E-News April 2021

2021 Green Liberty Bond Issuance Announced

 

Building upon the success of our 2020 Green Liberty Bond issuance, we are proud to announce our 2021 issuance, which is anticipated to be available to retail and institutional investors on or about April 21, 2021. Green Liberty Bonds are lower-dollar denomination bonds (offered in $1,000 increments), making it easier for individual investors to consider an investment. The bond proceeds will be independently certified as financing infrastructure projects with climate and environmental benefits that will help strengthen our state’s green energy economy and create much needed jobs.

To help inform residents about the Green Bank’s mission and programs, including the 2021 Green Liberty Bond, the Green Bank will host a webinar on Thursday, April 15 from 7 – 8 pm. (register here: https://attendee.gotowebinar.com/register/5920454914183848720). The Preliminary Official Statement, notifications and bond information can be found at www.greenlibertybonds.com.


Webinar Series Continues

The Connecticut Green Bank invites you to join us as we explore the Renewable Energy of Community in our 2021 webinar series! 

Our April webinars will be: Financial Innovation – Ways to Invest in the Green Economy (April 14); and an Earth Day Conversation with municipal leaders (April 22). Registration links and more information are here.

 


Smart-E Loan Spring Special Offers Loan Rates for Homeowners

As part of its Smart-E Loan Spring Special Offer, we are offering 0% loan rates for Connecticut households that are at or below 80% Area Median Income (“AMI”) as defined by the “vulnerable communities” definition underneath Public Act 20-05 passed in the special session last fall. The Smart-E Loan unlocks financing for homeowners seeking to make home performance and energy upgrades, such as adding insulation, improving windows, updating heating, ventilation, and cooling (HVAC) systems with new boilers, furnaces, or heat pumps (air or ground source), installing electric vehicle charging stations, and adding battery storage to solar PV systems. Additionally, homeowners approved for assistance with crumbling foundations can qualify for 0% Smart-E loans. For all other homeowners, the rate will be lowered to 1.99%. Get started with the Smart-E Loan here


Solar MAP Guides Municipalities Through Solar Procurement Process for Public Buildings

Manchester, Mansfield, Portland, and Woodbridge are the first municipalities to take advantage of our 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. For more information, please visit https://www.ctgreenbank.com/solarmap-townsandcities/.


Charge Up CT Buildings Initiative Ends April 30, 2021

Through the Charge Up CT Buildings initiative, we are offering free electric vehicle charging stations to commercial, industrial, and non-profit property owners who use Connecticut Green Bank C-PACE financing to improve the energy efficiency of their building. Property owners who apply for C-PACE financing by April 30, 2021, may be eligible for this limited time promotion, receiving up to three free EV chargers. For more information about the initiative, please visit chargeupct.com.


MAYA Tool Provides Municipal & Regional Data on the Impact of Green Bank Supported Clean Energy Projects

Our new interactive digital Mapping Analysis of Your Area (MAYA) tool provides access to our database of green energy projects with the impacts these investments are having across Connecticut. MAYA offers accessible impact data in categories that include: investment deployed; jobs created; tax revenue generated; public health benefits; energy outcomes; avoided emissions; greenhouse gas avoidance equivalencies. Access MAYA here.


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

River Haven Cooperative Apartments in Stamford is using C-PACE financing to replace an existing steam boiler and condensing domestic hot water (DWH) system, and 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.