Connecticut Green Bank Presents 2021 Awards

Top performing commercial and residential green energy contractors and other stakeholders recognized for their contributions to our communities

Hartford, CT (March 28, 2022) – In recognition of their contributions to the deployment of clean energy and demonstrated leadership in their industries in 2021, the Connecticut Green Bank has announced the honorees of their seventh annual awards. The awards recognize key partners in the dedicated network of contractors, developers, lending partners, community leaders and home- and building-owners who have supported the Green Bank in the creation of more than 25,600 job years and over 60,000 clean energy projects since 2012. The 2021 awards recognize 27 contractors who are offering Green Bank’s Home Solutions or Building Solutions programs and are performing at a high level and developing outstanding projects, as well as recognizing other Green Bank partners.

“Each year, selecting contractors and projects to award is a challenge because there are so many people and organizations forging the way to a thriving clean energy future in our state,” said Bryan Garcia, President and CEO of the Green Bank. “While all industries have faced challenges due to the global pandemic, Connecticut’s clean energy economy has proven more resilient than that of other states in the region and the nation overall. This is thanks to the continued collaboration between state leaders and agencies, our utility partners, and the contractors, lenders and residents and building owners who understand the benefits of combatting climate change and reducing energy burdens.”

Here are the award recipients for 2021:

Building Solutions

2021 – C-PACE Outstanding Project

Redevelopment project at One Park Road in West Hartford. This project is an outstanding example of the ability of Commercial Property Assessed Clean Energy (C-PACE) financing to support the redevelopment of historic properties. This $70 million project received $13.7 million in C-PACE financing from CastleGreen Finance, LLC (a C-PACE capital provider and an affiliate of X-Caliber Capital), supporting the conversion of a 135-year-old convent to a 292-unit multi-family housing complex, allowing the Sisters of St. Joseph of Chambéry to remain in their home. The project, developed by Lex-Laz West Hartford, LLC, an affiliate of Lexington Partners LLC, was also made possible by Martin Kenny and Alan Lazowski, the Town of West Hartford and Liberty Bank. The project is the largest C-PACE project closed in the State of Connecticut to date.

2021 – Solar PPA Outstanding Project

Solar installation at Ridgefield High School. The Green Bank honors Con Edison Solutions and the Ridgefield Board of Education for their 319.95 kW solar installation at Ridgefield High School. The solar system was installed through a Power Purchase Agreement (PPA) which is producing electricity and is estimated to help Ridgefield achieve more than $450,000 in savings over the 20 year-term.  This is the fourth project the Town of Ridgefield has developed in partnership with the Green Bank.

Home Solutions

2021 – Residential Solar Investment Program – Top Newcomer – Green Power Energy

In only their second year in the Residential Solar Investment Program (RSIP), Green Power Energy installed more than 1 megawatt (MW) of solar PV systems in 2021 through the program. Since entering the state’s residential market in 2020, they have quickly grown into one of the highest volume residential solar PV contractors in Connecticut. Green Power Energy recently opened a Connecticut location in Durham with a staff of 15. Since 2020, Green Power Energy has installed a total of 212 projects for 2.5 MW of capacity.

2021 – Residential Solar Investment Program – Top Local Performer – Earthlight

Connecticut-based installer Earthlight had more than a MW of solar PV approved in 2021 through the RSIP. With 2.4 MW, Ellington-based Earthlight has demonstrated that local installers are continuing to grow their business with residential solar. Earthlight has participated in the RSIP since 2013 and has grown into one of Connecticut’s largest local installers of residential solar PV. Since 2013, Earthlight has installed a total of 1,380 projects for 13.6 MW of capacity.

2021 – Smart-E Loan – Top Performers

For 2021, the Green Bank is recognizing 24 Smart-E Loan Top Performers. In 2021, the Top Performers helped over 450 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 6,000 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 $91 million in closed Smart-E Loans. Financed projects included insulation and window upgrades, high efficiency heating and cooling solutions, rooftop solar PV and battery storage systems, health and safety improvements, and more.

