Successful crowdfunding program continues supporting local small businesses and economic growth. Hartford, CT (February 27, 2025)—CGB Green Liberty Notes LLC, a subsidiary of the Connecticut Green Bank, today announced the launch of its award-winning 12th offering. Now in its fourth year, the crowdfunding campaign is made possible by Honeycomb Credit, an online marketplace for […]
HARTFORD, Conn. – February 11, 2025 – GreenGain, a new pilot program geared towards smaller manufacturing companies in Connecticut, is continuing to accept applications to participate in the program now through February 25. The program is open to business owners, executives, and department heads in smaller manufacturing companies—no prior sustainability experience is required to apply. […]
Strong commercial and industrial demand prompts shift in program capacity allocation; residential installations continue to grow, including in low- and moderate-income households. HARTFORD, Conn. (January 20, 2025) – The Public Utilities Regulatory Authority (PURA) recently announced updates to the Energy Storage Solutions program, including the opening of Tranche 3 of the commercial and industrial […]
New Britain business will save more than $1.2 million in energy costs
Hartford, CT (January 16, 2025) – The Connecticut Green Bank is pleased to announce the closing of Commercial Property Assessed Clean Energy (C-PACE) financing for a solar photovoltaic system at Hitchcock Printing & Distribution Services, located at 191 John Downey Drive in New Britain. The system is estimated to save the business more than $1.2 million in avoided energy costs over the next 20 years. Founded in 1904 by Edwin Rogers Hitchcock, the company runs a modern 21,000 square foot facility with a highly skilled workforce and state-of-the-art equipment to provide printing, creative design, finishing, and mailing services.
“The addition of our solar system is a key to staying competitive now and in the future,” said Anthony Bracco, President of Hitchcock Printing. “State of the art equipment, and a highly trained youthful workforce accompanied with a plan to manage our energy costs will ensure that we have an edge in the years to come.”
The 227-kw system was developed and installed by Smart Roofs Solar Inc. in Monroe.
Since 2013, C-PACE financing has helped building owners complete more than 400 projects for estimated energy costs savings of nearly $420 million. C-PACE financing allows commercial property owners to install green energy upgrades today and pay for them over time, covering up to 100% of costs at low-interest rates with terms up to 25 years.
“We are seeing continued interest in C-PACE from energy-intensive businesses seeking ways to reduce their energy-cost burdens, especially through the addition of solar systems,” said Mackey Dykes, Vice President of Financing Programs at the Connecticut Green Bank. “It’s exciting when companies with long histories in their community, like Hitchcock Printing, take advantage of green technologies to enhance their bottom line.”
For more information about C-PACE, please visit ctgreenbank.com/cpace
Green Bank programs continue to create jobs and grow the green economy while helping thousands of families and businesses reduce their energy costs Hartford, CT (Jan. 8, 2025) – The Connecticut Green Bank recently released its 13th annual report for fiscal year 2024, which showed continued leadership in the state’s green economy. Every public […]
Wampus Lane project is estimated to generate $4 million in energy revenue for the ownership Hartford, CT (Dec. 16, 2024) – The Connecticut Green Bank is pleased to announce that Milford Holdings LLC has recently closed on C-PACE financing for a 1.1-megawatt solar project at their property at 80 Wampus Lane in Milford. The […]
Pilot program to provide energy efficiency and sustainability training, mentoring, and project funding support for small CT manufacturers HARTFORD, Conn. (December 11, 2024) – The Connecticut Department of Economic and Community Development’s Office of Manufacturing, in partnership with the Connecticut Sustainable Business Council (CTSBC) and the Connecticut Green Bank (Green Bank), today announced the […]
December 9, 2024 – The Connecticut Green Bank is pleased to announce a Request for Proposals (RFP). This RFP makes available Green Bank low-interest financing resources and state matching grant funds administered by the CT Department of Energy and Environmental Protection (CT DEEP) for electric school bus (ESB) projects in Connecticut. Recipients of previously awarded […]
HARTFORD, Conn. (Dec. 2, 2024) – The Green Bank recently released a Request for Proposals (RFP) seeking qualified contractors or entities to provide engineering, procurement, and construction (EPC) services for solar photovoltaic (PV) projects at Affordable Multifamily Housing (AMFH) sites. Through this RFP, the Green Bank seeks to procure EPC services to install 2 megawatts […]
Eversource’s program is supported through a financing agreement with Amalgamated Bank and the Green Liberty Note offerings from the Connecticut Green Bank Hartford, CT (November 13, 2024) – The Connecticut Green Bank and Amalgamated Bank recently celebrated the cumulative purchase of $100 million in loans through Eversource’s Small Business Energy Advantage (SBEA) program, which […]