River Haven Cooperative Upgrades Heating Efficiency, Charge Up CT Buildings Program Delivers Free Electric Vehicle Charger for Residents

Apartment complex will be the first C-PACE project to receive a free EV charging station through Connecticut Green Bank program

Hartford, CT (March 30, 2021) – The Connecticut Green Bank is pleased to announce the closing of Commercial Property Assessed Clean Energy (C-PACE) financing at River Haven Cooperative Apartments in Stamford to replace an existing steam boiler and condensing domestic hot water (DWH) system. The apartment building will also be the first property to receive a free electric vehicle (EV) charging station through the Green Bank’s Charge Up CT Buildings campaign, which provides EV charging stations to properties using C-PACE financing through the Green Bank for a qualifying project. The Green Bank anticipates the installation of the electric vehicle charging equipment will happen this spring.

“The EV charging station provided by Charge Up CT program is a significant additional benefit of working with Green Bank.  The needed new boiler along with the enhancement from the on-demand hot water system is core to our community,” said Paul Goeser, on behalf of the River Haven Board. “As we look to the future, the EV charging station will assist our community as we move forward with electric vehicle choices.”

Built in 1960, the River Haven Cooperative is a six-story brick building with 114 units. The $213,691 in C-PACE financing will be used to replace an existing steam boiler with a new steam boiler and a new condensing domestic hot water (DHW) system. The existing steam boiler serves the space heating as well as DHW requirements at the building in conjunction with a newer second steam boiler. The project involves re-piping the system allowing the steam boilers to only serve the space heating and no longer serve the DHW requirements. The boiler will be installed by Edgerton, Inc. Heating & Air Conditioning in Monroe. After completion, the project is anticipated to save more than $360,000 in cost savings and 20,000 mmBTUs of energy over the 20-year estimated useful life of the equipment.

“Projects like this one are a triple win,” said Mackey Dykes, Vice President of Financing Programs at the Connecticut Green Bank. “The residents win because they are using unique, affordable financing to improve the comfort of their home, while using the Charge Up CT program to add an EV charging station for their cars. We are reducing the carbon footprint of this multifamily building through C-PACE, which is a win for the environment. We also take another step towards cleaner, more reliable transportation.”

The EV charging station will be installed in the River Haven Cooperative’s parking lot, for the exclusive use of residents and their guests. The equipment is manufactured by EVSE LLC, a subsidiary of Control Module that is based in Enfield, Connecticut. Bonner Electric of Uncasville will install the system. The River Haven Cooperative board hopes that the installation of the charger will encourage and enable more residents to own electric vehicles.

The Charge Up CT Buildings campaign was implemented to encourage property owners making energy efficiency upgrades using C-PACE to further modernize their buildings with EV chargers, positioning them to meet the growing demand for charging. The Green Bank hopes to see more properties, including commercial and industrial properties, take advantage of the Charge Up CT Buildings program before the April 30 deadline.

Learn about the special free EV charging station offer at www.chargeupct.com and more about C-PACE at www.cpace.com.

Connecticut Green Bank Presents 2020 Awards

PACEsetters and Smart-E Loan Top Performers recognized for their successful efforts in our communities

                              

Rocky Hill, CT (February 24, 2021) – In recognition of their contributions to the deployment of clean energy and demonstrated leadership in their industries in 2020, the Connecticut Green Bank has announced the honorees of their annual PACEsetter Awards and the Smart-E Loan Top Performers. Since 2012, the Green Bank has supported the creation of more than 23,000 job years and over 50,000 clean energy projects, thanks to our network of contractors, interested home- and building owners, and lending partners.

“Connecticut’s clean energy workforce has been strong and growing since 2015, until the pandemic caused a major setback. While the path to a full recovery will be long, our contractors are safely back to work — creating jobs, combatting climate change, and reducing energy burdens for families and building owners across the state. With this backdrop, we are particularly excited to recognize these projects and contractors that highlight the diverse ways our programs made a difference in our communities in 2020,” said Bryan Garcia, President and CEO of the Green Bank. “From boutique inns, churches, and community centers, to our homes and neighborhoods, clean energy is powering our daily lives and helping us prosper. In the face of a challenging year, these leaders demonstrate that we can create a thriving future in Connecticut.”

