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Funding Resources
Funding Resources
| CT Low Interest Loans for Customer-side DG | |
|---|---|
| Type of Incentive | Loan |
| Eligible States | CT |
| Eligible Technology | Backpressure Turbine, Boiler, Combustion Turbine, Condensing Turbine, Extracting Turbine, Fuel Cell, Microturbine, Other, Reciprocating Engine, Heat Recovery Generator, Stirling Engine |
| Eligible Fuel | # 2 Fuel Oil, # 6 Fuel Oil, Biogas, Biomass, Coal, Hydrogen, LFG, Municipal Solid Waste, Natural Gas, Other, Tire-Derived Fuel, Waste heat Recovery |
| Eligible Project Size | 0.05-65 |
| Number of Awards | |
| Size of Award | Total Funding Available: up to $150 million Provided by: Banc of America Leasing and Capital, LLC (contact Lisa Douma at (201) 345-2860). Eligible Projects: DG projects such as CHP systems, emergency generation, fuel cells, photovolatic systems, small wind turbines, peak reduction systems and demand response systems. |
| Start Date | 3/27/2006 |
| End Date |
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| Minimum Efficiency(%) |
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| Additional Information | A low interest loan program will be available for retail end-use customers for customer-side distributed generation (DG) projects. Eligible projects must be at least 50 kW and no more than 65 MW. Generators must begin operation after January 1, 2006. Incremental capacity increases are eligible, however, existing capacity is not eligible. Loans are available to Connecticut Light & Power (CL&P) and United Illuminating (UI) customers for projects located in the service territories for those two utilities. Emergency generation projects for hospitals, nursing homes, or other facilities are not eligible. Gas air conditioning and gas chiller systems are also not eligible. Loans are available for projects funded by the Clean Energy Fund or CL&P's and UI's Conservation Programs. Interest rates are fixed and do not exceed the prime rate. The actual interest rate is determined at the time the application is approved. Project capital costs and project development costs are eligible for financing, and loans will be collateralized. The loan program has no specified end date at this time. |
| Web Site |
http://www.ct.gov/dpuc/cwp/view.asp?a=3356&q=419794  |
| Additional Web Site |
http://www.dsireusa.org/library/includes/ incentive2.cfm?Incentive_Code=CT40F&state=CT&CurrentPageID=1&RE=1&EE=1 |
| Primary Contact |
Lisa Douma Operations Analyst 25 N. Maple Avenue, 2nd Floor Ridgewood, NJ 07450 U.S.A. Lisa Douma (lisa.j.douma@bankofamerica.com) (201) 345-2860 (704) 264-2573 |