Financing Business Energy Efficiency

Loans make it easier for small businesses and municipalities to invest in energy-efficient improvements. Repayment terms up to four years and an on-bill payment option make it even easier!

Small Business and Municipal Loans

Take advantage of interest-free loans to help pay for qualifying electric and natural gas energy-saving measures.

They’re available to commercial or industrial businesses participating in the Small Business Energy Advantage (SBEA) program and municipalities participating in a retrofit program. Loans ranging from $500 to $100,000 are available through the Connecticut Energy Efficiency Fund to help upgrade or replace existing electric and gas equipment with qualifying high-efficiency equipment.

With repayment terms up to 48 months and a convenient on-bill payment option, these loans make it easy to make the smart choice to save energy.  

How it Works

Steps to Take Smart Energy Action

Step 1 -

Contact your authorized contractor, your UI account executive or call 877 WISE USE (877.947.3873) to find out about available funds.

This is an interest-free loan offered to customers who implement qualifying energy-saving measures through our incentive program.

The loan must be used to upgrade or replace existing electric or natural gas equipment with high-efficiency equipment.

The loan limits range from a minimum of $500 to a maximum of $100,000.

Financing for the Small Business & Municipal Loan program has a maximum loan term of up to 48 months. (Please consult appropriate Small Business Administrator.)

Step 2 -

Submit an application.

Step 3 -

Once your qualifying energy-saving measures have been installed and inspected, the financed amount will appear on your monthly electric bill, allowing you to make just one monthly payment for both your loan and your electric bill.

 

Low-Interest Loans for Commercial & Industrial Customers

Make energy savings pay off with low-interest financing for qualified energy-efficient improvements. Coupled with incentives, it can make your project a reality so you can start saving sooner.

Loans Make it Easier to make the Smart Choice to Save Energy

If your commercial or industrial business isn’t eligible for our interest-free Small Business and Municipal Loan program, invest in energy-saving equipment with help from a low-interest loan.

Loans ranging from $2,000 to $1 million are available through the Connecticut Energy Efficiency Fund to help upgrade or replace existing electrical or gas equipment with qualifying high-efficiency electrical or gas equipment. Subsidized low-interest financing is offered on the first $100,000 of the loan. The balance can be financed at market rates. With repayment terms to 60 months, these loans make it easier to make the smart choice to save energy.

How It Works

Steps to Take Smart Energy Action

Step 1 -

Contact your UI account executive or 877 WISE USE (877.947.3873) to find out about available funds.

This is a low-interest loan offered to commercial and industrial customers that implement energy-saving measures through a qualifying Connecticut Energy Efficiency Fund program:

  • The loan must be used to upgrade or replace existing equipment with high-efficiency equipment
  • The loan limits range from a minimum of $2,000 to a maximum of $1 million, with subsidized low-interest financing offered on the first $100,000 of the loan. Call your utility program administrator for current interest rates. The balance can be financed at market rates provided by two approved lenders
  • Financing for the Small Industrial & Commercial Loan has a maximum loan term of 60 months

Step 2 -

Call your UI account executive or 877 WISE USE (877.947.3873) to be connected with approved lenders.

Step 3 -

Once your loan is approved, you can install the qualifying energy-saving measures.

 

Call 877 WISE USE (877.947.3873) for more information.