Smart-E Home Energy Loan Program
Elevate your home to a new level of energy efficiency, comfort, and value with the Smart-E Loan Program available through CT Green Bank's Energize Connecticut initiative. This flexible financing solution empowers you to achieve your energy-saving goals with extended-term, low-interest loans. Whether you're looking to install solar panels, upgrade insulation, revamp your lighting, or undertake any other energy-efficient project, gain purchasing power for energy efficiency with the Smart-E Loan.
Purchasing Power For Energy Efficiency
Loan Details
- Unsecured personal loan
- Terms: 5, 7, 10 and 12 year
- Finance Limits: $3,000 - $25,000
- No membership or application fees
Available for:
- Primary residences located in the state of Connecticut
- Owner-occupied residences
- 1-4 unit housing
- Condominiums (only eligible if they are individually metered)
CT Green Bank often offers special programs with lower rates for qualified projects. All rates are subject to change. Current rates and special programs can be found at the CT Green Bank’s Energize CT website.
Smart-E Loan Highlights
No hidden fees: There are no membership or application fees associated with Smart-E Loans.
Flexible repayment terms: Choose from flexible loan repayment terms as low as 5 up to 12 years to fit your budget and needs.
Low interest rates: With competitive interest rates, save money on your monthly payments, while you save energy with your energy-efficient upgrades.
Wide range of eligible projects: Finance a variety of home energy improvements including energy-efficient appliances, heating and cooling systems, windows and doors, as well as renewable energy systems.
Eligibility
Thomaston Savings Bank offers Smart-E Loans to residents of Litchfield, New Haven, and Hartford counties. You can finance any measure that either makes your home more energy efficient or generates renewable energy, based on these guidelines:
- 80% of the total cost of your improvements must be directly related to energy savings such as weatherization, equipment replacement, natural gas conversion, solar PV and hot water systems, and electric vehicle recharging. Review this comprehensive list of energy improvement measures.
- 25% of the total cost of your improvements can go to energy and health-related measures that are not on the eligible measure list, such as healthy home improvements (e.g. asbestos or lead remediation), roof repair, or new ENERGY STAR appliances.
Eligibility Requirements
- Primary residence is located in the state of Connecticut
- Owner-occupied
- 1-4 unit
- Condominiums are eligible only if they are individually metered
Locate eligible contractors, by technology, in your area.
Benefits of Energy Improvements
Smart-E Loan empowers homeowners to make smart energy investments that enhance their homes' efficiency, comfort, and value.
Reduce Expenses, Boost Comfort
Smart-E Loan helps you achieve significant utility bill savings and create a more comfortable living space.
Optimize Home Performance, Extend Equipment Life
Improve your home's energy-saving potential and prolong the life of your heating and fuel equipment.
Sound Investment for Long-Term Benefits
Energy improvements provide a solid return on investment, increasing your home's value and generating long-term savings.
Current Smart-E Home Energy Fixed Loan Rates
Annual Percentage Yield Effective Date: 12/13/2023
- Minimum loan amount is $3,000
- Maximum loan amount is $25,000
- No membership fees
- No application fees
1The annual percentage rates (APR) shown are subject to change without notice. Please note that the interest rates shown here are available to borrowers with a satisfactory credit history.
How To Apply
Step 1
Apply Online In No Time1
Step 2
Upload Supporting Documentation2
Step 3
Sign Your Loan Documents3
Step 4
Receive Your Funds4
1 Application Details
Applying online is easy! You will need to provide the following information when applying:
- Social security number
- Basic contact information
- Current physical address
- Personal identification
- Financial Information, including income
2 Supporting Documentation
| Employment Status | Required Documentation |
|---|---|
| Employed | Two most recent pay statements |
| Self-Employed | Most recent tax return |
| Retired | SSA award letter, pension statement, 1099-R |
| Other | Disability benefits, supplemental social security benefits, alimony, child support |
You will be prompted to upload a contract or work order; this must utilize an approved CT Green Bank contractor. Required income documentation is dependent on your employment status.
3 Document Signing
Electronically sign your documents and verify all of your information is correct to complete your application.
4 Receiving Your Funds
The funds will be disbursed in two installments, in-person/in-branch, with official checks for funds made payable to the borrower and the contractor.
Take the Next Step
Get in Touch
Questions about our Smart-E Loan? Fill out the form below to connect with us.