Stratford Mayor Laura Hoydick Appointed to Connecticut Green Bank Board of Directors

Mayor Hoydick brings extensive background in economic development, property management, and local and state leadership to the Board


Hartford, CT- (Oct. 18, 2021) – The Connecticut Green Bank proudly announces the appointment of Stratford Mayor Laura Hoydick to its Board of Directors. Hoydick has served as the first woman Mayor of Stratford since 2017, after serving in the State House of Representatives for the 120th District starting in 2010. In addition to being a Ranking Member of the Energy and Technology Committee while in the House, Mayor Hoydick held critical roles on the Banks, Finance, Revenue and Bonding Committees. Under Mayor Hoydick’s leadership in Stratford, the town has added five solar arrays to public buildings, brought in textile recycling and solar compacting trash and recycling receptacles.

“We thank House Republican Leader Candelora for his appointment of Mayor Hoydick to our Board,” said Green Bank Board Chairwoman Lonnie Reed. “In 2011, Laura and I worked together as leaders on the Energy and Technology Committee, and played an important role in the creation of the Green Bank. It is very fitting that Laura joins our Board now as we take the Green Bank to version 2.0, expanding our scope through recent bipartisan legislation led by Governor Lamont.”

As Mayor, Hoydick uses her experience as the Executive Director of the Stratford Chamber of Commerce to advocate for economic development and redevelopment in Stratford, focusing on budgets that reduce the town’s mill rate. She continues to advance important projects such as the Transit-Oriented development around the Stratford Train Station, the development of the Exit 33 interchange off of I-95 and the improvement of the Interchange at Exit 32.  She has made significant progress in advancing the development of the Stratford Army Engine Plant location and worked with state and federal authorities to bring the Raymark site contamination remediation to a successful close.

“I am looking forward to joining the Board of Directors of the nation’s first green bank that we created through unanimous bipartisan legislation back in 2011,” said Mayor Laura Hoydick. “Over the last decade, the Connecticut Green Bank has proven that it can mobilize multiples of private capital investment to support public policy and accelerate the green economy of Connecticut.”

“Mayor Hoydick’s dedication to her community is made obvious through her service, volunteerism, and leadership,” said Bryan Garcia, President and CEO of the Green Bank.  “She has always been a steadfast proponent of the green bank model to enable private investment in our green economy to make clean energy more affordable and accessible to our families, businesses, and communities.”

Mayor Hoydick also serves as the Chairman of the Greater Bridgeport and Valley Metropolitan Planning Organization, and the Vice Chair of the Connecticut Metropolitan Council of Governments. She is a director for the Connecticut Conference of Municipalities, and is a member of the board of Sustainable CT from which the Town of Stratford has achieved Silver Certification.

Solar Power to Provide Savings to East Windsor Housing Authority

The Housing Authority will save more than $130,000 in avoided energy costs over 20 years

Photos provided by Laura Scyocurka

East Windsor, CT (Oct. 12, 2021) – The Connecticut Green Bank announces the installation of a 39.6 kW solar photovoltaic system at Park Hill, a housing complex owned by the East Windsor Housing Authority. The low income, elderly and non-elderly property is comprised of 84 garden style apartments, three laundry rooms, and large community hall/office building. The Housing Authority has agreed to a 20-year power purchase agreement (PPA) in which they buy the electricity generated by the system at a fixed reduced cost. The PPA will save the Housing Authority approximately $130,000 on their electricity costs over the agreement term.

“It was a pleasure to work with the Green Bank on our solar project. The staff was very professional and efficient with the entire process including the coordination with the installation of the panels by Green Earth Roofing Solutions, who I would also recommend. The cost savings on our electric bill will certainly be beneficial to the Housing Authority and the residents we serve,” Linda Collins, Executive Director of the East Windsor Housing Authority.

“A power purchase agreement (PPA) works well for properties like a housing authority that cannot monetize the investment tax credits offered by the federal government,” said Mackey Dykes, Vice President of Financing Programs at the Green Bank. “The PPA model allows the housing authority to harness all the energy and cost savings benefits of solar energy.”

Inclusive Prosperity Capital (IPC), a non-profit, partners with Green Bank to own and maintain the system. IPC offers the PPA to multifamily, non-profit, and municipal customers outside Connecticut.

