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Incentives/Policies for Renewables & Efficiency

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Energy Efficiency Fund (Electric and Gas) - Residential Energy Efficiency Financing   

Last DSIRE Review: 12/15/2014
Program Overview:
State: Connecticut
Incentive Type: State Loan Program
Eligible Efficiency Technologies: Water Heaters, Furnaces , Boilers, Heat pumps, Central Air conditioners, Caulking/Weather-stripping, Duct/Air sealing, Windows, Siding, Roofs, Motor VFDs, Custom/Others pending approval, Tankless Water Heaters, Heat Pump Water Heaters
Eligible Renewable/Other Technologies: Geothermal Heat Pumps
Applicable Sectors: Residential
Amount:$1,000 - $25,000
Maximum Incentive:$20,000
Terms:0% - 6.99%
Unsecured, simple interest, up to ten years.
Funding Source:Energy Efficiency Fund
Web Site:
Connecticut homeowners and customers of Connecticut Light and Power Company (CL&P) and United Illuminating Company (UI) may apply for financing for eligible energy efficiency upgrades through the Home Energy Solutions Program. Eligible homes include single- and two-family homes and condos as well as vacation (second) homes. The Connecticut Housing Investment Fund, Inc. (CHIF) administers the program.  There are four major steps to the program:

1. Complete the Home Energy Solutions Energy Assessment using qualified and approved contractors (this costs $75 and is done through the utility, see the Home Energy Solutions DSIRE Entry for more information). The assessment will provide a list of recommended energy efficiency upgrades along with a cost estimate. Information about rebates will also be provided at this time.

2. Apply for Financing to cover the costs of installing the energy efficiency upgrades after rebates are applied. Up to 100% of the costs are covered at either 2.99% or 4.99% rates, depending on the amount of financing required and/or upgrades. Special interest free rates may also be available. All applicants are subject to credit approval.

3. Contractor Completes Work and Receives Payment from the Program - The homeowner assumes the loan and CHIF pays the contractor directly for the energy efficiency upgrades. There is no closing cost on the loan and energy savings should help offset the loan payments.
4. Begin Repayment of Loan - The homeowner starts paying the loan 30 days after the work is complete.  Customers of CL&P have the option of paying monthly via utility bills or CHIF, and customers of UI pay directly via utility bills.

Oil or propane heated homes may not be eligible for the same low financing terms. Connecticut residents with oil or propane heated homes should contact the program directly at 1-800-992-3665 to inquire about rates, terms, and general eligibility.
This program started in June 2010 under the administration of AFC First Financial Corp. During the first year of the program, over 1,400 loans were approved, valued at approximately $15 million. In June 2011, CHIF began administering the program and added the on-bill financing option for customers of CL&P and on-bill financing requirement for UI customers.


  Information - CHIF Residential Financing
Connecticut Housing Investment Fund
121 Tremont Street
Hartford, CT 06106
Phone: (860) 233-5165
Phone 2: (800) 992-3665
Fax: (860) 233-3920
Web Site:
NCSU - home
Disclaimer: The information presented on the DSIRE web site provides an unofficial overview of financial incentives and other policies. It does not constitute professional tax advice or other professional financial guidance, and it should not be used as the only source of information when making purchasing decisions, investment decisions or tax decisions, or when executing other binding agreements. Please refer to the individual contact provided below each summary to verify that a specific financial incentive or other policy applies to your project.

While the DSIRE staff strives to provide the best information possible, the DSIRE staff, the N.C. Solar Center, N.C. State University and the Interstate Renewable Energy Council, Inc. make no representations or warranties, either express or implied, concerning the accuracy, completeness, reliability or suitability of the information. The DSIRE staff, the N.C. Solar Center, N.C. State University and the Interstate Renewable Energy Council, Inc. disclaim all liability of any kind arising out of your use or misuse of the information contained or referenced on DSIRE Web pages.

Copyright 2014 - 2015 North Carolina State University, under NREL Subcontract No. XEU-0-99515-01. Permission granted only for personal or educational use, or for use by or on behalf of the U.S. government. North Carolina State University prohibits the unauthorized display, reproduction, sale, and/or distribution of all or portions of the content of the Database of State Incentives for Renewables and Efficiency (DSIRE) without prior, written consent.