Energize Connecticut offers Small Business Energy Advantage program that provides low interest financing for small commercial and industrial customers to make energy improvement. The program offers combination of rebates and loans.
Small business customers of Eversource and United Illuminating Company (UI) with an average 12-month peak demand between 10 kilowatts (kW) and 200 kW are eligible to participate. Natural gas customers of CNG, SGC, or Eversource can also participate for natural gas energy efficiency measures. Examples of small business, but not limited to include restaurants, car washes, churches/meeting centers, retail stores, offices, and others.
In order to participate the applicant can contact one of the program authorized contractors listed in their utilities website, or call 877-WISE-USE. After the utility determines that you qualify for the program, the authorized contractor will perform energy assessment of the facility at no-cost to the participant. A utility contractor will submit a proposal of possible energy-efficiency measures, estimated energy savings, customer incentives, and financing options. Once approved by Eversource or UI the contractor will complete installation. In addition to the rebate, the remaining cost of the project can be paid off in the form of a zero interest loan directly from the utility. The loan is provided interest free and can be repaid through monthly electric bill.
|Incentive Type:||Loan Program|
|Administrator:||UI and CL&P|
|Eligible Renewable/Other Technologies:||
|Maximum Loan:||$500 - $100,000|
Repayment: up to 48 months
Must have an average 12-month peak demand between 10 kW and 200 kW
|Interest Rate:||Rate: 0%|
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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