Seafood Powered by Sunshine: Westville Seafood Goes Solar

Popular New Haven restaurant adds solar using Connecticut Green Bank C-PACE financing

Hartford, CT (September 22, 2021) – The Connecticut Green Bank proudly announces that Westville Seafood, 1514 Whalley Ave, New Haven, has recently added a solar photovoltaic (PV) system to their roof using financing through the Commercial Property Assessed Clean Energy (C-PACE) program.

Westville Seafood has been serving customers with a variety of fried and grilled seafood dishes, as well as soups, salads, and sandwiches since 2008. The 32.56 kW solar system is projected to produce energy cost savings of more than $240,000 over the 25-year effective useful life of the panels.

“With our peak busy season being in the summer, we use a significant amount of energy to power the restaurant, which results in higher energy costs,” said David Austin, owner of Westville Seafood. “Going solar helped offset the cost of electricity, it’s more environmentally friendly, and our customers love it. We’re thankful for the help we received from the Connecticut Green Bank, who made the process easy.”

Westville Seafood in New Haven, CT and its 88 370W panel rooftop solar array.

“Restaurants use a lot of energy, so solar and energy efficiency upgrades can help their owners control their costs,” said Mackey Dykes, Vice President of Financing Programs at the Green Bank. “We are glad that Westville Seafood went solar, and we hope the visibility of their panels will get others curious about solar.”

For more information about the restaurant, please visit
For more information on C-PACE please visit

Connecticut Green Bank Awards Solar Hot Water Equipment to CTECS and Cosgrove Animal Shelter in Branford

Education and community-focused organizations respond to equipment donation request for proposals (RFP); systems are still available for other organizations through the RFP

Hartford, CT (June 20, 2021) – The Connecticut Green Bank is pleased to announce that the Connecticut Technical Education and Career System (CTECS) in Hartford and the Dan Cosgrove Animal Shelter in Branford are the first two recipients for the award of donated domestic solar hot water equipment. These organizations were selected through a Request for Proposals (RFP) and will be responsible for providing all expenses associated with the installation and commissioning of the systems. The Green Bank has released an updated RFP seeking applications from other organizations that could benefit from the remaining solar hot water systems available for donation.

CTECS is the largest high school system in Connecticut, serving more than 11,000 full time students in 17 diploma-granting technical schools, one technical education center and two aviation maintenance programs. The systems donated to CTECS will be installed by students and staff at eight of their schools:  H.C. Wilcox Technical High School in Meriden; Eli Whitney Technical High in Hamden; H.H. Ellis Technical High School in Danielson; Platt Technical High School in Milford; Ella T. Grasso Technical High in Groton; J. M. Wright in Stamford; E.C. Goodwin in New Britain; and Emmett O’Brien in Ansonia.

The solar hot water systems will be used as part of CTECS E-House program, which serve as energy efficiency learning laboratories featuring high-efficiency and clean, renewable energy technologies and examples of past and present construction practices. The first E-House was opened in New Britain in 2011, with six more built since. They plan to construct an E-House at each of their locations.

“The Town of Branford is grateful for the solar thermal donation. Technology like this helps the Town keep operational costs low and simultaneously benefits our environment. We are pleased to reaffirm our commitment to being a sustainable community,” said James B. Cosgrove, First Selectman, Town of Branford.

The Dan Cosgrove Animal Shelter is a municipal animal shelter and animal control department serving Branford and North Branford. While they are dedicated to the two towns they serve, their adoption and education programs and their community engagement are known statewide. They emphasize and organize programming for children of all ages and adults with special needs to encourage bonding with animals. The two 120-gallon solar hot water systems donated to the Shelter are valued at approximately $11,500.

“In partnership with the local energy committee, a local architectural firm and the Office of Sustainability, the Shelter’s goal is to become one of the first net zero animal shelters in the country. By producing our own domestic hot water through solar thermal energy this will greatly help us achieve our net zero objectives,” said Laura Burban, Director of the Shelter. “We believe in helping to protect our environment and make our building healthy, comfortable and safe for all who work, visit and temporarily live here.”

Organizations that could benefit from the donation of the remaining solar hot water systems may apply to the RFP. Preference in award will be provided to proposals that demonstrate the following: benefits to persons of low and/or moderate income; capacity to achieve successful installation, maintenance, and monitoring of the equipment; and educational benefits of the installation and monitoring system output. To access the RFP, please visit

Connecticut Green Bank Celebrates Tenth Anniversary

Successfully proving the impact of the Green Bank model for a decade, recent scope expansion led by Governor Lamont approved through bipartisan legislative action 

Gov. Lamont signs the bill for Public Act 21-115: An Act Concerning Climate Change Adaptation at Jacob’s Beach in Guilford.

