U.S. Department of Energy Competition will award monetary prizes
Rocky Hill, CT (September 30, 2015) – The Connecticut Green Bank, the nation’s first green bank,will participate in the SunShot Prize: Race to 7-Day Solar, a national competition that aims to reduce the time it takes to “go solar” across the country. Sponsored by the U.S. Department of Energy SunShot Initiative, Connecticut has a chance to win up to $100,000 in the first round of competition and up to $3 million as a first place grand prize winner.
The Green Bank will partner withConnecticut’s two investor-owned utilities, Eversource Energy and UIL Holding Corporation’s electric subsidiary The United Illuminating Company, solar installers, and a number of municipalities to form the Connecticut Permit to Plug-in Team. The team will takea strategic approach to identifying, creating, and implementing innovative practices that significantly reduce solar systeminterconnection times,while also striving to deploy10 megawatts of solar energy in participating Connecticut municipalities.
Currently, solar PV projects in Connecticut can take several months to complete. The team strives to reduce installation times by 75% and complete projects in less than 2 months.To achieve this goal, the Connecticut Permit to Plug-In Team will utilize a data-driven approach to quantify the impact ofeach team member’s role on solar installation timelines and gauge the success of strategies designed to fast-track project completion.
“This partnership between the utilities, solar contractors, municipalities and the Green Bank is a huge step forward for Connecticut,” states Bryan Garcia, President and CEO of the Connecticut Green Bank. “We are excited to work together towards accelerating the adoption of residential solar PV in the state and significantly reducing the time it takes Connecticut homeowners to go solar.”
Throughout the competition, the Connecticut Permit to Plug-in Team will work towards achieving several targets and has the chance to earn monetary prizes for its accomplishments.The team will aim to install 1 megawatt (MW) of solar PV in participating municipalities by January 2016 and 3 MW by March 2016. The Department of Energy will award up to $100,000 in “Change Prizes”for these achievements. These Change Prizeswill support the Connecticut Team in implementing strategies for significantly reduced solar project completion and ultimately winningthe first place grand prize of $3 million.The awards will be divided between the members of the team.
The competition begins on September 22, 2015 and will conclude on March 17, 2017. The Connecticut Green Bank will provide updates on the competition throughout its duration.
About the Connecticut Green Bank
The Connecticut Green Bank (formerly the Clean Energy Finance and Investment Authority) was established by the Connecticut General Assembly on July 1, 2011 as a part of Public Act 11-80. As the nation’s first full-scale green bank, it is leading the clean energy finance movement by leveraging public and private funds to scale-up renewable energy deployment and energy efficiency projects across Connecticut. The Green Bank’s success in accelerating private investment in clean energy is helping Connecticut create jobs, increase economic prosperity, promote energy security and address climate change. For more information about the Connecticut Green Bank, please visit www.ctgreenbank.com.
About the SunShot Initiative
The U.S. Department of Energy SunShot Initiative is a collaborative national effort that aggressively drives innovation to make solar energy fully cost-competitive with traditional energy sources before the end of the decade. Through SunShot, the Energy Department supports efforts by private companies, universities, and national laboratories to drive down the cost of solar electricity to $0.06 per kilowatt-hour. Learn more about the SunShot Initiative and the SunShot Prize competition and rules.
For More Information, Contact:
Connecticut Green Bank