To stimulate the construction of generating capacity or projects that reduce load, the Connecticut Public Utilities Regulatory Authority (PURA) offers monetary grants and other financial incentives to assist commercial and industrial customers with the cost of installing customer-owned electric generating equipment. Incentives are also available for energy-efficiency and load-management projects that reduce system demand. Collectively, these installations are commonly referred to as "distributed resource" projects.
Low-interest loans are available for customer-side distributed resource projects of 50 kW or greater. The interest rate will be one percent below the customer's applicable rate or no more than the prime rate. Contact the following sources for information about low-interest loans for distributed-resource projects:
Bank of America
This program helps Connecticut hospitals finance major energy-efficiency projects. For more information on the CHA Conservation Loan Program, please call Bob Sandler at (203) 294-7312.