E-News March 2020

Confront Climate Change. Buy Green Liberty Bonds. 

The Connecticut Green Bank is proud to announce that our first Green Liberty Bond will be issued later this spring in honor of the 50th anniversary of Earth Day. Inspired by the War Bonds of the 1940s, the Green Liberty Bond stresses the importance of confronting climate change by enabling families and businesses to invest in solutions.

To learn more about the Green Liberty Bond, please read this article that appeared in the Yale Clean Energy Finance Forum. To receive notifications about the bond issuance, please visit our investor relations website at www.greenlibertybonds.com.

2019 Top Performing Smart-E Contractors Honored

On Wednesday, Feb. 26, 2020, the 18 Smart-E Loan “Top Performers” of 2019 were honored at the Connecticut Green Bank in Rocky Hill. These 18 contractors are headquartered and serve customers across the state, from New Milford to North Stonington and South Windsor to Stratford, and include HVAC, home performance and solar-focused companies. In 2019, the Top Performers helped over 300 Connecticut families make home energy improvements – allowing them to save money, reduce their carbon footprint, and live more comfortably in their homes.

For list of winners and photos, click here.

Free EV Charging Stations Available to Commercial Properties Using C-PACE Financing  

In January, we launched Charge Up CT Buildings, a new initiative that offers free electric vehicle charging stations to commercial 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 May 15, 2020 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 or call 866-324-0099.

C-PACE surpasses 300th project

In February, the Connecticut Green Bank announced that the state’s Commercial Property Assessed Clean Energy (C-PACE) program surpassed 300 closed projects at the end of 2019, reaching a total of more than $163 million in clean energy financing investment in local businesses. C-PACE is an innovative program that helps commercial, industrial and multifamily property owners access affordable, long-term financing to make smart energy upgrades to their buildings that can create immediate savings. 

The full press release can be found here.

Multifamily Finance Training Sessions

A growing class of multifamily properties is maximizing financial performance and minimizing resource use. These properties are: increasing cash flows and asset value; lowering maintenance and utility costs; increasing tenant comfort; reducing vacancy rates; and minimizing carbon footprint. 

After holding a successful training in Middletown last fall, the Connecticut Green Bank will hold two training sessions to discuss this approach to multifamily financing. (Both sessions will offer the same content; no need to attend both)

Learn more and register at the links below: 

       Wednesday, March 18, at 9 am in Stamford

       Thursday, April 9, at 9 am in Hartford

These sessions are designed for multifamily lenders, property owners, managers and developers, professional service providers, contractors, housing and community development professionals, municipal officials and others interested in this opportunity.

Other news…