History of the Connecticut Green Bank

The Green Bank is established, with bipartisan leadership from Governor Malloy and Connecticut’s General Assembly on July 1, 2011, through Public Act 11-80 as a quasi-public agency that superseded the former Connecticut Clean Energy Fund

Residential Solar Investment
Program (RSIP) launches

First Solarize Campaign launches, using a proven, community-based approach and an aggregation strategy to reduce costs and accelerate adoption of solar technologies

C-PACE Loan, Smart-E Loan, CT Solar Loan,
and residential Solar Lease launch

$100M in private investments
fund over 1,000 projects

First Multifamily Loan project closes

President Barack Obama acknowledges the Connecticut Green Bank’s leadership in a speech on American energy given on May 9, 2014

$1B in private investments fund over 10,000 projects

100th C-PACE project closes

Public health savings to the Connecticut
economy surpass $100M

Over $30M in tax revenue is generated for the state

C-PACE Loan surpasses $100 million
in total capital deployed

The Ash Center for Democratic Governance and Innovation, a leading research center at the John F. Kennedy School of Government at Harvard University, named the Connecticut Green Bank the winner of the 2017 Innovations in American Government Award.

Over 20,000 projects closed with an installed generation capacity of 250MW, attracting over $1B in private investments

Over $60M in tax revenue generated for the state

Received 2018 CESA SLICE award is received for PosiGen partnership on Solar for All

RSIP proves successful at helping increase solar deployment in communities of color and LMI households; Connecticut seen as a “solar with justice” state

100th C-PACE project closes

First Green Liberty Bond launches in honor of 50th Earth Day, selling $17M in bonds

Environmental Finance 2020 Bond Awards are received for Innovation in Green Bond Structure and Asset-Backed Bond

Green Bank model expanded via bipartisan legislation to include environmental infrastructure

RSIP hits its 350 MW target ahead of schedule with more than 43,000 homes adopting solar

Energy Storage Solutions, in partnership with Eversource and UI, launches

6,000th Smart-E Loan closes