Loans and Financing
This financing option helps businesses afford high-efficiency HVAC systems, refrigeration, and lighting upgrades with flexible, on-bill repayment options.
What is Small Business Energy Advantage (SBEA) financing?
Under Connecticut’s comprehensive energy incentives, projects that install three or more systems qualify for up to this percentage of their installed cost in incentives.
What is 65%?
Qualifying microbusinesses can receive up to this amount in incentives for energy efficiency improvements.
What is $16,000?
Small businesses with an energy usage up to 3,000,000 kWh annually should apply for this program to receive incentives and on-bill financing for efficiency upgrades.
What is the Small Business Energy Advantage (SBEA) Program
To secure a project reservation in the Eversource EV Charging Incentive Program, customers must sign and return this document within 30 days.
What is the Letter of Agreement (LOA)?
SBEA loans can extend to these terms.
What is 60 Months?
The Tier 1 Comprehensive incentive offers $0.50 per annual kWh saved and $5.00 per annual CCF of natural gas saved, capped at this percentage of total project cost.
What is 50%?
Microbusinesses can receive up to 80% of their project costs covered by incentives, with the remaining 20% financed at this interest rate.
What is 0% interest?
This program allows businesses to access 0% interest, on-bill repayment financing for efficiency upgrades such as LED lighting, refrigeration, and HVAC systems.
What is the Small Business Energy Advantage (SBEA) On-Bill Financing Program?
In Eversource’s EV Charging Incentive Program, any changes to an approved project scope must be documented in this type of signed document.
What is a written change order?
This financing option is available to Connecticut hospitals and healthcare entities with Eversource Electric to support energy efficiency and sustainability projects.
What is the Connecticut Hospital Association Trust Loan Program? (CHAT)
Businesses and properties located in these designated areas are eligible for enhanced incentives, including an additional $0.10 per kWh saved or a 10% increase to cost caps, with a maximum bonus of $50,000 per project.
What are Connecticut's Distressed Municipalities?
Microbusinesses served by Eversource must have a total electric usage under this many kWh per year to qualify for incentives.
What is 100,000 kWh?
This program helps new commercial construction projects achieve energy efficiency goals through incentives for lighting, HVAC, and whole-building designs.
What is the Energy Conscious Blueprint Program?
The maximum rebate amount Eversource offers for a Level 2 EV charging station installation at a Connecticut business is this amount.
What is $40,000?
This financing program allows commercial property owners to repay energy efficiency and renewable energy upgrades through a benefit assessment on their property tax bill.
What is Commercial Property Assessed Clean Energy (C-PACE)?
To ensure balanced energy savings, no single system in a comprehensive project can contribute more than this percentage of total energy savings.
Microbusinesses served by United Illuminating (UI) must have a peak electric demand under this amount to qualify for incentives.
What is 25kW?
This program is best suited for a private entity with energy usage over 3,000,000 kWh annually that is looking for incentives on lighting, HVAC, and building envelope upgrades.
What is the Energy Opportunities Program?
Eversource's EV charging rebates are part of a statewide program administered by Connecticut's regulated electric companies and overseen by this authority.
What is the Public Utilities Regulatory Authority (PURA)?
This financing option allows Connecticut commercial and industrial customers to implement energy-saving measures with low-interest loans.
What is the National Energy Improvement Fund (NEIF) loan program?
Compressed air upgrades are divided into three separate systems: Equipment, Distribution System, and this energy recovery measure.
What is Heat Recovery off a Compressor?
This type of contractor must complete the energy efficiency projects for microbusinesses to qualify for incentives.
What is an SBEA contractor?
To be eligible for heat pump rebates in Connecticut, customers must select a contractor from this network.
What is the Energize CT Heat Pump Installer Network (HPIN)?
Eversource now requires all customers to use this online portal to track their EV charging projects and submit required documents.
What is PowerClerk?