Connecticut · Loan program · Deep-stack program
CT Green Bank Smart-E Loan
Below-market financing for residential solar installs in Connecticut -- see the terms, who qualifies, and the payback impact below.
- Low-interest financing
- stated benefit
- Residential
- eligible customers
- 8.9 yr
- Connecticut baseline payback
- 4
- other Connecticut programs
Deep-stack program · mid directory
Connecticut runs a 5-program DSIRE stack; this loan program is one layer on a 8.9-year modeled baseline, not the whole story.
- Stack5 programs
- In-state #2/4
- Type #1/2
In-state directory place #2 of 4 (mid alphabet). National loan program directory #1 of 2. Amounts and eligibility change; verify with the official program page before relying on a dollar figure. Informational only - not financial advice. See our disclaimer.
Program description
Connecticut Green Bank offers subsidized smart-E loans for solar and storage installations.
Program at a glance
- Program type
- Loan program
- Eligible customers
- Residential
- Stated benefit
- Low-interest financing
- State electricity rate
- 28.5¢/kWh
- Connecticut solar score
- 41/100
Solar's trajectory in Connecticut
For context on the market this incentive serves, Connecticut's total installed solar capacity, per EIA reporting.
Connecticut's solar incentive stack
How this loan program sits among Connecticut's 4 tracked programs, by type
- Tax exemption
Tax exemption
1 programs
- Loan
Loan
1 programs
- Rebate
Rebate
1 programs
- SREC
SREC
1 programs
What this shows Among Connecticut's 4 tracked incentive types, 1 are loan programs like this one -- financing rather than a direct credit or rebate, stacking with whatever else the state offers.
How this loan program layers inside Connecticut's deep stack
The CT Green Bank Smart-E Loan provides below-market financing for solar installation, one of Connecticut's solar incentive programs tracked in DSIRE. Eligibility is scoped to residential customers, with a stated benefit of Low-interest financing. DSIRE lists no scheduled sunset, though enabling legislation and appropriations can still be revised year to year.
That's the backdrop this incentive works against. Connecticut averages 4.1 kWh/m²/day of usable sunlight and residential rates of 28.5¢/kWh, producing an estimated 7,183 kWh/year and $2,047 of annual utility offset on a typical 6 kW system costing $18,300. That baseline already implies a 8.9-year simple payback and a 25-year modeled net of roughly $32,875 before this incentive - every dollar this loan program delivers compresses that payback further.
Connecticut bundles a deep incentive stack, so this program rarely stands alone. Connecticut has 5 solar incentive programs indexed in DSIRE, including adjacent options like CT Solar Property Tax Exemption, CT Residential Solar Investment Program, Connecticut ZREC/LREC Program. The state's net-metering policy is classified as full, which governs how excess generation is credited and often decides whether a given program is worth claiming for a specific household.
Other Connecticut incentives
Frequently asked questions
Where does the CT Green Bank Smart-E Loan sit in Connecticut's deep program stack?
How does this loan program work beside Connecticut's other programs?
Who is eligible for the CT Green Bank Smart-E Loan?
How does this incentive affect solar ROI in Connecticut?
Which other Connecticut programs stack with this one?
Incentive data from the DSIRE (Database of State Incentives for Renewables & Efficiency); state solar economics from NREL and the U.S. EIA. See our methodology · Connecticut solar data · ROI calculator · All incentives.