Connecticut Green Bank’s Navigator Pre-Development Energy Loan is a simple, unsecured pre-development loan that funds customized analysis and design of energy improvements for multifamily properties using owner-selected and managed technical service providers.
The program is open to multifamily housing properties with 5 units or more. Income eligible and market rate properties can participate (Private and non-profit owners, public housing authorities, senior/assisted living communities, condominium/co-op associations, etc.)
The Navigator loan program allows property owners to select and manage their own service professionals. Owners cover 25% of pre-development costs; Connecticut Green Bank loans 75% of costs. Eligible costs include:
|Incentive Type:||Loan Program|
|Administrator:||CT Green Bank|
|Eligible Renewable/Other Technologies:||Solar Photovoltaics,Geothermal Heat Pumps,Water Heaters,Furnaces,Boilers,Heat pumps,Air conditioners,Windows|
|Loan Term:||Loan must be repaid 24 months from closing or upon financing and installation of the energy improvements, whichever is sooner.|
0% for qualified affordable properties (60% or more of the housing units serve residents with income up to 80% of Area Median Income);
2.99% for market-rate properties
|Name:||Connecticut Green Bank|
845 Brook Street
Rocky Hill CT 06067
This information is sourced from DSIRE; the most comprehensive source of information on incentives and policies that support renewables and energy efficiency in the United States. Established in 1995, DSIRE is operated by the N.C. Clean Energy Technology Center at N.C. State University.
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