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Energize CT Heating Loan Program

Comfort. Quality. Reliability.


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~




What is the Energize CT Heat Loan Program?

If you submitted an application on or before 2/28/17 to Renew Financial for an energizeCT Heat loan, or if you have questions/payoffs, etc. regarding loans made by Renew Financial, please contact Renew Financial directly at (855) 803-3090 or go their website at www.ctenergyloan.com for more information. Renew Financial will process and close all applications it received on or before 2/28/17.

2.99% APR and up to $15,000 Financing for new Energy Efficiency Heating Systems

If you are a residential customer of Eversource or The United Illuminating Company (UI), you may be eligible for a low-interest loan to purchase and install an energy efficient heating system.

  • Loan installment payments will be billed conveniently on your monthly electric bill
  • Loan amount of up to $15,000
  • 2.99% APR financing For Residential Heating Equipment Upgrades or Conversions for the life of the loan
  • Low monthly payments on loan terms from 3 to 10 years which will result in a monthly payment equal to or less than your projected monthly energy savings
  • Up to 90% of the heating system equipment and installation may be financed depending on projected energy savings – the greater the savings, the lower the down payment

What Improvements Qualify?
Your monthly payment and down payment required will be based on the projected energy savings of the proposed heating system. Your annual energy savings will be calculated in accordance with the Connecticut Program Savings Document (CPSD) 9th Edition for 2014 Program Year dated 11/08/2013 for the list of qualified measures below.

ENERGY STAR® Rated and other Qualifying Improvements
Meets or exceeds specifications listed below as verified by

1)energystar.gov 2) AHRI certificate or 3)Manufacturer product specification documentation

  • Oil Boilers
    • AFUE ≥ 87.00%
  • Oil Furnaces
    • AFUE ≥ 85.00%
  • Natural Gas or Propane Boiler
    • AFUE ≥ 90.00%
  • Natural Gas or Propane Furnace
    • AFUE ≥ 95.00%
  • Natural Gas Steam Boiler
    • AFUE ≥ 82.00%
  • Air Source Heat Pumps
    • SEER ≥ 15.00, EER ≥ 12.50, HSPF ≥ 8.50 for Split Systems
    • SEER ≥ 15.00, EER ≥ 12.00, HSPF ≥ 8.20 for Packaged Systems
  • Geothermal Heat Pumps
    • Closed Loop Water to Air EER ≥ 17.1, COP ≥ 3.6
    • Closed Loop Water to Water EER ≥ 16.1, COP ≥ 3.1
    • Direct Expansion Refrigerant EER ≥ 16, COP ≥ 3.6
  • AHRI Rated Ductless Heating and Cooling System of Matched Assembly*
    • SEER ≥ 14.5, EER ≥ 12, HSPF ≥ 8.2
  • AHRI Rated Ductless Cooling System of Matched Assembly
    • SEER ≥ 14.5, HSPF ≥ 8.2
  • Propane Tanks (purchase only)

*Multi-zone indoor unit ductless systems with only 1 outdoor condenser unit are not subject to the 12 EER requirement.

Who is Eligible?

  • Applicant must own the property
  • Residential rate customers of participating utilities
  • Applicant must have their electric account with Eversource or United Illuminating
  • The primary borrower must be the property owner AND be listed on the electric account.
  • Applicants must be current on their electric utility bill and have had either
    • no late payment charges for the most recent six (6) consecutive months or
    • no more than two (2) late payment charges for the last twelve (12) consecutive months
  • There are no other credit qualifications required, we will not be inquiring about your credit score



How to Apply

1Get an Estimate



2Fast Approval
Mobile-friendly, web-based tools allow your contractor to instantly quote your monthly payment and down payment based on projected energy savings of the proposed heating system. Fast and easy approval based on program guidelines and verification of electric utility bill payment history. You may apply online or by phone.


3Installation and Payment to Contractor
Your contractor sends us a copy of their estimate/proposal and Contractor Submission Sheet identifying final price and qualifying improvements. We provide you with a few simple documents to sign. We pay the contractor upon receipt of a signed Completion Certificate and verbal confirmation from you, the customer, that the work has been done to your satisfaction.