• About Us ᐯ
    • About Us
    • Mission, Vision, and Values
    • Green Bank Team
    • Governance
    • Careers
    • Our History
    • Our Heroes
    • Former Green Bank Stars
    • Requests for Proposals
    • News
    • Events
  • Strategy + Impact ᐯ
    • Strategy + Impact
    • Planning
    • Reporting and Transparency
    • Evaluations
    • Societal Impact
    • Mapping Analysis of Your Area (MAYA) Tool
    • Legacy Programs
    • Investment Strategy
  • Contact Us
  • Search
CT Green Bank | Accelerating Green Energy Adoption in CT
  • Solutions
    • Solutions
      • Connecticut Green Bank offers green energy solutions to home, building and multifamily property owners, residential and commercial contractors, towns and cities, and even capital providers.
      • Home Solutions
        • Smart-E Loans
        • Energy Storage Solutions
        • Residential Solar Options
      • Building Solutions
        • C-PACE
        • GreenGain
        • Solar MAP+
        • Solar Programs
        • Solar PPA
        • Solar Roof Lease
        • Multifamily Financing
        • Energy Storage Solutions
      • Investment Solutions
        • Green Liberty Notes & Bonds
        • Electric School Bus Financing
        • EV Charging Carbon Credits
        • Green Bank Capital Solutions
        • Become a C-PACE Capital Provider
      • Contractor Solutions
        • Building Solutions
        • Home Solutions
        • Investment Solutions
      • Community Solutions
        • Electric School Bus Financing
        • Solar Solutions for Communities
        • Energy Storage Solutions
        • Home, Building, and Investment Solutions
        • C-PACE
        • Sustainable CT
  • Offerings
    • Offerings
      •  
      • Energy Efficiency
      • Solar & Renewables
      • Resilience & Climate Adaptation
      • Clean Transportation
        • Electric School Bus Financing
      • Environmental Infrastructure
  • Customer Stories
  • Resources
  • Menu Menu
  • Solutions
    • Home Solutions
      • Smart-E Loans
      • Energy Storage Solutions
      • Residential Solar Options
    • Building Solutions
      • C-PACE
      • GreenGain
      • Solar MAP+
      • Solar Programs
      • Solar PPA
      • Solar Roof Lease
      • Multifamily Financing
      • Energy Storage Solutions
    • Investment Solutions
      • Green Liberty Notes & Bonds
      • Electric School Bus Financing
      • EV Charging Carbon Credits
      • Green Bank Capital Solutions
      • Become a C-PACE Capital Providers
    • Contractor Solutions
      • Building Solutions
      • Home Solutions
      • Investment Solutions
    • Community Solutions
      • Electric School Bus Financing
      • Solar Solutions for Communities
      • Energy Storage Solutions
      • Home, Building, and Investment Solutions
      • C-PACE
      • Sustainable CT
  • Offerings
    • Energy Efficiency Offerings
    • Solar & Renewable Offerings
    • Resilience & Climate Adaptation Offerings
    • Clean Transportation Offerings
      • Electric School Bus Financing
    • Environmental Infrastructure Offerings
  • Customer Stories
  • Resources
  • About Us
    • Mission, Vision, and Values
    • Our History
    • Green Bank Team
    • Governance
    • Careers
    • Our History
    • Our Heroes
    • Former Green Bank Stars
    • Request for Proposals
    • News
    • Events
  • Strategy + Impact
    • Strategy + Impact
    • Planning
    • Reporting and Transparency
    • Evaluations
    • Societal Impact
    • Mapping Analysis of Your Area (MAYA) Tool
    • Legacy Programs
    • Investment Strategy
  • Contact Us
You are here: Home1 / News2 / Connecticut Green Bank surpasses $2 billion in total investment into state’s g...

News & Press

News & Press

February 14, 2022

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/wp-content/uploads/2022/07/FY21-annual-report-website.pdf and watch our short videos on our progress on investment, environmental impact and economic impact.

Hartford Office
75 Charter Oak Avenue
Suite 1-103
Hartford, CT 06106

Stamford Office
700 Canal Street
5th Floor
Stamford, CT 06902

Home Solutions
Smart-E Loans
Energy Storage Solutions
Residential Solar Options

Building Solutions
C-PACE
Solar Programs
Solar PPA
Solar Roof Lease
Multifamily Financing
Energy Storage Solutions

Contractor Solutions
Building Solutions
Home Solutions
Investment Solutions
Contractor Announcements

Community Solutions
Solar Solutions for Communities
Energy Storage Solutions
Home, Building, and Investment Solutions
C-PACE
Sustainable CT

Investment Solutions
Green Liberty Notes & Bonds
EV Charging Carbon Credits
Green Bank Capital Solutions
Become a C-PACE Capital Provider

Customer Stories

Contact Us

FacebookTwitterLinkedInInstagram

Sign up for our newsletter

© 2023 CT Green Bank. All Rights Reserved.

  • About Us
  • Strategy + Impact
  • Privacy Policy

Link to: Connecticut’s Clean Energy Industry More Resilient During Pandemic Than That of Other States in Region, Nation Link to: Connecticut’s Clean Energy Industry More Resilient During Pandemic Than That of Other States in Region, Nation Connecticut’s Clean Energy Industry More Resilient During Pandemic Than That... Link to: 2021 Post-Issuance Green Bond Report released Link to: 2021 Post-Issuance Green Bond Report released 2021 Post-Issuance Green Bond Report released
Scroll to top Scroll to top Scroll to top