Hartford, CT (July 7, 2021) – The Connecticut Green Bank is marking ten years of its model successfully enabling progress towards its goal of confronting climate change by mobilizing private investment into the state’s green economy. The Green Bank’s model demonstrates how the smart investment of public funds can mobilize more private investment in the state’s economy. Over the last decade, the Green Bank and its partners have deployed nearly $2.3 billion in capital for clean energy projects across the state. Projects recorded through FY 2020 show that for every $1 of public funds committed by the Green Bank that nearly an additional $8 in private investment occurred in the economy. As a result, Green Bank supported projects have created thousands of jobs in our communities, reduced the energy burden on thousands of families and businesses, avoided millions of tons of greenhouse gas emissions, and facilitated rapid growth in the deployment of clean energy.

Established on July 1, 2011, by Governor Dannel Malloy and the General Assembly, the Connecticut Green Bank was the first of its kind in the United States. While the landscape of the green economy has changed significantly, Connecticut continues to serve as the model for other green banks, as well as proposals on the national level.

After the signing, Bryan Garcia, Gov. Lamont, and Green Bank Chair Lonnie Reed paused to recognize the moment.

“As we mark our 10th anniversary, we are motivated by the leadership and commitment from Governor Lamont and the continued support of the Legislature, demonstrated by the recent expansion of our mission,” said Bryan Garcia, President and CEO of the Connecticut Green Bank. “This is an endorsement of the green bank model, which has successfully invested public resources to mobilize multiples of private capital investment into our green economy over the last decade. Since a similar need exists regarding private investment into modernizing Connecticut’s environmental infrastructure, we look forward to taking on this new role.”

Some recent Connecticut Green Bank program highlights include:

  • More support for commercial businesses and nonprofits. Connecticut’s Commercial Property Assessed Clean Energy (C-PACE) program surpassed $217 million in clean energy investment. This supported more than 345 closed projects and will provide an estimated lifetime energy cost savings of over $300 million.
  • Growing the green bond market for retail investors. In 2019, the Green Bank issued its first rated debt issuance and the first ever solar asset-backed security (ABS) transaction by a green bank. This $38.6 million issuance received two honors at Environmental Finance’s 2020 Bond Awards (winner for Innovation – Green Bond Structure, and winner Asset-Backed or Asset-Based Bond). In 2020, the first issuance of $17 million in Green Liberty Bonds, lower-dollar denomination climate-certified bonds available for retail and institutional buyers, sold out in two days. This issuance earned The Bond Buyer’s Deal of the Year award in the Innovative Financing category. In 2021, a second issuance of $25 million in Bonds also sold out, drawing more than four times as much demand as could be fulfilled from retail investors in Connecticut and across the U.S., as well as institutional investors interested in sustainability investments.
  • Reaching solar parity. In 2012, the Green Bank launched the Residential Solar Investment Program (RSIP) to make rooftop solar installations more affordable by providing Connecticut homeowners with rebates and performance-based incentives (PBI) designed to lower initial out-of-pocket costs, and easy access to affordable capital to finance such installations. In 2015, an observed income disparity in solar adoption was addressed through the creation of special incentives and financing for low- and moderate-income households, which accelerated solar adoption in these communities. Today, Connecticut is known as a “solar with justice” state as solar adoption is at parity for low- and moderate-income (LMI) residents versus non-LMI households and beyond parity for communities of color (i.e., Black and Hispanic families). Overall, RSIP has helped more than 45,700 households to date add solar as the achievement of the statutory target of 350 MW is approached.
  • Helping homeowners reduce energy costs. Through the Smart-E loan and our partnership with local lenders including credit unions and community banks, more than 5,400 households have been able to make energy saving upgrades to their homes, a total investment of nearly $100 million.
  • New office. In late spring 2021, the Green Bank relocated its headquarters from Rocky Hill into the Atlantic Screw Works building in Hartford. Built in 1903, the site is now home to the CT Nonprofit Center as well as the Capewell Lofts Apartments. This new space allows the Green Bank to operate in a building that represents the values of its mission while providing an opportunity to work with the City of Hartford.
  • Enhanced mission. In June 2021, with bipartisan support, Governor Lamont’s House Bill 6441, was passed and will extend the green bank model beyond clean energy to include environmental infrastructure. This increased scope will encompass structures, facilities, systems, services, and improvement projects related to water, waste and recycling, climate adaptation and resiliency, agriculture, land conservation, parks and recreation, and environmental markets such as carbon offsets and ecosystem services. A statutory requirement, the Green Bank will be developing a Comprehensive Plan over the next year to identify how its scope expansion can be supported through the issuance of bonds and accessing federal resources for environmental infrastructure. Watch the signing of this bill during a July 6, 2021, event at Jacob’s Beach in Guilford. 

