ROCKY HILL, Conn.--(BUSINESS WIRE)--
The time is right to consider a Smart-E home energy loan. These
attractive loans offer consumers easy, affordable, and flexible
financing resulting in more energy-efficient homes. A new limited-time
offer makes participation in this program even more affordable.
For the first time, CEFIA is offering a bundle promotion including
discounted interest rates. It is available to residents who complete
more than one of a selection of energy efficiency and clean energy
improvements, such as converting from oil to natural gas and adding
insulation or installing a Solar PV system. These discounted interest
rates range from 2.75 percent to 2.99 percent. Lenders include: Coreplus
Federal Credit Union, Eastern Savings Bank (online application https://www.eastern-savings.com/energyloans),
Quinnipiac Bank & Trust Company, Thomaston Savings Bank, and Union
Smart-E loans are available in five-, seven-, 10- or 12-year terms. For
Connecticut homeowners who do not plan on taking advantage of the bundle
promotion, maximum loan rates range from 4.99 percent to 6.99 percent.
Qualifying Connecticut residents do not require home equity, and the
loan does not require a lien on the home. There is no down payment
necessary and no pre-payment penalty.
“Smart-E loans provide homeowners with an opportunity to finance more
than 40 energy improvements that can result in
positive-cash-flow-savings in the first month,” said Bryan Garcia,
president and CEO of the Clean Energy Finance and Investment Authority
(CEFIA—“CT Green Bank”), which manages Smart-E. “Approximately 150
Connecticut residents already have taken advantage of Smart-E loan
options over the past year, and more and more homeowners are seeking
Smart-E loans to upgrade their homes.”
Smart-E, an Energize Connecticut initiative, http://www.EnergizeCT.com/SmartE,
is designed to help consumers not only use cleaner energy, but also save
energy and money, which is particularly attractive as Connecticut
residents pay some of the highest home energy prices in the nation.
CEFIA was established by Connecticut’s General Assembly on July 1, 2011
as a part of Public Act 11-80. This new quasi-public agency supersedes
the former Connecticut Clean Energy Fund. CEFIA supports Connecticut’s
energy security and community prosperity by realizing its environmental
and economic opportunities through clean energy finance and investments.
As the nation’s first state Green Bank, CEFIA leverages public and
private funds to drive investment and scale up clean energy deployment
in Connecticut. For more information about CEFIA, please visit: www.ctcleanenergy.com.
Energize Connecticut helps you save money and use clean energy. It is an
initiative of the Clean Energy Finance and Investment Authority (CEFIA),
the Energy Efficiency Fund, the State of Connecticut, and local electric
and gas utilities, with funding from a charge on customer energy
bills. Information on energy programs can be found at: www.EnergizeCT.com.
Deborah Burns, 203.257.3163