PACEsetter Awards Recipients

The Connecticut Green Bank’s PACEsetter Awards acknowledge contractors, building owners and other stakeholders who are advancing the green energy movement through C-PACE, and whose leadership establishes a “pace” for others in their field to follow. The award winners are a driving force behind the success of the Green Bank’s Commercial Property Assessed Clean Energy (C-PACE) program, which has surpassed 330 closed loans and $184 million in total close project financing that are estimated to save $295 million in energy costs. These are the sixth annual PACEsetter Awards. 

C-PACE is an innovative program, administered by the Green Bank, which helps commercial, industrial, and non-profit property owners access affordable, long-term financing for qualifying energy efficiency and renewable energy improvements that are repaid through a voluntary assessment. As the program grows, more Connecticut businesses achieve lower energy costs and increase their bottom-line.

The Green Bank acknowledged both contractors and building owners across multiple categories for their work in 2020:

Outstanding Projects, 2020

Con Edison Solutions and Bridgeport Islamic Community Center, for their 75 kW solar installation at the Community Center, a Purchase Power Agreement repaid through C-PACE, which is producing electricity and helping to reduce costs.

 

Omega Church in New Haven and Complete Building and Mechanicals of Guilford, for their HVAC and lighting project – Complete Building and Mechanicals first C-PACE project – which will help the Church maintain safe, healthy operations year-round.

Marriot Residence Inn in Stamford, for their new construction project which is an outstanding example of the ability of C-PACE to support ground up new construction projects in the hospitality industry. This is also an example of Connecticut’s thriving open market for C-PACE, as Greenworks Lending, an active capital provider, made nearly $6.5 million in financing available to support the Marriot’s plan during COVID-19 and the economic challenges that it created.


West Lane Inn, a boutique 17-room inn in Ridgefield, and Eastern Mechanical Services, Inc. of Danbury, an HVAC contractor serving Fairfield County since 1985, for their project that removed an old oil heating system and replaced with efficient electric heat pumps that harness renewable energy (heat) from the environment, reducing costs and increasing guest comfort. This was the contractor’s first C-PACE project.

 

Marcus Communications, for a first-of-its-kind C-PACE project at their communications tower in Bolton. The solar arrays installed will provide clean and reliable energy power for communication and emergency services to a variety of customers and clients. This is the first time that C-PACE has been used to finance a project at a communications tower in the United States, according to PACENation, a national nonprofit association that advocates for PACE financing.

 

Accelerating PACE, 2020:

Verogy, a commercial solar developer headquartered in Hartford that has integrated C-PACE into their business model and became the first developer to offer their own C-PACE-backed Power Purchase Agreement, demonstrating a transformative approach to the market.

 

Smart-E Loan Top Performers

For 2020, the Green Bank is recognizing 17 Smart-E Loan Top Performers. In 2020, the Top Performers helped over 250 families across Connecticut make home energy improvements – allowing them to save money, reduce their carbon footprint, and live more comfortably in their homes. The Smart-E Loan offers homeowners no money down, low-interest financing for more than 40 qualifying projects that reduce energy use and lower utility costs. Since 2013, the Smart-E loan has enabled more than 4,000 families to make improvements with a projected lifetime energy cost savings over $70 million.

In partnership with nine participating local lenders, the Top Performers’ projects surpassed $4 million in closed Smart-E Loans. Financed projects included insulation and window upgrades, high efficiency heating and cooling solutions, rooftop solar PV, health and safety improvements, and more.

The Smart-E Loan Top Performers were chosen based on criteria including more than just closed loans. These contractors worked hard to integrate the Smart-E loan into their training and marketing, while providing high-level customer service. Despite the challenges created by the pandemic, these contractors were able to continue to increase access to clean energy solutions for homeowners.

