan is based on the qualifying measure being financed.

 

Call 877-WISE-USE (877-947-3873) for more information. 

Who is Eligible

If you’re a Connecticut resident and a residential customer of UI or Eversource you could be eligible. To participate, you must own and occupy a single-family home or a multifamily home up to four units, including condos. Vacation homes also qualify.

To qualify for financing, your home improvements must be recommended through the Home Energy Solutions program and be installed by an approved contractor.

To learn more about the financing program and how to apply, visit the Connecticut Housing Investment Fund, Inc., website.

If you are a Connecticut resident and are not served by one of the utilities listed above, please visit your municipal utility's website to see what energy efficiency programs are available to you.

Energy Efficiency & Renewable Energy Tax Credits

Did you know you might be able to take advantage of federal income tax incentives for energy-efficient and renewable energy home improvements? Congress first passed the incentives in 2005 as part of the Energy Policy Act of 2005 and has amended them several times since then.

Current incentives expire December 31, 2016. The incentives fall into two categories. Be sure to review both to maximize your incentive.

  • Renewable energy sources like geothermal, solar, wind and others are covered under Residential Energy Efficient Property Credit (Part I). You may be able to take a credit of 30% of your qualified costs.
  • Energy efficiency improvements like insulation, windows, HVAC and more are covered under Nonbusiness Energy Property Credit (Part II). Credits for 10% of cost, up to $500 or a specific amount from $50-$300 may be available.

Helpful links:

ENERGY STAR® – See which products qualify, and for what incentive amount

IRS Tax Forms:

You should contact a tax professional with questions specific to your situation.

Our Partners

Visit to CT Power Update page