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Combined Heat and Power Partnership

Low-Interest Loan Program

dCHPP Glossary (PDF) (2 pp, 53K)

Date Last Updated12/31/2013
Incentive TypeLoan
Incentive Administrator/Contact OfficeBank of America Leasing & Capital for the Connecticut Department of Public Utility Control (DPUC)
Incentive Initiation Date7/21/2005
Incentive Size and Funding SourceLow-interest loans for $1 million or more are available for CHP Projects in Connecticut through Bank of America at a subsidized interest rate of 1% below the applicable rate or no more than the prime rate. Loans will be collateralized by way of equipment, or other collateral or credit enhancements required by Bank of America.
Eligible RecipientEligible recipients include retail end-use customers for customer-side distributed generation projects. Projects must be located in the service territories for Connecticut Light & Power (CL&P) and United Illuminating (UI).
Eligible FuelDoes Not Specify
Eligible Project Size (MW)0.05 to 65 MW
Minimum Efficiency Required (%)Does Not Specify
Other Selected Eligibility CriteriaFinancing is available for projects funded by the Connecticut Clean Energy Finance and Investment Authority (CEFIA, previously known as the Connecticut Clean Energy Fund), and CL&P's and UI's energy-conservation programs.

Eligible projects include distributed generation projects such as CHP systems. Capital costs and project-development costs are eligible. Generators must begin operation after January 1, 2006. Incremental capacity increases are also eligible, however, existing capacity is not eligible. Gas air conditioning and gas chiller systems are also not eligible. Emergency generation projects for hospitals, nursing homes, or other facilities are not eligible.
UtilityConnecticut Light & Power (CL&P) and United Illuminating (UI)
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