The 2020 Top Performers (in alphabetical order; * denotes 2019 Top Performer recognition):

Historic Inn Turns Up the Heat: The West Lane Inn Replaces Old Oil Burning System with Energy Efficient Electric Heat Pumps

Using C-PACE financing through the Connecticut Green Banks, The West Lane Inn takes advantage of immediate energy and monetary savings

Ridgefield, CT (Jan. 27, 2021) – The innkeepers of The West Lane Inn in Ridgefield and the Connecticut Green Bank are pleased to announce the completion of a Commercial Property Assessed Clean Energy (C-PACE) financed energy efficiency project at their inn, located at 22 West Lane. The project replaced an old oil-burning heat system with a new heat pump system designed to handle the heating and cooling needs of the 17-room historic property.

The innkeepers, Christine Carnicelli and Danille Petrie, who purchased the inn in the fall of 2019, are working hard to balance the colonial charm of the 1840s building with the need for modern amenities. As they are making cosmetic changes to the inn, they realized an upgrade was needed on their boiler.

“When guests come to stay at our inn, we want them to have the most relaxing, cozy experience possible. By adding a new heat pump system, we are able to keep rooms comfortable all year long,” said Christine. “The new system is also more energy efficient, and better for the environment, which fits with Ridgefield’s country surroundings.”

Eastern Mechanical Services, Inc. of Danbury, an HVAC contractor serving Fairfield County since 1985, installed the new equipment. The balance of the project cost, after utility incentives and owner equity, will be paid off over 10 years through the C-PACE assessment. This allows the owners to reap the energy saving benefits immediately while paying for the improvement over time. While the heat pumps will increase electricity usage, the system is replacing a more expensive oil system, which creates an overall energy cost savings that could exceed the project cost over the estimated useful life of the new equipment.

The new in-room units are much smaller (and more efficient) than the previous units.

“We are always excited when a new type of property, in this case a boutique inn, takes advantage of C-PACE to improve their energy efficiency. This is also a great example of progress toward the State’s goal of electrifying buildings,” said Mackey Dykes, Vice President of Financing Programs at the Connecticut Green Bank. “Commercial properties of all sizes should look at their HVAC systems for opportunities to unlock savings.”

While COVID-19 created new challenges for the innkeepers in 2020, they are hopeful about the future.

“We know that people are anxious to start travelling again and enjoying communities like Ridgefield. Our inn is ready to accommodate their stays and their events, especially in warmer months,” said Danille. “Our new heat pumps also provide air conditioning!”

Learn more about the West Lane Inn at https://westlaneinn.com/.  Learn more about the C-PACE program at www.cpace.com.

About the Connecticut Green Bank

The Connecticut Green Bank was established by the Connecticut General Assembly in 2011 as the nation’s first green bank. The Green Bank’s mission is to confront climate change and provide all of society a healthier, more prosperous future by increasing and accelerating the flow of private capital into markets that energize the green economy. This is accomplished by leveraging limited public resources to scale-up and mobilize private capital investment into Connecticut. In 2017, the Connecticut Green Bank received the Innovations in American Government Award from the Harvard Kennedy School Ash Center for Democratic Governance and innovation for their “Sparking the Green Bank Movement” entry. For more information about the Connecticut Green Bank, please visit www.ctgreenbank.com

 About the West Lane Inn

The West Lane Inn, built in 1849, combines the charm of an intimate country inn with many conveniences of a hotel. For those seeking a special getaway, we are situated in the historic district of Ridgefield, CT, one of New England’s most scenic colonial towns. With 17 beautifully appointed rooms, guests may choose from three different room layouts all with charming decor and private bath.

Deadline Extended on Program Offering Free EV Charging Stations to Commercial Properties Using C-PACE Financing for Efficiency Projects

Charge Up CT Buildings campaign pairs growing EV demand with need for property efficiency

Rocky Hill, Conn. (December 16, 2020) – The Connecticut Green Bank announces a deadline extension on its Charge Up CT Buildings program, an initiative that offers free electric vehicle (EV) charging stations to commercial property owners who use Connecticut Green Bank C-PACE financing. The new deadline is April 30, 2021. Originally launched in January 2020, the initiative was put on hold in March due to COVID-19 restrictions and restarted in September.  With dozens of inquiries already submitted, the Green Bank anticipates many other property owners will express interest in the coming months.

