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Financial

Incentives

 Federal Tax Credit of 26%

Retro-Fit (switching from fossil fuel to geothermal existing home projects) Rebates via the Energize Connecticut Program

Low-Interest Financing with the Connecticut Green Bank

 

Crumbling Foundation?

0% Financing (to switch from fossil fuel to geothermal) 

Federal Tax Credit

The Federal Government offers a strong incentive to incorporate geothermal into your new or existing residential green energy plan.

 

2021 & 2022 geothermal installs qualify for a 26% federal tax credit

King Energy will work with you and provide to you the certificate necessary for you to submit in order for you to qualify,

For further information check out our blog post here: The Federal Tax Credit

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Retro-Fit Rebates

The CT Energize Program offers rebates based on heat pump tonnage up to $10,000 for those switching their fossil fuel energy system to a geothermal system. 

 

As part of our service to you, King Energy will guide you through the process and the completion of the form to ensure it is fill-out correctly. 

Find out more here

Once your system is installed, it is important that we complete the form first.  We'll then send it to you to mail so the rebate is delivered directly to your address.

Connecticut Green Bank-Low-Interest Financing

King Energy has been recognized as a Top Performer with the CT Green Bank when it comes to helping our customers get financing with the CT Green Bank.

Don't get stuck on long high interest rate loans - work with King Energy, LLC and the Connecticut Green Bank to explore .99% interest loans for up to to $15,000 and 1.99% interest loans for up to $40,000 offering 5, 7 or 10 year loan options. 

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Video: Hear from homeowners, Dan and Sara form Redding, CT. 
 
They used a Hydron Module 4 ton heat pump combined it with solar to save thousands on their annual energy bills.

0% Financing for Crumbling Foundation

Towns Identified by CRCOG as having been impacted by Crumbling Foundations
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Offered via the CT Green Bank, this program allows homeowners, affected by the crumbling foundation crisis, to apply for 0% financing for up to 10 years.

Simply email the CT Green Bank with the documentation confirming you were approved for assistance through the State of Connecticut's Department of Housing.  Click here for the DOH link.

From there, the CT Green Bank will work with you on notifying the lender of the eligibility for the 0% Smart-E loan financing.

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