STAMFORD, Conn. – Connecticut residents are taking advantage of Smart-E home energy loans that offer homeowners affordable and flexible financing for more energy-efficient homes.
Fairfield County residents have taken out Smart-E loans to convert oil to natural gas, in addition to converting to solar panels, predicted to cover about 98 percent of a home’s electric needs.
“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, 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,” Garcia added.
Smart-E loans are available in five-, seven-, 10- or 12-year terms. Maximum loan rates range from 4.99 percent to 6.99 percent, and the loan does not require a lien on the home.
Smart-E, an Energize Connecticut initiative, was created to help consumers use cleaner energy and save energy and money.
For more information about Smart-E home energy loans, click here .
Click here to sign up for Daily Voice's free daily emails and news alerts.