C-PACE (Commercial Property Assessed Clean Energy) is an innovative financing tool that provides building owners with access to 100% financing for energy improvements, realize positive cash flow immediately, and create more comfortable, efficient buildings. C-PACE can also support building owners in reducing operating expenses and increasing cash flow, providing a vital lifeline to help businesses get through tough economic times. Plus, the Green Bank is currently offering flexible payment options for new borrowers that let them choose to defer or pay interest-only on initial payments, offering borrowers ways to improve their building and save energy while freeing up cash and receiving immediate financial relief.

The addition of free EV charging equipment means property owners leveraging C-PACE won’t just be using the clean energy financing mechanism as a tool to improve their financial position in the near term, but also to modernize their buildings and position them more competitively in the future. Whether building tenants are commercial or residential, as the EV market continues to grow, properties with charging stations can lead the way.

To qualify for a free EV charging station, energy saving projects must utilize at least $150,000 in Green Bank C-PACE financing with at least 20% of the total project costs going toward non-renewable measures. Larger projects may be eligible to receive up to three electric vehicle charging stations. Connecticut Green Bank’s C-PACE team will work with building owners to determine if their project is eligible for the C-PACE program and Charge Up CT Buildings incentive. 

For more information about the initiative, please visit https://chargeupctbuildings.com/  or call 866-324-0099.

Communications Tower in Bolton First Known in U.S. to Use C-PACE Financing to Install Solar Array

Environmentally-conscious tower owner Marcus Communications will benefit from significant energy savings

Rocky Hill, CT (Dec. 14, 2020) – The Connecticut Green Bank is pleased to announce the closing of Commercial Property Assessed Clean Energy (C-PACE) financing for the installation of a ground-mounted solar photovoltaic (PV) system at a 450-foot telecommunications tower owned by Marcus Communications LLC. Located in Bolton, the tower and support equipment provide communication services, including emergency services, to a wide array of customers and clients. This is the first time that C-PACE has been used to finance a project at a communications tower in the United States, according to PACENation, a national nonprofit association that advocates for PACE financing

“As the first use of PACE on a communications tower, this innovative project is a model for how PACE can be used to increase the sustainability of our critical infrastructure. We applaud the work of the Green Bank in completing this project and look forward to seeing more deals like this one,” said Colin Bishopp, Executive Director of PACENation.

The tower was originally constructed in 1995 and extended in 2005, going from a 300-ft to 450-ft, to become the tallest tower in Eastern Connecticut. In recent years, leaders at Marcus Communications have begun an initiative at their office to minimize the company’s impact on the environment through improvements such as installing energy efficient lighting, solar panels, heating and cooling systems, and by providing free electric vehicle charging to employees, vendors and customers.

“We continue to be proactive in our efforts to be environmentally responsible and actively pursue solutions and enhancements that support that vision,” said Bruce Marcus, CTO, Marcus Communications LLC. “This solar project is a great example. We are proud of the work we are doing to move the world towards renewable energy.”

The 76 kW-AC solar PV system will be installed by Marcus Communications with guidance from Harness the Sun LLC of Lebanon. The project is estimated to save the company more than $740,000, over the 25-year effective useful life of the panels. The total project cost is approximately $250,000.

“It’s exciting to see new types of properties taking advantage of C-PACE financing to improve their energy efficiency or add renewables,” said Mackey Dykes, Vice President of Financing Programs at the Connecticut Green Bank. “We hope that other communications companies follow the example that the team at Marcus has set.”

