Smart-E Loan

Smart-E Loans offer no money down, low-interest financing with flexible terms to help make home energy improvements even more affordable. Almost any home improvement project that reduces energy use and lowers costs may qualify. The easy to use online platform, NGEN,  and application process makes Smart-E popular with lenders, contractors, and homeowners.

Program benefits

> Easy customer application through local lenders
> Unsecured personal loan below market rate
> No application fee or pre-payment penalty
> No down payment required
> Working capital built in for contractors

Program sponsor benefits

> Leverage the years of experience Connecticut and Michigan have in running these programs
> Creates local jobs via contractors
> Tool for implementing energy policy
> High private capital leverage ratio
> Address low-to-moderate income and credit-challenged homeowners alongside mainstream homeowners
> Ensure a strong consumer protection orientation with a not-for-profit, mission-driven platform partner

Great for lenders:

> Access to a new high-potential market and high-quality customers
> Sophisticated credit enhancement
> Significant value to customers

Learn more about the online workflow management platform NGEN here.

Loan Qualifications

> 1-4 unit, owner-occupied residential properties
> 40+ energy improvements
• Heating and cooling, solar, insulation, windows, etc.
> $500 – $40,000 loan amounts available
• 25% of loan for “other” energy related improvements

Financing Terms

Loan Terms* 5 years 7 years 10 years 12 years
APR 4.49% 4.99% 5.99% 6.99%

*15 and 20 year terms are available. Lender participation varies.

Application and documents

Smart-E Fact Sheet



*APR=Annual Percentage Rate. Please note that the interest rates shown here are available to borrowers with a satisfactory credit history. Subject to other terms and conditions. Other restrictions may apply.


Application and Documents

Smart-E Fact Sheet (attached)


For more information contact us.