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Energize CT Heating Loan Program

Comfort. Quality. Reliability.

Overview

If you’re a residential customer of UI, CL&P, CNG, SCG or YG you could be eligible for zero-interest financing for a new energy-efficient heating system. To participate, you must own a single-family home or a multi-family home up to four units, including condos. Vacation homes also qualify.

Heating equipment to be installed must meet ENERGY STAR® or higher ratings for boilers, furnaces and electric heat pumps.

Financing Amounts and Term

  • Financing is available up to $15,000.
  • A minimum down payment of 10% of the cost of the replacement heating furnace or boiler equipment is required. The minimum down payment varies by type and efficiency of equipment selected.
  • 0.00% APR effective for applications received from October 1, 2014 to October 31, 2015, 2.99% APR for applications received thereafter.
  • Financing term between 3 to 10 years based on the time it takes for the replacement heating furnace or boiler equipment to pay for itself from energy savings, plus two years.
  • No fees to you or your contractor; no pre-payment penalty.
  • Unsecured, fixed-rate financing.
  • Payments are made along with your monthly electric bill payments. If the property is sold, the balance may be repaid or may be transferred to the new owner.

To Apply and For More Information:

Click Here to apply online now and for more details. Or call our lending partner, AFC First, at 1-855-803-3090. Funding for this program is provided by UI and CL&P customers.

Who is Eligible

If you’re a residential customer of UI, CL&P, CNG, SCG and YG you could be eligible.

  • You must have a CL&P or UI residential electric account at the address where the new equipment is to be installed.
  • You must be current with your electric bill payments for the last 6 months, having incurred no late fees.
  • Equipment to be installed must meet ENERGY STAR® or higher ratings for boilers, furnaces and electric heat pumps.

 

NMSIf, like us, you believe it’s important to “keep it local” and you want to be considered for credit approval at Duncklee, Inc. through our local lending partner, CorePlus Federal Credit Union, you must meet their criteria for membership, as below.

CorePlus has been providing sound financial lending for over seventy five years to their Members. They have built a strong dependable reputation for great rates, and great service in Eastern CT. As a local, community credit union, membership is open to anyone who lives, works, worships, or attends school in New London and Windham Counties and their immediate family members.

Loans are available from as low as $250, upwards to $20,000. Terms can vary from 3 months to 60 months. You may be required to furnish proof of income. And, as an added benefit, there is never a penalty for paying off the loan early!

Ask any Duncklee, Inc. staff member to help you get started with your application today!  If you have any questions, you can click here to contact us.

~Click Here for credit application~