To see a video of the installation, please visit https://youtu.be/AXQT–XNxec

About the Connecticut Green Bank

The Connecticut Green Bank was established by the Connecticut General Assembly in 2011 as the nation’s first green bank. The Green Bank’s mission is to confront climate change and provide all of society a healthier, more prosperous future by increasing and accelerating the flow of private capital into markets that energize the green economy. This is accomplished by leveraging limited public resources to scale-up and mobilize private capital investment into Connecticut. In 2017, the Connecticut Green Bank received the Innovations in American Government Award from the Harvard Kennedy School Ash Center for Democratic Governance and innovation for their “Sparking the Green Bank Movement” entry. For more information about the Connecticut Green Bank, please visit www.ctgreenbank.com

About Marcus Communications

Marcus Communications was founded in 1969 in Connecticut by owner, CTO, and LMR industry innovator Bruce Marcus. While the technology from 1969 to today has changed completely, our core mission remains the same. We manage your communications with an innovative array of technical solutions. Over the years, we’ve helped thousands of customers achieve better safety and efficiency by supercharging their communications. When you choose Marcus, you’re not choosing just any communications company. Your choosing the premiere leader in communications. Your choosing a company that hires veterans and gives back to the community, supporting events like the Hartford Marathon or the Special Olympics. You’re choosing the leaders who work tirelessly to research and develop cutting-edge solutions for its customers. To learn more, please visit https://www.marcuscommunications.com/.

Industrial Space at 75 Crystal Avenue Adds Solar Power

Energy savings, environmental commitment motivate property owner to use C-PACE financing

New London, Conn. (Sept. 29, 2020) – Thames River Properties LLC is pleased to announced the installation of a solar photovoltaic (PV) system on the roof of their 75 Crystal Avenue, New London, property using Commercial Property Assessed Clean Energy (C-PACE) financing through the Connecticut Green Bank. Originally erected in 1965, the 35,000 square foot single story building primarily serves as rental space for industrial and commercial tenants.

“We are very much looking forward to the savings that we expect to make due to this installation,” said John Johnson, principal of Thames River Properties. “Working with Advanced Energy Efficiencies, we created a great clean energy project. Our tenants will benefit almost as much as the owner of the building. Installing roof-top solar energy panels demonstrates to our community and tenants our environmental commitment for clean, efficient energy. The Green Bank has been most helpful in this process, and we thank them for their cooperation.”

The 69.9 kilowatt (kw) system will be installed by JD Solar Solutions of Glastonbury. Over the 25-year estimated useful life of the solar panels, the installation is projected to provide more than $500,000 in electricity cost savings.

This is the second property at which Thames River’s management has used C-PACE financing through the Green Bank to install a solar system. In 2015, a solar system at Quiambaug Cove Professional Center, 107 Wilcox Road, Stonington, which provides office space for wellness, healthcare, and law practitioners, was financed using C-PACE.

C-PACE allows property owners to install energy efficiency upgrades or renewables on their buildings without upfront costs using financing that is repaid through the town’s property tax billing system as a benefit assessment akin to a water or sewer assessment. Through C-PACE, energy savings projections help building owners to feel confident that expected savings should exceed their investment and result in positive cashflow.

“The Green’s Bank C-PACE program has financed 10 projects at diverse properties in New London, including car and motorcycle dealerships, a restaurant, office buildings and now a manufacturing space,” said Mackey Dykes, Vice President of Financing Programs at the Green Bank. “It’s great to see building owners realizing the savings potential in renewable energy and energy efficiency upgrades, and moving forward with these projects that immediately have a positive impact on the bottom line.”

Other building owners looking to finance energy efficiency upgrades or add solar should visit www.cpace.com to learn more.

Free EV Charging Stations for Commercial Properties Financing Efficiency Projects through C-PACE

Charge Up CT Buildings campaign pairs growing EV demand with need for property efficiency

 Rocky Hill, Conn. (September 15, 2020) – The Connecticut Green Bank is pleased to announce the relaunch of its Charge Up CT Buildings program, an initiative originally launched in January that offers free electric vehicle (EV) charging stations to commercial property owners who use Connecticut Green Bank C-PACE financing . The initiative was put on hold in March due to COVID-19 restrictions.