The 2021 Top Performers (in alphabetical order; * denotes 2020 Top Performer recognition):

  • 20/20 Air Mechanical (New Milford)
  • Absolute Air Services LLC (Portland)*
  • Advanced Heating and Air Conditioning (South Windsor)
  • Aiello Home Services LLC (Windsor Locks)
  • Benvenuti Oil (Waterford)*
  • Busy Bee Services (Burlington)
  • Campbell Cooling LLC (Newington)
  • Celco Heating and Air Conditioning (Bridgeport)
  • Deitch Energy LLC (Hartford)
  • Ductworks HVAC Services (Southington)
  • Energy Unlimited, LLC (Bolton)*
  • Glasco Heating & Air Conditioning Inc. (South Windsor)*
  • Highland Window Co. (West Hartford)*
  • Home Comfort Heating and Cooling Solutions, LLC (East Haven)*
  • Homestead Fuel, Inc. (Ellington)*
  • Link Mechanical Services Inc. (New Britain)*
  • Nutmeg Mechanical Services, Inc. (Manchester)*
  • Omni Mechanical Services (South Windsor)
  • R&W Heating Energy Solutions LLC (Salem)*
  • Ralph Mann & Sons Inc. (Ansonia)*
  • Ryan F. Murphy Heating & Cooling LLC (New Milford)*
  • Service Stars (Danbury)
  • SolvIt, Inc. (Plainville)*
  • Viglione Heating & Cooling Inc. (East Haven)*

Connecticut Green Bank surpasses $2 billion in total investment into state’s green economy

Fiscal year 2021 annual report highlights 10 years of cumulative success of nation’s first green bank

 

Hartford, CT (Feb. 14, 2022) – In fiscal year 2021, the Connecticut Green Bank exceeded $2 billion of cumulative investment in the state’s green economy, according to the Green Bank’s recently released annual report. Since July 2011, the Green Bank has mobilized $288.4 million in public dollars to attract $1.85 billion in private investment, a leverage ratio of $7.40 for every $1.

The Green Bank measures the impact of the deployment of renewable energy and energy efficiency to families, businesses, and communities in terms of economic development, environmental protection, equity, and energy (E4 metrics). These statistics can be found on page two of the annual report.

“Our annual report, as well as our annual Comprehensive Financial Report, provides us with an opportunity to share our accomplishments and progress towards achieving our E4 metrics’ goals while demonstrating our commitment to transparency. We develop and promote these reports so that our elected officials, investors, Connecticut residents and businesses, industry leaders, and other key stakeholders can see the positive impact Connecticut’s green bank is making in our communities,” said Bryan Garcia, President and CEO of the Green Bank.

Some highlights of the fiscal year 2021 include:

  • The Residential Solar Investment Program (RSIP) surpassed its public policy target of 350 megawatts of solar deployment one year ahead of schedule, with $1.33 billion of investment and more than 43,000 homes adding solar. The program has ensured equitable access for low-to-moderate income families, making Connecticut a “solar with justice” state.
  • A second successful issuance of Green Liberty Bonds sold nearly $25 million of bonds to retail and institutional investors in the two-day period, with almost $100 million in demand, in April 2021.
  • The Smart-E Loan, which allows homeowners to finance energy upgrades improvements through a network of local community banks and credit unions, surpassed $100 million of investment.
  • The State’s Commercial Property Assessed Clean Energy (C-PACE) program exceeded $200 million of total investment across more than 348 energy efficiency and renewable energy projects.
  • More than $100 million of investment to deploy solar on nearly 200 commercial and industrial buildings, including state and municipal facilities and nonprofit organizations.

To access the FY21 report, please visit https://www.ctgreenbank.com/fy21-annual-report/ and watch our short videos on our progress on investment, environmental impact and economic impact.

 

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 https://westvilleseafood.com/index.php.
For more information on C-PACE please visit www.cpace.com.