For more information on Connecticut Green Bank’s programs visit website at

Running Brook Farms Adds Solar System to Power Their Business

Using a Rural Energy for America Program grant and C-PACE financing through the Connecticut Green Bank, the Killingworth business will save on their electricity costs

Hartford, CT (June 21, 2021) – The Connecticut Green Bank and Running Brook Farms in Killingworth are proud to announce the closing of Commercial Property Assessed Clean Energy (C-PACE) financing for the installation of a rooftop solar photovoltaic system at the property at 219 Route 80. The garden center and landscaping business has been in Killingworth for more than 50 years. In addition to a nursery and greenhouses, Running Brook Farms offers a complete range of landscaping services from design to construction. In 2019, Running Brook Farms became one of the first farms in Connecticut to grow hemp for the production of medicinal CBD oil.

“We have chosen to invest in solar technology simply because it is the right thing to do both for our business and the environment. We feel that is our responsibility to adopt more sustainable agricultural practices. In particular given the intense energy demands associated with indoor cannabis production, solar technology should be part of every growers’ sustainability plan!” said Scott Papoosha, owner of Running Brook Farms.

Running Brook Farms in Killingworth

The 47.52 kW solar system will be installed by Waldo Renewable Electric of Old Lyme, a solar contractor using the C-PACE program for the first time. The system is projected to produce energy savings equal to carbon sequestered by 450 tree seedlings grown for 10 years and gross total cost savings of more than $570,000 over the 25-year effective useful life of the panels.

Running Brook Farms was able to secure a Rural Energy for America Program (REAP) grant that covered 25% of the total project cost, with C-PACE financing covering the remainder. The Connecticut Resource Conservation & Development’s CT Farm Energy Program (CFEP) helped Running Brook Farms with one-on-one assistance in applying for the REAP grant. Since 2010 CFEP has assisted with the implementation of over $24 million dollars in energy projects in the state which equates to just under $5 million in REAP grants secured.

“Making farms resilient is more important than ever. Farms are not only stewards of the land but also providers of our food,” said Amanda Fargo-Johnson, CT Farm Energy Program (CFEP) Director. “Assistance from CFEP can help a farm create a sustainable plan for their energy needs, whether through energy efficiency upgrades or generating their own renewable energy. For some farms it’s one project for other farms it may mean multiple projects in phases to help them attain energy resilience.”

This project is also credited as the one that recently propelled Connecticut’s C-PACE program Commercial Property Assessed Clean Energy (C-PACE) program over the $200 million in clean energy investment milestone.

“I’m excited that Running Brook Farms is able to move forward with this solar project, and that they helped the program reach this milestone. Connecticut’s C-PACE program is the most successful in per capita deployment when compared to other state programs,” said Mackey Dykes, Vice President of Financing Programs at the Green Bank. “It takes a strong network of contractors, lenders, and building owners working together towards the goal of reducing building level emissions to make this happen.”

For more information on Running Brook Farms please visit, or for information on their CBD products, visit Information on C-PACE can be found at

Connecticut Green Bank’s July Webinars Focus on Energy Affordability & Environmental Justice

“Promoting the Renewable Energy of Community” webinar series continues

Hartford, CT (June 16, 2021) – The Connecticut Green Bank proudly announces the July webinars in their “Promoting the Renewable Energy of Community” webinar series.

