Energy Conservation Loans for single families 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. These loans may be used for a variety of energy conservation improvements. Interest rates vary in accordance with the borrower's family size and income, and the loan may be repaid over 10 years.  
 
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 coupon (or a release of mortgage or deed).  


Who You Should Contact
Lisa Ruggeri
Connecticut Housing Investment Fund
121 Tremont Street
Hartford, CT 06105
Phone: (860) 233-5165 Ext.2019
Fax: (860) 920-2038
E-Mail: lisa@chif.org
Web Site: http://www.chif.org
 

Long-term financing is available to retail end-use customers for the installation of customer-side distributed resources. Customer-side distributed resources are defined by Conn. Gen. Stat. § 16-1 as "(A) the generation of electricity from a unit with a rating of not more than sixty-five megawatts on the premises of a retail end user within the transmission and distribution system including, but not limited to, fuel cells, photovoltaic systems or small wind turbines, or (B) a reduction in the demand for electricity on the premises of a retail end user in the distribution system through methods of conservation and load management, including, but not limited to, peak reduction systems and demand response systems." This program, administered by Banc of America Leasing & Capital for the Connecticut Department of Public Utility Control (DPUC), took effect in March 2006.  
 
The maximum total amount of financing for projects under this program is $150 million. Capital costs and project-development costs are eligible. Interest rates are fixed and will be determined at the time the application is approved by Banc of America. Loans will be collateralized by way of equipment, or other collateral or credit enhancements required by Banc of America.  
 
The following conditions apply
Financing is available for customer-side projects with a minimum capacity of 50 kilowatts (kW) and a maximum capacity of 65 megawatts (MW).  
The generator must have begun operation after January 1, 2006.  
New or incremental capacity is eligible for financing. Existing capacity is not eligible.  
Financing is available to the owner or owners of a qualified project.  
Financing is available to customers of Connecticut Light and Power (CL&P) and United Illuminating (UI) for projects located in these utilities' service territories.  
Financing is not available for emergency generation for hospitals, nursing homes or other facilities to the extent they are required to have emergency generation under state and federal law.  
Gas air conditioning and gas chillers are not eligible for financing.  
Financing is available for projects funded by the Connecticut Clean Energy Fund (CCEF), and CL&P’s and UI’s energy-conservation programs.
To apply for financing, contact Lisa Douma of Bank of America Leasing & Capital at (201) 345-2860.
 
Who You Should Contact
Maureen Hoffman
Connecticut Department of Public Utility Control
10 Franklin Square
New Britain, CT 06051
Phone: (860) 827-2811
Fax: (860) 827-2613
E-Mail: maureen.hoffman@po.state.ct.us
Web Site: http://www.state.ct.us/dpuc