C-PACE (Commercial Property Assessed Clean Energy) is an innovative financing tool that provides building owners with access to 100% financing for energy improvements, realize positive cash flow immediately, and create more comfortable, efficient buildings. C-PACE can also support building owners in reducing operating expenses and increasing cash flow, providing a vital lifeline to help businesses get through tough economic times. Plus, the Green Bank is currently offering flexible payment options for new borrowers that let them choose to defer or pay interest-only on initial payments, offering borrowers ways to improve their building and save energy while freeing up cash and receiving immediate financial relief.

“The Green Bank is enabling building owners to take control of their energy costs and save money by using C-PACE, which could provide many borrowers the breathing room they need while the economy recovers and things get back to ‘normal,’” said Mackey Dykes, Vice President, Financing Programs at Connecticut Green Bank. “But with C-PACE and Charge Up CT Buildings, we’re also helping borrowers to position their properties and businesses – and our community – for future success, and a better, new ‘normal.’ Borrowers will not only make their buildings more modern and attractive, but their customers, tenants, and employees will be able to charge up and enjoy the benefits of electric vehicles.”

The addition of free EV charging equipment means property owners leveraging C-PACE won’t just be using the clean energy financing mechanism as a tool to improve their financial position in the near term, but also to modernize their buildings and position them more competitively in the future. Whether building tenants are commercial or residential, as the EV market continues to grow, properties with charging stations can lead the way.

To qualify for a free EV charging station, energy saving projects must utilize at least $150,000 in Green Bank C-PACE financing with at least 20% of the total project costs going toward non-renewable measures. Larger projects may be eligible to receive up to three electric vehicle charging stations. Connecticut Green Bank’s C-PACE team will work with building owners to determine if their project is eligible for the C-PACE program and Charge Up CT Buildings incentive. 

Property owners will now have until December 18, 2020 to apply for C-PACE financing in order to be eligible for this limited time promotion. Property owners are encouraged to contact the Green Bank early to start the application process.

For more information about the initiative, please visit chargeupct.com or call 866-324-0099.

Connecticut Green Bank Offering New Flexible Payment Options for Commercial Energy Upgrade Loans

Rocky Hill (July 23, 2020) – The Connecticut Green Bank is offering flexible repayment options to new borrowers who use its Commercial Property Assessed Clean Energy (C-PACE) financing to make energy saving improvements. C-PACE is an innovative program which helps commercial, industrial, and non-profit property owners access affordable, long-term financing for qualifying energy efficiency and renewable energy upgrades. The projects are repaid through a voluntary assessment on the building owner’s property tax bill.

The Green Bank has designed these new repayment options in order to provide relief to property owners impacted by COVID-19. The repayment options will provide borrowers with immediate increased cashflow by significantly reducing operating expenses in the near term and deferring all or a portion of payments until later. Building owners will also enjoy the long-term benefits of energy efficiency or renewable energy projects (like HVAC improvements or solar PV). The

Green Bank also hopes that these options will support its contractor community, which has been significantly impacted by COVID-19, in generating more leads and completing more projects.

New borrowers will have the option of:

  • Deferring their first two payments on a new C-PACE assessment.
  • Making interest only payments for up to three years on a new C-PACE assessment.

With businesses facing unprecedented challenge and tighter margins, this increased cash flow could provide significant relief for businesses, who will also enjoy the long-term benefits of C-PACE (including a more modern, efficient and cost-effective building) once their position has improved.

The Green Bank’s programs support job growth and economic development in Connecticut while also benefiting families, businesses and the State as a whole. The Green Bank believes that by investing in the green economy, we can not only get Connecticut “back to normal,” but we can build cleaner, greener and more resilient communities where businesses and people flourish. Together, we can create a better more prosperous future for Connecticut.

