A ratepayer-backed lending program for energy-saving heating upgrades has lowered its interest rates from 2.99 percent to 0.99 percent well in advance of winter.
Energize Connecticut said its Heating Loan Program will have the lower rates for “a limited time.”
“Though we’re in the midst of summer, it’s actually a good time to assess your home’s energy equipment to prepare for the cool fall and winter evenings, which will be here before we know it,” Enoch Lenge, Eversource’s energy efficiency spokesman, said in a statement.
The loan program provides financing for up to 90 percent of eligible heating equipment, up to $15,000.
Customers pay back the loan through their utility bills over a three- to 10-year period.
The program requires a minimum down payment of 10 percent of the cost of the equipment.
