Governor Malloy Announces Policy Proposal in Support of Solar on Homes

Solar PanelsGovernor Malloy is announcing a policy to expand investment in residential solar PV in Connecticut. As we have worked together with you on this through the fall and into the winter, the policy will expand the Residential Solar Investment Program target to no less than 300 MW by 2022 through the creation of Solar Home Renewable Energy Credits (SHRECs) to support the Class I Renewable Portfolio Standard (RPS) policy implementation.

This policy will:

  • Increase private investment of over $1 billion in the deployment of no less than 300 MW of residential solar PV in ConnecticutCreate 6,342 job-years in the growing industry and improve the state’s economy by $537 million
  • Save all ratepayers between $68-$186 million in Class I RPS compliance costs
  • This is an exciting moment for residential solar PV industry in Connecticut – and we need your attendance at the event to support Governor Malloy!

Details of the event:
Who: Governor Malloy, Rob Klee (Commissioner of DEEP) and Bryan Garcia (President and CEO of the Connecticut Green Bank)

What: Announcement of policy proposal to support solar on homes and jobs in Connecticut

Where: E.C. Goodwin Technical High School at 735 Slater Road in New Britain, CT 06053

When: Tuesday, February 10, 2015 at 11:00 a.m.

Why: This policy will attract more private investment in and deployment of residential solar PV in Connecticut providing benefits to all ratepayers and helping to sustainably build a growing industry

In preparation for the event, please confirm your attendance with our marketing director, Craig Connolly ([email protected]) and let him know if your company will be attending and how many members of your staff you expect to join this important event.

Again, we need your support behind Governor Malloy as he makes this important announcement!

Given the pending weather conditions, if details about the event or the announcement change, we will let you know Tuesday morning.

Regards,
Connecticut Green Bank

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