Skip to main content

We use cookies to improve your experience. We'll assume you're OK with this, but you can opt-out if you wish. Read more >>

Smart-E Loans

  • Appliances & Electronics
  • Financing
  • Gas Water Heating
  • Heating & Cooling
  • Hot Water
  • Insulation
  • Lighting
  • Renewable Energy

Now you can enjoy a whole home of energy efficiency. Upgrade your home’s efficiency & energy performance with a no money down Smart-E loan with flexible terms. Realize more savings and comfort when bundling multiple home energy improvements. The more you do, the more you save.

Additional Details

The Connecticut 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.

  • Unsecured personal loan (no lien is placed on the property)
  • Fixed monthly payments
  • No pre-payment penalty

Great low-rates are available. See all rate information here.

Property requirements:

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

From home performance and efficiency, to heating and cooling, to water heating and renewables, there are more than 40 eligible home energy upgrades that quality for Smart-E loans. Click here for a complete list of eligible improvements and efficiency criteria.

  1. Find a Contractor to discuss your energy improvements.
    If your contractor is not on the approved list, they should contact 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. 
  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.

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
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
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
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
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
Estimated Annual Energy Cost Savings: $1,200





Commercial Multifamily Properties

  • Appliances & Electronics
  • Energy Assessment (Audit)
  • Heating & Cooling
  • Hot Water
  • Insulation
  • Lighting
  • Rebates

Reduce energy and operating costs and make the multifamily property you own or manage more comfortable and environmentally friendly with the Multifamily Initiative.

Additional Details

This program provides customized solutions for multifamily buildings or complexes with five or more units, and includes:

  • Assistance with energy efficiency upgrade projects already planned
  • An assessment of your building's energy-saving opportunities
  • Resources to support in-depth assessment of a full range of strategies for further improvements including solar and other renewable energy, as well as health and safety measures
  • Incentives and financing for energy efficiency upgrades

Provide your contact information and any project information with this application. For energy efficiency projects, submit it to your electric utility company. For renewable energy and/or financing  projects only, submit your application to the Green Bank. If your application is for both energy efficiency and renewable energy or financing, submit it to both your electric utility and the Green Bank.

Eversource     UI     Connecticut Green Bank

At this point, if you already have an energy efficiency or renewable energy project, additionally submit any project proposal(s) and a completed Project Form to your electric utility company (for energy efficiency projects) and to the Connecticut Green Bank (for projects including renewable energy and/or financing). After we’ve helped you address this proposal, if you’d like to evaluate your property in a more holistic way, follow the steps below.

Need help designing your project?

Once you’ve completed Step 1 above, a utility or Green Bank representative (as appropriate) will contact you. A professional consultant or in-house representative is available to visit your property to identify the cost-effective energy improvement opportunities that make the most sense for your property. Technical and financial assistance is available through the Multifamily Initiative for a wide variety of design and predevelopment tasks, including: 

Potential Measures Assessed Technical & Financial Assistance Available
  • Air sealing
  • Domestic hot water saving measures
  • Energy-efficient lighting
  • Insulation
  • Windows
  • High-efficiency heating, ventilation or air conditioning
  • ENERGY STAR® appliances
  • High-efficiency water heating systems
  • Energy saving control strategies on building equipment
  • Solar PV and other renewable energy systems
  • Energy benchmarking
  • Green design and charrettes
  • Assessment of capital improvements 
    (including green physical needs assessments (PNAs))
  • Assessments of energy-related health and safety issues
  • Designing, engineering, and bidding work
  • Predevelopment loans
  • Financial packaging

Using the recommendations from the energy assessment and any technical assistance you select, design and price a comprehensive project that will maximize your energy savings, as well as the incentives and financing you will receive.

If your project qualifies based on your submitted proposals, plans, specifications, and pricing, you will receive a commitment of incentive dollars and, if requested, an offer for financing the balance of the project cost. You can also provide your own financing or explore one of these sources. After construction and required inspections are complete, incentives are paid.

It is recommended that owners track utility use and verify that equipment is working properly during the warranty period and beyond.

Existing properties of five or more residential units may be eligible for the Multifamily Initiative. 

The following types of properties are eligible:

  • Apartment buildings and complexes
  • Condominiums and co-operatives
  • Congregate and senior housing
  • Mixed-use residential and commercial properties

Questions? Contact your utility or the Connecticut Green Bank using a link below:

Eversource     UI     Connecticut Green Bank

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. The Connecticut Green Bank provides renewable energy programs and financing to all Connecticut municipalities


Subscribe to Appliances & Electronics