What is a Smart-E Loan?
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.
| Loan Term | 5 years | 7 years | 10 years | 12 years |
|---|---|---|---|---|
| APR* | 4.49% | 4.99% | 5.99% | 6.99% |
For a limited time, special offers are available for qualifying projects at 0.99% 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?
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.
Eligible Upgrades
| Home Performance / Efficiency | Heating and Cooling | Water Heating | Renewables |
|---|---|---|---|
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 Other (Cannot exceed 25% of the total loan amount) ENERGY STAR appliances Asbestos/Mold remediation Roof repair for solar Tree removal for solar |
How Do I Get Started with a Smart-E Loan?
- 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. - 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. - Get pre-approved by a participating lender.
Apply directly with your selected lender before your contractor begins the project. - 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!
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Success Stories
Learn how homeowners across Connecticut are improving their homes and lowering energy costs with Smart-E.
“What we’ve seen since we’ve converted is stability. The house is so much more comfortable now.”
About The ProjectLocation: Norwich, CT |
“Smart-E helps get you where you want to be, and where you want to be is self-sufficient with solar energy." About The ProjectLocation: Pomfret, CT |
“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.” About The ProjectLocation: Waterbury, CT |
“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.”
About The ProjectLocation: Berlin, CT |
“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." About The ProjectLocation: Hamden, CT |
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.
0.99% Special Offers Available
Get Started Now
SAVE MORE WITH SPECIAL 0.99% FINANCING WITH A SMART-E BUNDLE!
Don’t miss out on these low rates! Get started today!
Questions regarding the Smart-E Loan Program, please email smarte@ctgreenbank.com or call 877-WISE-USE (877-947-3873).
