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Funding Resources
Funding Resources
| CT Low Interest Loans for Customer-Side Distributed Resources | |
|---|---|
| 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 |
| Critical Information |
The total amount of financing for projects under this program is $150 million. Capital costs and project-development costs are eligible. Interest rates are fixed and will be determined at the time the application is approved by Banc of America. Loans will be collateralized by way of equipment, or other collateral or credit enhancements required by Banc of America. Eligible projects include distributed generation projects such as combined heat and power (CHP) systems, emergency generation, fuel cells, photovoltaic 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 projects. Eligible projects must be at least 50 kilowatts and no more than 65 megawatts. 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. |
| Web Site |
http://www.cga.ct.gov/2011/pub/chap283.htm#Sec16-243j.htm |
| 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 Tames 06051 U.S.A. Lisa Tames (lisa.tames@baml.com) (646) 855-4415 |