The State of Connecticut is looking for banks to offer special guaranty loans for non-profits, small businesses with less then 50 employees and individuals. These loans will be low-interest and can be used for purchase and installation of insulation, alternative energy devices, energy conservation materials, replacement furnaces and boilers, and technologically advanced energy-conserving equipment. Currently the state has set aside $18 million for this program. At this time the details of this program and which banks will be offering these loans is in the works.The Office of Policy and Management is in charge of this program. When the details are released of where to go to get this funding and the details of the requirements we will let you know.
It is hard to tell what direction energy efficienct funding will go. The Federal Government may be making huge cuts to energy efficiency and green technology funding, but it may be a little time until we know for sure what is going to happen. But Connecticut is moving in its own direction, continuing and even increasing funding for energy efficient projects. The new legislation SB 1243 that was signed by Governor Malloy in July, makes huge strides forward. SB 1243 is an act concerning the establishment of the Department of Energy and Environmental Protection and planning for Connecticut's Energy Future. The bill merges the Department of Environmental Protection (DEP) and the Department of Public Utility Control (DPUC) into the newly created Department of Energy and Environmental Protection (DEEP). The legislation also allocates $2 mil in funding/grants for cogeneration, as well as continuing much of the funding for solar pv, solar thermal, including grant programs, tax rebate...
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