On Thursday, July 8, at 12 pm, the session will be “Energy Affordability: Obstacles & Solutions.” Energy affordability is a pressing issue, consistently affecting household budgets in Connecticut and the region. Join experts in breaking down programs and resources addressing high residential energy costs, obstacles that customers face in accessing solutions, and efforts to improve outcomes in Connecticut, including through empowerment initiatives in disadvantaged communities. Hosted by Green Bank staff, this session will feature Alycia D. Jenkins, Sierra Club Connecticut’s “Ready for 100” campaign organizer, and Stefanie Keohane, who oversees the Clean and Affordable Energy Unit at the Connecticut Public Utilities Regulatory Authority (PURA). To register visit

On Thursday, July 22, at 12 pm, join the Green Bank and special guests for a webinar titled “History of Environmental Justice in America and the Frontlines of Climate Justice Today in Connecticut.” Keynote remarks will be presented by Deeohn Ferris, President of the Institute for Sustainable Communities, on the history of Executive Order 12898 “Federal Actions to Address Environmental Justice in Minority Populations and Low-Income Populations” signed by President Clinton on February 11, 1994. What led our country to that moment? What happened as a result of that executive order? What are the lessons for environmental justice today? Then, Lonnie Reed, Chair of the Green Bank, will moderate a panel, including Representative Geraldo Reyes (75th District – Waterbury), and Brenda Watson (Executive Director of Operation Fuel), to discuss the climate justice issues in Connecticut today. To register, please visit

Information about the webinar series, including recordings of previous sessions, can be found at

Governor Lamont Appoints Adrienne Farrar Houël to Connecticut Green Bank Board of Directors

Farrar Houël brings extensive background in economic and workforce development, environmental justice, innovative green contracting, and local leadership to the Board

Hartford, CT (June 14, 2021) – The Connecticut Green Bank proudly announces Governor Lamont’s appointment of Adrienne Farrar Houël to its Board of Directors. Ms. Farrar Houël is the Founder, President and CEO of the Greater Bridgeport Community Enterprises, Inc. (GBCE). GBCE is a nonprofit community development corporation that creates economic opportunity by developing “triple bottom line” businesses, featuring: environmental sustainability; social good by training and hiring disadvantaged, low-income unemployed residents enabling them to become economically self-sufficient; and economic and community development for distressed urban neighborhoods.

“We are very grateful to Gov. Lamont for appointing Adrienne to our Board,” said Green Bank Board Chairwoman Lonnie Reed. “Adrienne’s unique experience and her innovative efforts to pursue environmental justice, confront climate change, and enhance workforce development bring tremendous real world knowledge to our Board as we strive for a greater positive impact in vulnerable communities.”

Through her leadership with GBCE, which creates jobs for disadvantaged residents and advocates for more green jobs in the Bridgeport area and throughout the State, Ms. Farrar Houël has designed, funded and operated workforce development training programs and created three nonprofit, sustainability enterprises under its umbrella. In June 2012, GBCE opened Park City Green, a mattress deconstruction/materials recycling division. Park City Green employs 18 persons largely from Bridgeport’s Re-Entry community in its growing enterprise, recycling more than 325,000 units since the implementation of the state’s mattress recycling law in mid-2015.

“I’m excited to join the Green Bank’s Board and thank the Governor for this invitation,” said Ms. Farrar Houël. “I look forward to guiding the organization as it fulfills its mission of creating a healthier, more prosperous future for Connecticut residents, especially for those most in need.”

Ms. Farrar Houël has been active in preservation since 2003 to 2018 as a trustee and officer of the CT Trust for Historic Preservation. Also, in the interest of preserving and developing an important African-American historic site in Bridgeport, she joined the founding board of the Mary and Eliza Freeman Foundation for History and Community and still serves to this day. In 2012, GBCE’s Green Team conducted deconstruction classes in the initial phases of preserving the houses’ structures for future re-development.

“It has been an honor working with Adrienne through the Equity and Environmental Justice and Financing and Funding Climate Adaptation and Resilience Working Groups of Governor Lamont’s Council on Climate Change,” said Bryan Garcia, President and CEO of the Green Bank. “She brings incredible experience and passion for workforce development and environmental justice, including her work with the Mary and Eliza Freeman Center, which will all advance the mission of the Green Bank as we focus our efforts into vulnerable communities.”

For the State of Connecticut, Ms. Farrar Houël was Co-Chair of the 2013 Governor’s Task Force on Modernizing Recycling in Connecticut and served on the Green Jobs Committee, a joint committee of CT’s Department of Labor and Department of Energy and Environmental Protection. More recently in 2016-2019, she served on the state’s Energy Efficiency Board named by Commissioner Dykes of the Department of Energy and Environmental Protection and chaired the Residential Sub-Committee of the Board. In 2020, she began service on the Governor’s Climate Change Committee contributing to the policy recommendations for Financing and Funding Climate Adaptation and Resilience through the lens of Environmental Justice.

