| Implementing Sector: | State |
| Category: | Financial Incentive |
| State: | Connecticut |
| Incentive Type: | Loan Program |
| Web Site: | http://ctgreenbank.com/programs/multifamily/navigator/ |
| Administrator: | CT Green Bank |
| Eligible Renewable/Other Technologies: | Solar Photovoltaics, Geothermal Heat Pumps |
| Eligible Efficiency Technologies: | Water Heaters, Furnaces, Boilers, Heat pumps, Air conditioners, Windows |
Connecticut Green Bank’s Navigator Pre-Development Energy Loan is a simple, unsecured pre-development loan that funds customized analysis and design of energy improvements for multifamily properties using owner-selected and managed technical service providers.
Eligibility
The program is open to multifamily housing properties with 5 units or more. Income eligible and market rate properties can participate (Private and non-profit owners, public housing authorities, senior/assisted living communities, condominium/co-op associations, etc.)
Program Description
The Navigator loan program allows property owners to select and manage their own service professionals. Owners cover 25% of pre-development costs; Connecticut Green Bank loans 75% of costs. Eligible costs include:
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A solar PV system is custom-designed for your home. Final solar system price may vary based on your location, monthly utility bill, government incentives and rebates, the condition of your home, and local installation prices. Solar PV system output and estimated savings are calculated based on several factors including product type, system production, geography, weather, shade, electricity use, full utilization of the 30% solar investment tax credit, and utility rate structures and rate increases. Savings on your total electricity costs are not guaranteed. Financing options and terms vary by location, and may not be available in all areas. Solar QC is neither the lender nor the project installer. Solar QC License# 1130591
