At Ellafi Federal Credit Union, we’re committed to supporting our members and our planet. Our Energy Efficient Lending Program is designed to help you invest in green solutions while saving money.
With flexible terms, competitive rates, and a focus on sustainability, these loans make it easier than ever to fund energy-efficient upgrades and eco-friendly purchases. Whether you’re looking to improve your home’s energy efficiency, purchase an electric vehicle, or explore alternative transportation options, we’re here to help.
Explore Our Energy Efficient Loan Options:
Equifi Energy Loans
Upgrade your home’s energy efficiency or address urgent energy needs with our Equifi Energy Loan. Perfect for installing new HVAC systems, solar energy solutions, or energy-efficient windows, this loan supports projects that make a real difference.
Rates as low as 5.99% APR1 for 5-year terms
- Eligibility: Primary residences (1-4 family properties), with at least one borrower as the homeowner.
- Acceptable Projects: HVAC systems, solar panels, windows, and other qualifying energy efficiency upgrades.
EV Auto Loans
Drive into the future with our Electric Vehicle Auto Loans. Designed for eco-conscious drivers, these loans help you save on financing costs while reducing your carbon footprint.
Rates as low as 4.99% APR2 for up to 60 months
Plus, skip your first payment for 60-days!
- Eligible Vehicles: All-electric and plug-in hybrid electric vehicles.
- Benefits: Guaranteed Asset Protection (GAP) to protect yourself in the event your vehicle is stolen or totaled, substantially less than what the dealer charges. And AssureGuard Mechanical Breakdown Protection available for peace of mind on new and used autos
E-Bike Loans
Ready to embrace eco-friendly transportation? Our E-Bike Loans make it affordable to invest in an electric bike—ideal for commuting, leisure, or reducing your environmental impact.
Rates as low as 6.99% APR3 for up to 24 months
- Loan Amounts: $500 to $5,000.
- Terms: 1-24 months or 24-48 months.
- Eligibility: E-bikes are defined as any bicycle that includes an integrated electric motor but also retains the ability to be pedaled by the rider.
Why Choose Ellafi for Your Energy Efficient Financing Needs?
Flexible terms
We've structured our loan terms to ensure that you can start benefiting from your energy improvements immediately.
Discounted rates
We give you better rates for projects and purchases that help protect our planet. Show our planet some love and support clean energy usage.
Resources for Energy Efficient Living
Ready to go green and ride in style?
With the Connecticut Electric Bicycle (eBike) Incentive Program, you could save money on a new e-bike—and we’re here to help you make it happen! Pair your incentive with our low-rate E-Bike Loans for an affordable way to enjoy eco-friendly transportation, save on commuting costs, and reduce your carbon footprint.
Energy Star Tax Credits and Rebates
Take advantage of Energy Star’s programs to save even more. From tax credits for air source heat pumps to rebates on energy-efficient appliances, these incentives make eco-friendly upgrades even more rewarding. Use Energy Star’s rebate finder to explore offers in your area.
Energize Connecticut
Discover local rebates, incentives, and resources through Energize Connecticut. Start with an energy assessment to identify cost-saving opportunities and explore assistance options if you’re struggling with monthly bills.
Energy Efficient Lending - FAQs
What energy efficient loans does Ellafi offer?
Ellafi’s Energy Efficient Lending Program includes Equifi Energy Loans, Electric Vehicle (EV) Auto Loans, and E-Bike Loans. These options are designed to help members finance energy-efficient home improvements and eco-friendly transportation.
What is an Ellafi energy efficient loan?
An Ellafi energy efficient loan provides financing for qualifying green projects and purchases, such as energy-efficient home improvements, electric or plug-in hybrid vehicles, and e-bikes. The program offers special rates and terms to support more sustainable choices.
What are the benefits of Ellafi’s Energy Efficient Lending Program?
The program offers competitive or discounted rates, flexible terms, and financing options for a range of energy-efficient projects and purchases. Eligible members can use these loans to make improvements that may reduce energy use, lower costs, or support more sustainable transportation.
Can I get an energy efficient loan in CT with Ellafi?
Yes. Eligible Ellafi members can apply for an energy efficient loan in CT, subject to the specific loan product’s eligibility requirements and credit approval. Ellafi offers financing options for energy-efficient home improvements, electric and plug-in hybrid vehicles, and e-bikes.
Are Ellafi energy efficient loans only for women?
No. Ellafi’s Energy Efficient Lending Program is available to all eligible members who meet the applicable membership and lending requirements. The program supports anyone looking to make energy-efficient or environmentally friendly investments.
How do I apply for an energy efficient loan with Ellafi?
You can apply online for the energy efficient loan that matches your project or purchase. If you are unsure which option is right for you, contact Ellafi or visit a branch to discuss your needs and available financing.
What types of projects and purchases qualify for energy efficient financing?
Qualifying options can include HVAC systems, solar panels, energy-efficient windows, doors, roofs, certain Energy Star-certified appliances, electric and plug-in hybrid vehicles, and e-bikes. Eligibility varies by loan product and project.
Are there incentives or rebates available for energy efficient projects in CT?
Additional incentives may be available through programs such as Energize Connecticut and the Connecticut Electric Bicycle Incentive Program. Ellafi recommends checking current state and local programs to see whether your project or purchase may qualify for rebates or other assistance.
More Energy Efficiency Loan Questions?
If you have any questions in regards to our energy efficient lending, please call us at (860) 346-6614 or visit any of our branches.
Disclosures
1APR = Annual Percentage Rate. Loan rates and terms are accurate as of 1/1/2025 and is subject to credit approval. Payment example: A fixed rate loan for $20,000 based on a 5.99% APR paid over 60 months would have 60 monthly payments of $386.56. Loan rates and terms are based on creditworthiness and underwriting factors and is our best rate. Not all applicants will qualify for the lowest rate or the longest term. Rates and terms are subject to change at any time without notice and are subject to credit approval.
2APR = Annual Percentage Rate. Loan rates and terms are accurate as of 12/8/2025 and is subject to credit approval. APR includes a 0.25% rate discount with Auto Pay from a Ellafi FCU checking account. A fixed rate loan for $20,000 based on a 4.99% APR paid over 60 months would have 60 monthly payments of $377.33. Rates can vary based on creditworthiness, age of vehicle, and terms of the loan. Rates & terms subject to change based on market conditions and borrower eligibility. 60-day payment deferral is available to qualified borrowers for auto loans approved through standard lending guidelines. Regular finance charges continue to accrue during the deferred payment period. Additional criteria may apply. View more rate information.
3APR = Annual Percentage Rate. Loan rates and terms are accurate as of 1/1/2025 and is subject to credit approval. Payment example: A fixed rate loan for $2,500 based on a 6.99% APR paid over 24 months would have 24 monthly payments of $111.92. Loan rates and terms are based on creditworthiness and underwriting factors and is our best rate. Not all applicants will qualify for the lowest rate or the longest term. Rates and terms are subject to change at any time without notice and are subject to credit approval.