Energy Conservation Incentives

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With the prospect of continuing increases in energy prices, both the Connecticut state government and the federal government have created incentives to encourage energy conservation.

 

CONNECTICUT INCENTIVES

SALES TAX EXEMPTION: HOME WEATHERIZATION PRODUCTS

Connecticut Legislative as of January 2016 has made changes to exemptions for some Home Weatherization Products, see the Department of Revenue Services for a current list:  http://www.ct.gov/drs/cwp/view.asp?a=1477&q=269920

ENERGY CONSERVATION LOANS
Connecticut offers the Energy Conservation Loan Program (ECL) and the Multifamily Energy Conservation Loan Program (MEL), which provide financing at below market rates to single family and multi-family residential property owners for the purchase and installation of cost-saving energy conservation improvements.  The ECL program is for homeowners with gross annual income at or below 110% of the State Median Income by geographic area and family size, and the MEL program is open to owners of residential properties with at least five dwelling units in the building. The loan programs are administered by Capital for Change, Inc. (C4C) with funding from the Connecticut Department of Housing,  More info.

CONNECTICUT GREEN BANK – Offers incentives and low-cost financing to encourage renewable energy and energy efficiency for homeowners, companies, municipalities, and other institutions, http://www.ctgreenbank.com/

 

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SOURCES: Connecticut Department of Revenue Services (DRS), Connecticut Housing Investment Fund (CHIF), Eversource: EnergizeCT

PREPARED BY: 211/kq
CONTENT LAST REVIEWED: December2017