For more information, please visit: www.cpace.com/offer

Sweet Sunlight: Solar Energy to Power DiMare Pastry Shop

Using financing from Connecticut Green Bank’s C-PACE program helps Stamford family business save money

Stamford, Conn. (July 20, 2020) – The DiMare Pastry Shop in Stamford is known for bringing sunshine into customers’ daily lives and special moments through their baked goods, cakes and cookies. Now, the family-owned and operated business will power its 12 Largo Drive South location thanks to a solar photovoltaic (PV) system on their roof.

DiMare Pastry celebrated their 44th year in business in May 2020. Photo courtesy of their Facebook page

Started by Ugo and Bice DiMare in 1976, DiMare Pastry expanded to a second Stamford location in 1997. Three generations, including Ugo and Bice’s daughters Maria and Sabrina and granddaughter Brittany, now keep the two shops running.

“We’ve spent over 40 years as a family baking delicious treats for our community and making customers happy,” said Maria DiMare. “Going green with our new solar system takes some of the pressure off our business by giving us lower energy costs. We’re proud to be doing the right thing for the environment too. We want to keep baking, delighting our customers and continuing on as a long-standing partner with the towns we serve.”

“Going solar is sweet! We’re saving money, helping the environment and I think our customers appreciate how we’re leading the way into the future with our new solar system,” said Sabrina.

The 75.8 kW solar PV system was financed through the Connecticut Green Bank’s innovative Commercial Property Assessed Clean Energy (C-PACE) program, which allows property owners to take advantage of energy upgrades immediately and pay for them over time alongside their property taxes. The solar PV system is estimated to save the business more than $20,000 a year on their electricity costs. The system was installed by 64Solar.

Drone image from 64Solar

“We are proud to see a great family business like DiMare Pastry using C-PACE to go solar,” said Mackey Dykes, Vice President of Financing Programs at the Connecticut Green Bank. “Energy efficiency and renewable energy can provide many opportunities for small businesses, the backbone of our communities, to save money and help the environment. Financing these types of projects with C-PACE gives small business owners more control over their energy costs by both lowering and making them more predictable. With businesses looking more carefully at their operating expenses, additional cash flow from reduced energy costs can mean that they can focus on their core work, their employees and serving their communities.”

“We are thrilled to help DiMare Bakery go green and realize significant savings on their electricity expenses,” said James Patenaude, Director of Sales Management for 64Solar. “Working with the Connecticut Green Bank with C-PACE financing has allowed for a smooth process and will bring solar to DiMare with no initial investment required! Smart building owners are seeing the advantages of using solar energy paired with C-PACE financing to achieve their clean energy goals.”

DiMare, which remained opened throughout the COVID-19 pandemic, has been delivering donations to frontline workers at Stamford Hospital throughout the health crisis.

To learn more about DiMare Pastry, please visit their website at http://www.dimarepastry.com/.  For information on C-PACE, please visit www.cpace.com.

About 64Solar

64Solar is a provider of comprehensive solar energy solutions. Our team manages each phase of the project – designing, developing, engineering, financing, and installing, as well as operating and maintaining. 64Solar develops and structures both utility size installations as well as Commercial & Industrial (C&I) Rooftop installations, reducing the dependency on foreign energy and fossil fuels while working towards a healthier environment for our communities. For more about 64Solar, please visit www.64solar.com.

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C-PACE Program Announces Quarter One 2020 Stats

Connecticut’s C-PACE (Commercial Property Assessed Clean Energy) program continues to be successful thanks to pacesetters, the building owners, contractors, municipalities, and other stakeholders who use this innovative financing structure to make energy improvements.

In Quarter 1 of 2020, the program reached 308 total funded projects in Connecticut, and the total amount of project financing has surpassed $164 million. Building owners are continuing to find that C-PACE is an innovative way to make money-saving clean energy projects viable at their properties.

With 134 cities and towns participating in the program, building owners across the state can access C-PACE financing for projects from small to large, with the average project size cost above $500,000. Any upgrade that reduces energy costs or produces renewable energy, like solar photovoltaic systems, can qualify for C-PACE.

To learn more about how C-PACE can help your building, please visit www.cpace.com.  To see more Quarter 1 stats, go to https://www.cpace.com/quarterly