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 https://www.ctgreenbank.com/about-us/open-rfps/.

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 https://runningbrookfarms.com/, or for information on their CBD products, visit https://runningbrookhempco.com/. Information on C-PACE can be found at www.cpace.com.

New Berkeley Lab Study Analyzes Success of Connecticut Green Bank Program

New study finds green bank program successfully reaches underserved communities

Finds delinquency and annualized losses of green bank financing program are next to zero

 

WASHINGTON (May 6, 2021) — The Electricity Markets & Policy Group at Berkeley Lab with support from the Department of Energy’s Solar Energy Technologies Office this week released a study on the Connecticut Green Bank and its solar leasing program in partnership with PosiGen.

“We show that this program has successfully reached underserved customers and has reasonable repayment rates given the credit characteristics of the participants,” said the research group at Berkeley Lab. “The Green Bank/PosiGen program reaches many more underserved customers than other PV financing programs in Connecticut.”

The Connecticut Green Bank was established in 2011 and has since deployed over $2.2 billion in capital for clean energy projects across the state. Projects recorded through 2020 show that for every $1 of public funds committed by the Green Bank that an additional $7.50 in private investment occurred in the economy.

This program by the Connecticut Green Bank targets underserved low- and moderate-income households to install solar.  These homeowners would typically be rejected by traditional solar financing.  Since its launch in 2015 the program has seen the installation of 26.4 MW of solar capacity to more than 4000 households.  The Green Bank estimates these individuals saved $500/year on average on their electricity bills from this solar and the included efficiency measures.

Green banks currently exist in more than 14 cities and states across the country and have supported nearly $7 billion in investment in clean energy projects in their states and local communities, and much of this investment has been targeted toward low- and moderate-income households and communities. View a list of projects that have been supported by already existing state and local green banks.

 

 

Barker Specialty, Premium Promotional Product Provider, Goes Solar

Barker Specialty in Cheshire brings solar to 55 Realty Drive property through C-PACE financing

 

Hartford, CT (May 5, 2021) – The Connecticut Green Bank proudly announces that 55 Realty Drive in Cheshire has closed on Commercial Property Assessed Clean Energy (C-PACE) financing for the installation of a rooftop solar photovoltaic system. The 26,458-square foot office building is owned by sibling partners Amy, Gerald, Adrienne and Steven Barker, and is home to six tenants, including Barker Specialty Advertising Co. Inc.

“Barker Specialty is committed to help build a sustainable future for our community and planet. We mitigate our carbon footprint through environmentally conscious actions, and partner with suppliers who responsibly source products and materials,” said Gerry Barker, President of Barker Specialty. “Adding solar to our property helps us take another step to our goals.”

The 102.4 kW solar system will be installed by Verogy, a solar developer headquartered in Hartford. The system is projected to produce energy savings equal to the energy used by 212 homes in a year and gross total cost savings of more than $730,000 over the 25-year effective useful life of the panels.

“To reach our goal of continuous reduction of our carbon footprint, we have looked inward to what we could control through business operations and culture. This project is a giant leap towards showing how our buildings can also be a part of the solution,” said Jane Leukart, Director of Sustainability at Barker Specialty.

Barker Specialty has been the one-stop source for all promotional and marketing needs for over 70 years. Barker is a service oriented, innovative promotional marketing agency, specializing in promotional products, logoed merchandise, apparel, premium gifts, awards, tradeshow displays and signage.

“We are always excited to see businesses using C-PACE financing to advance their sustainability plans,” said Mackey Dykes, Vice President of Financing Programs at the Green Bank. “The installation of solar systems is a great way to reduce costs and improve the environmental footprint of a building.”

For more information on C-PACE please visit www.cpace.com.

