Energy Conservation Loan

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Eligibility: 
Residential
Multifamily Residential
Savings Category: 
Solar - Passive
Solar Water Heat
Solar Space Heat
Solar Photovoltaics
Wind (All)
Biomass
Geothermal Heat Pumps
Water Heaters
Furnaces
Boilers
Heat Pumps
Air conditioners
Programmable Thermostats
Caulking/Weather-stripping
Duct/Air sealing
Windows
Siding
Roofs
Other EE
Wind (Small)
Program Info
Sector Name: 
State
Administrator: 
Connecticut Housing Investment Fund
Funding Source: 

Connecticut Department of Housing (DOH)

State: 
Connecticut
Program Type: 
Loan Program
Summary: 
Energy Conservation Loans are available through the Connecticut Housing Investment Fund, Inc. (CHIF) to owners of one- to four-family homes who meet established income limits for family size and location. Interest rates vary in accordance with the borrower's family size and income, and the loan may be repaid over 10 years. Single-family homes can receive a 0% interest rate if the family has below a 50% Median Income, or if the loan is for a furnace/boiler that is ENERGY STAR rated.

Loans for large residential properties are available through the Multi-Family Energy Conservation Loan Program. The terms of this loan are similar to loans for single-family dwellings, with a higher principal available on the loan.

Applications for these programs are available from the program web site above. In addition to the application, the borrower must submit copies of the past two years' federal tax returns (with schedules) and a copy of a monthly mortgage statement (or a release of mortgage or deed).