Ms. Farrar Houël earned her MBA at Harvard Business School and resides in Bridgeport, Connecticut with her husband, Christian.

For more information on GBCE, please visit

Statement on the Passage of House Bill 6441

As we approach our 10th anniversary on July 1, 2021, the Connecticut Green Bank is incredibly excited that Governor Lamont’s House Bill 6441, with bipartisan support, will advance the green bank model that we have pioneered to extend beyond clean energy to now include environmental infrastructure. This increased scope will encompass structures, facilities, systems, services, and improvement projects related to water, waste and recycling, climate adaptation and resiliency, agriculture, land conservation, parks and recreation, and environmental markets such as carbon offsets and ecosystem services.

We extend our gratitude to state policymakers for expanding the Green Bank’s mission to confront climate change beyond the clean energy sector. We want to thank many key parties for their leadership and support of this scope expansion:

  • The Governor’s Office and the Governor’s Council on Climate Change (GC3), for their extensive work and community building on this important topic.
  • The Department of Energy and Environmental Protection, especially Commissioner Katie Dykes and Dr. Rebecca French, Director, Office of Climate Planning, who have been leading a stakeholder and public engagement process to support Connecticut’s efforts to confront climate change.
  • The Office of Policy and Management (OPM), specifically Secretary Melissa McCaw and Claire Coleman, Undersecretary for Legal Affairs, who brought the GC3 proposal into a Governor’s bill on climate change.
  • Senator Christine Cohen and Representative Joseph Gresko for their leadership on the Environment Committee.
  • Leaders of the Banking Committee, who championed a similar proposal in 2019, and the Energy and Technology Committee, who have been steadfast partners in their support for the Green Bank’s mission over the last decade.
  • Many mission-aligned groups in Connecticut, including the Audubon Connecticut, The Nature Conservancy, CT Land Conservation Council, Save the Sound, CT Forest and Park Association, CT Conservation Districts, CT Conference of Municipalities, and the CT Council of Small Towns, who were partners in advocating passage of this legislation.

In addition to the scope expansion, this passage creates an Environmental Infrastructure Fund within the Green Bank; increases bonding terms for clean energy and environmental infrastructure projects; and increases, from 80% to 100%, the amount of financing Green Bank and other non-equity financing sources can provide to projects.

Upon Governor Lamont’s final approval of this legislation, we look forward to building upon our last 10 years of success by implementing this policy and by meeting its promise in helping Connecticut mitigate and adapt to climate change.

Connecticut’s C-PACE Program Surpasses $200 Million in Clean Energy Investment for Commercial & Nonprofit Properties

Rocky Hill, CT (May 11, 2021) – The Connecticut Green Bank has announced that the state’s Commercial Property Assessed Clean Energy (C-PACE) program surpassed $200 million in clean energy investment in local businesses. C-PACE is an innovative program that helps commercial, industrial and multifamily property owners access affordable, long-term financing to make smart energy upgrades to their buildings that can create immediate savings.

According to PACENation, the non-profit industry group that promotes Property Assessed Clean Energy (PACE) financing, Connecticut’s C-PACE program is the most successful in per capita deployment when compared to other state programs.  

“Connecticut’s C-PACE program has achieved yet another significant milestone, having now deployed more than $200 million into commercial and industrial clean energy projects,” said Colin Bishopp, PACENation’s Executive Director. “The state continues to lead at a time when local business owners need access to capital to make their buildings more efficient and their businesses more competitive. These are the types of investments that strengthen our economy.”

This $200 million supported nearly 340 closed projects, which will provide an estimated lifetime energy cost savings of $300 million, and reducing energy usage by over 5 million MMBTUs through efficiency upgrades and renewables, which resulted in over 42 megawatts of installed solar PV capacity. The implementation of these projects also created more than 2,000 direct and indirect job years. The lifetime energy savings of these projects is equal to the home energy use of 88,000 homes, or the avoidance of the use of 86 million gallons of gasoline for automobiles.

“The continued growth of C-PACE, particularly during the unique challenges created by the global COVID-19 pandemic, is a testament to many stakeholders working together to help property owners take advantage of a financing tool that helps them become more energy efficient and save money. With many businesses struggling, finding new ways of reducing expenses and becoming more sustainable was a top priority,” said Bryan Garcia, President and CEO of the Green Bank. “We know that businesses and nonprofits that lower their energy burden are better equipped to face ongoing challenges and help us transition into a greener, more prosperous future.”

For more information on C-PACE, please visit