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Green Liberty Bonds $25 Million Second Issuance Sells Out

Connecticut Green Bank’s lower-dollar denomination bond received strong support from individual buyers in Connecticut and across the country as well as from institutional buyers

 

Hartford, CT (April 23, 2021) – In celebration of the 51st Earth Day, the Connecticut Green Bank issued its second Green Liberty Bonds to retail and institutional investors, and sold out of nearly $25 million in bonds over two days. This builds upon a successful, award-winning 2020 issuance which sold nearly $17 million of bonds last July. With nearly $100 million in orders, demand this year was again greater than the supply of bonds could satisfy, showing the high-level of interest in supporting investment to confront climate change in Connecticut.

Retail investors were given priority during a one-day retail order period on Wednesday, April 21. Total retail orders received during this order period surpassed $20 million. With first priority given to Connecticut citizen investors, their orders for nearly $12 million of bonds were filled before approximately $9 million from national orders.  Institutional orders topped $77 million.

“The demand for the Earth Day 2021 issuance of the Green Liberty Bonds was so strong, that we had nearly four times as much demand as we had available. We saw incredible demand from retail investors in Connecticut and across the country, and enthusiastic institutional investors seeking to invest in confronting climate change in Connecticut,” said Bryan Garcia, President and CEO of the Green Bank.

Individuals accounted for 57% of the retail orders with the balance from professionally managed retail accounts such as private wealth managers and bank trusts.

Institutional investors were able to place orders on April 22, and there was strong interest from a variety of traditional municipal investors and Environmental, Social, and Governance (ESG) investors attracted by the issuance’s strong climate bonds certification standards. The overall interest cost dropped to 2.42% from the 2.61% achieved for the inaugural bonds issued last July, notwithstanding a significant rise in longer term interest rates.

“In two years, the Green Bank has issued more than $80 million in verified climate bonds to support residential solar PV and energy efficiency in Connecticut. The overwhelming response by investors to our latest bond offering as well as the pricing achieved signifies broad acceptance of the Connecticut Green Bank as an issuer,” noted Bert Hunter, the Green Bank’s Chief Investment Officer.

The use of proceeds from this issuance supports incentives for nearly 7,000 households and 60 megawatts of residential solar photovoltaic systems, totaling nearly $220 million of investment in projects in 165 cities and towns across the state, which created over 2,100 jobs.

The Green Liberty Bonds were created in honor of the 50th anniversary of Earth Day – a type of green bond whose proceeds are used to invest in projects that confront climate change in Connecticut. Modelled after the Series-E War Bonds of the 1940s, the bonds must be able to be purchased by everyday citizens through lower-dollar denominations (no more than $1,000), enabling them to invest in green projects in their community and to save for the planet.

To offer the Green Liberty Bonds, the Green Bank worked with Stifel, Nicolaus & Company, Inc. as lead underwriter, Ramirez & Co., Inc. as co-underwriter, Shipman & Goodwin LLP as bond counsel, Lamont Financial Services Corporation as financial advisor, and Bank of New York Mellon Trust Company, N.A. as trustee. The Green Liberty Bonds, state supported using a special capital reserve fund, received an A rating from Standard and Poor’s. They were labeled as “Certified Climate Bonds” by the Climate Bonds Initiative, and compliance of the bond’s issuance with the Climate Bonds Standards was verified by Kestrel Verifiers. Support from the staffs of the Office of the State Treasurer and of the Office of Policy and Management was also instrumental.

“The Green Liberty Bonds were a huge success with the investor community. Investors liked the credit and were also attracted by the opportunity to invest in Certified Climate Bonds,” said Eric McKean, Managing Director of Stifel.

Encouraged by these first two issuances, the Green Bank anticipates offering Green Liberty Bonds annually around Earth Day. To stay informed about future issuances, please sign up for notifications at www.greenlibertybonds.com.

