Businesses that are interested in financing their energy improvement projects can access a number of resources, as listed below:
A low interest loan program is available for customer-side distributed resource projects of 50 kW or greater. The interest rate will be 1% lower than the customer's applicable rate or no more than the prime rate. This program is sponsored by the Connecticut Public Utilities Regulatory Authority (PURA) under the Act for Energy Independence (AEI) legislation. For more information, contact:PURA - Maureen Hoffman - 860-827-2811
Bank of America - Lisa Douma - 201-493-2477
Bank of America - Lisa Douma - 201-493-2477
The Connecticut Energy Efficiency Fund's Small Business Energy Advantage program offers a zero percent loan option for qualifying customers. The loans are used to offset the cost of installing energy efficiency measures under this program's guidelines.
Click on your utility company below for more information.
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A performance contract is an agreement with an energy service company (ESCO) to provide assessment, financing and completion of long term energy intensive capital improvement projects. This mechanism is generally used for capital projects which exceed $1 million but some smaller projects may be considered. This financing mechanism is particularly applicable to public projects, hospitals, educational institutions and non-profits organizations.
If you are interested in locating an Energy Service Company and would like their contact information, contact the National Association of Energy Service Companies.