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Small C&I Loans

Interest-Free Loans for Industrial and Commercial Customers

This program is one of several innovative solutions offered by the Connecticut Energy Efficiency Fund and administered by CL&P.

Financing Opportunity for Electric Energy-Efficiency Projects

With support from the Connecticut Energy Efficiency Fund, incentives are available to help reduce the cost of installing energy-efficient equipment; however, they do not cover the entire cost. For qualifying industrial and commercial accounts, the project costs not covered by the incentives can be financed through the Small Industrial and Commercial Loan program.

Who’s Eligible?

  • CL&P small industrial manufacturing and commercial customers in business for a minimum of three years in good credit standing.
  • Industrial customers must have 100 employees or fewer (combined for all customer locations in CL&P territory). They must also have an average demand over 200 kilowatts (kW) over the past 12 months. The customer must fall within the Standard Industrial Classification (SIC) Code 2000-3999.
  • Commercial customers must have an average demand between 200 and 350 kilowatts (kW) over the past 12 months. The customer must fall within the SIC Code 4000-9000.
  • Loans are not available for customers or projects that qualify for CL&P’s Energy Conscious Blueprint or Small Business Energy Advantage programs.

How Does the Loan Program Work?

  • This is an interest-free loan offered to CL&P customers who are small industrial manufacturers or commercial customers who implement energy-saving measures through a qualifying CL&P incentive program funded by the Connecticut Energy Efficiency Fund.
  • The loan must be used for the upgrading or replacement of existing electrical equipment with high-efficiency electrical equipment.
  • $5,000 minimum loan to $100,000 maximum loan.
  • Financing for the Small Industrial & Commercial loan has a maximum loan term of 60 months.

For more information call 1-877-WISE-USE (1-877-947-3873).