 

 

Disclaimer

This press release does not constitute a recommendation or an offer or solicitation for the purchase or sale of any security or other financial instrument, including Green Liberty Bonds, or to adopt any investment strategy. Any offer or solicitation with respect to Green Liberty Bonds will be made solely by means of the Preliminary Official Statement and Official Statement, which will describe the actual terms and conditions of the Green Liberty Bonds. The information provided is subject in all respects to the information presented in the complete Preliminary Official Statement prepared in connection with Green Liberty Bonds. Any investment decisions regarding any of the Green Liberty Bonds should only be made after a careful review of the complete Preliminary Official Statement.

 

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Solar MAP Guides Municipalities Through Solar Procurement Process for Public Buildings

Manchester, Mansfield, Portland, and Woodbridge are first to use Connecticut Green Bank Solar Marketplace Assistance Program

 

Rocky Hill, CT (March 9, 2021) – The Connecticut Green Bank is pleased to announce that Manchester, Mansfield, Portland, and Woodbridge are the first municipalities to take advantage of its Solar Marketplace Assistance Program, or Solar MAP. Solar MAP helps towns and cities navigate the process of going solar, more easily accessing renewable energy and achieving energy savings in their buildings. The process is allowing these towns to realize all the cost-saving benefits of going solar while receiving support in every step of the process, from identifying viable sites to soliciting installation services and arranging financing. In total, 14 solar system installations will be completed in these municipalities, accounting for 3.2 megawatts of energy generation, with $3.6 million in estimated total savings.

“We understand that the process of going solar can be challenging for municipal leaders and volunteers, so we designed Solar MAP to reduce obstacles for motivated towns and cities,” said Mackey Dykes, Vice President of Financing Programs. “We are excited to move forward with these municipalities, delivering cost savings when they need them most while also reducing their impact on the environment. We are eager to support more communities and are actively seeking participants for our next round of Solar MAP.”

To complete the installation of these solar systems, the Green Bank selected Greenskies Clean Energy, a national solar developer with headquarters in North Haven, as the winner of a competitive bid process. By aggregating multiple solar PV systems across participating municipalities in its solicitation for solar developers, the Green Bank was able to achieve competitive pricing through economies of scale, realizing even greater savings for the municipalities.

“Thanks to Solar MAP, we had the opportunity to bid on projects that may have never been developed otherwise. We are delighted to partner with the Green Bank and proud to work with these municipal leaders across the state to add more solar to the grid,” commented Stanley Chin, Greenskies president and CEO.

To support Solar MAP, the Green Bank partnered with CSW Energy, who was chosen through a competitive process, to provide technical support to evaluate buildings, such as town halls, emergency services buildings, and schools, for their solar potential. The Green Bank then provides financing for the solar systems through a power purchase agreement (PPA). Since 2014, the Green Bank Solar PPA has facilitated the installation of solar on municipal buildings with no upfront installation costs, no new debt to incur, and no operations and maintenance costs. Through the PPA, the municipality purchases the electricity generated by the solar array, and locks in low electricity cost so the cash flow is positive in year one.

Municipal leaders interested in learning about Solar MAP and participation in the next round of the program are encouraged to contact the Green Bank. In addition to working with trustworthy partners, Solar MAP ensures competitive pricing and support throughout the process.

If you want your town to participate in Solar MAP, ask your elected officials to contact the Green Bank. For more information, please visit https://www.ctgreenbank.com/solarmap-townsandcities/ or contact Emily Basham.

 Quotes from Participating Municipal Leaders

“Solar MAP was an easy and efficient way for the Town of Manchester to look at all of our sites and uncover energy savings. While we are very focused on our sustainability, it would have been much more difficult to identify and develop solar projects at nine town locations without the Solar MAP and our trusted partnership with Connecticut Green Bank,” said Manchester Mayor Jay Moran.

“Solar MAP simplified the process of going solar by connecting us with a trustworthy and knowledgeable partner in the Green Bank, who provided us the information we needed to confidently make decisions. The Green Bank identified solar opportunities at town sites, assisted us by connecting us with a qualified solar contractor and helped us access attractive financing,” said Portland First Selectwoman Susan Bransfield.