The Connecticut Green Bank was honored as a recipient of a 2018 State Leadership in Clean Energy Award for its Connecticut “Solar for All” program, a partnership with PosiGen Solar and Energy Efficiency. This was one of only six programs nationwide to win a 2018 “SLICE” Award for its outstanding accomplishments. The Clean Energy States Alliance (CESA), a nonprofit coalition of public agencies working together to advance clean energy, established these biennial awards to highlight model programs and projects that have accelerated the adoption of clean energy technologies and strengthened clean energy markets. The recipients of the awards were chosen by an independent panel of five distinguished judges, each with years of experience in clean energy.
The Connecticut “Solar for All” partnership is a ground-breaking public-private effort between the Green Bank and PosiGen. With Green Bank support, PosiGen offers a low-to-moderate income (LMI) targeted solar lease paired with energy efficiency measures for homeowners, regardless of income or traditional measures of creditworthiness. Since the partnership launched, solar penetration in Connecticut’s low-income communities has increased 188% and over 800 low-income verified households have signed up to go solar with PosiGen.
The Yale School of Management (SOM) recently released an online case study entitled “Connecticut Green Bank: In Pursuit of Inclusive Prosperity.” The case explores how public-private partnerships can accelerate public good – while facing budget challenges. It includes numerous interviews with Connecticut Green Bank management and board members, and is a resource for all those interested in learning more about the Connecticut Green Bank’s history, mission, structure, funding, products, and innovation.
The case study is found here. (Free access is available by contacting Yale SOM directly).
Hamden residents are invited to participate as the fifth town in Connecticut’s Solar for All Program, which offers solar power and energy efficiency measures to all homeowners, financed through a public-private partnership between PosiGen Solar and the Connecticut Green Bank. The innovative financing program combines a solar lease with energy efficiency upgrades to lower the energy burden on participating households.
PosiGen’s lease program covers the full cost of installing, maintaining and insuring the solar system, with no minimum income, no credit score requirement and no equipment to buy. The partnership will reward nonprofits, parent-teacher associations, and community groups with a $200 referral incentive for each homeowner who is installed and activated by PosiGen.
Watch the short video below to learn how the Connecticut Green Bank works as a robust economic development engine to help power the state of Connecticut.
The C-PACE New Construction Pilot will provide property developers and owners with long-term, affordable and non-recourse financing to help them design and construct buildings that achieve a higher level of energy performance and reduced operating costs. C-PACE New Construction can fill gaps in the capital stack needed for a new construction project, lower the overall cost of financing, or both. Learn more.
C-PACE financing continues to help a wide range of local businesses, from gyms to manufacturers, control of their energy costs to save money and increase their bottom line. Check out these highlighted businesses:
- Malibu Fitness, a state-of-the-art California fitness center in Farmington
- Cross Island Provisions Inc., in Essex, a distributor of Boar’s Head products
- Plastonics, a pioneer in the powder coating business, in Hartford
To learn more about C-PACE, please visit www.cpace.com.