Smart-E Loans

Finance Your Next Smart Energy Project with a 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 2.99%, applying through a local lender is as easy as child’s play.

What is a Smart-E Loan?

Energize CT – in partnership with select local lenders and contractors – offers long-term, low-interest financing to help you upgrade your home’s energy performance with no money down.

Loan Term571012
APR*4.49%4.99%5.99%6.99%

Special offers are available for qualifying projects at 2.99% APR for 5, 7 and 10-year loan terms.

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.

What Home Improvement Projects Can I Finance?

Smart-E puzzleWhen 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.

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.

Home Performance /
Efficiency
Heating and CoolingWater HeatingRenewablesOther*

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

Tree removal for solar

* Cannot exceed 25% of the total loan amount

How Do I Get Started with a Smart-E Loan?

  1. Find a Contractor to discuss your energy improvements.
    If your contractor is not on the approved list, they should contact smarte@ctgreenbank.com for Smart-E training.

    Using multiple contractors? Select one to act as your general contractor. They will help facilitate this process for you.

  2. Select your home energy upgrade.
    Your contractor will work with you to be sure the improvements meet our eligibility requirements. Click on the Smart-E  Loans Eligibility Requirements tab below.

  3. Get pre-approved by a participating lender.
    Apply directly with your selected lender before your contractor begins the project.

  4. Close your loan with your lender.
    Your lender will reach out to schedule a loan closing once the project is approved.

Smart-E Loan Eligibility Requirements

  • Property must be located in Connecticut
  • Property must be owner-occupied
  • Property must be a 1 to 4 unit residential building
  • Condominiums must be individually metered

Get Pre-Approved With a Participating Lender

This is the first step to get started with Smart-E Loan. Choose from eleven local lenders covering all of Connecticut. Click to learn more about each institution’s service area, rates and special offers.  Apply today!

CAPITAL FOR CHANGE

CorePlus logo

Eastern Savings Bank logo
Ion Bank logoMutual Security Credit Union logoNutmeg State Financial Credit Union logo
Patriot Bank logoFirst National Bank of SuffieldThomaston Savings Bank logo 200x100
Union Savings Bank logoWorkers' logo

Success Stories

Learn how homeowners across Connecticut are improving their homes and lowering energy costs with Smart-E.

Smart-E Loans Myers

“What we’ve seen since we’ve converted is stability. The house is so much more comfortable now.”


– Myers family, natural gas conversion and heating equipment

About The Project

Location: Norwich, CT
Building Type: Ranch
Building Size: 1.428 sq ft
Year Built: 1960
Project: Converted to natural gas and upgraded to a high efficiency boiler
Total Project Cost: $8,318.09
CEFIA Financing: Smart-E Loan
Annual Energy Cost Savings: $1,200


Smart-E Loans Hemeon

 “Smart-E helps get you where you want to be, and where you want to be is self-sufficient with solar energy."

– Hemeon family, installed solar PV

About The Project

Location: Pomfret, CT
Building Type: Colonial
Building Size: 2,944 sq ft
Year Built: 1982
Project: 36 Solar Panels
Total Project Cost: $31,125
CEFIA Financing: Smart-E Loan
Estimated Annual Energy Cost Savings: $1,794
Estimated Solar Panel Energy Production:
9,763 kWh/year
Approximate Total Home Energy Usage:
11,835 kWh/year

Smart-E Loans Curran

“Applying for the loan was very easy; the application process was just a few pages; and the closing took no more than half an hour.”

– Curran family, installed solar PV

About The Project

Location: Waterbury, CT
Building Type: Split Ranch
Building Size: 2,600 sq ft
Year Built: 1979
Project: 26 Solar Panels
Total Project Cost: $35,000
CEFIA Financing: Smart-E Loan
Annual Energy Cost Savings: $1,353
Estimated Solar Panel Energy Production:
8,457 kWh/year
Approximate Total Home Energy Usage:
26,781 kWh/year

Smart-E Loans Kennedy

 “We are getting the most out of our money and it feels good to know that we are not over spending on energy.  We are excited about the improvements hold for our future.”


– Kennedy family, Conversion to Natural Gas, upgrade to a high efficiency boiler, asbestos remediation

About The Project

Location: Berlin, CT
Building Type: Dutch Colonial
Building Size: 3,698 sq ft
Year Built: 1800
Project: Conversion to Natural Gas, upgrade to a high efficiency boiler, asbestos remediation
Total Project Cost: $12,934.88
CEFIA Financing: Smart-E Loan
Estimated Annual Energy Cost Savings: $1,800

Smart-E Loans Watson

 “We were in the black from day one. As it turns out, the cost of the loan payment is less than what we’re saving in heating costs. Eventually, when the loan is paid off, it will be all profit."

– Jeff and Liliya Watson, switched to natural gas

About The Project

Location: Hamden, CT
Building Type: Ranch
Building Size: 1,589 sq ft
Year Built: 1956
Project: Conversion to Propane/ Natural Gas, upgrade to a high efficiency boiler
Total Project Cost: $11,750
CEFIA Financing: Smart-E Loan
Estimated Annual Energy Cost Savings: $1,200



 

Watch one or more of our Smart-E Videos below!

Click 'PLAY ALL' to watch the Smart-E Introduction and then explore the PLAYLIST to see other Smart-E videos.

Our Partners

Visit to CT Power Update page