E-News Winter 2019

Green Bonds US campaign launched

The Connecticut Green Bank is bringing people together and strengthening the bonds we share with one another by communicating one critically important message: Green brings us together… green bonds us.  See our new video here.

Spinnaker using solar to power repurposed properties

How does an outdated engineering plant become a state-of-the-art, energy-efficient sports facility? And how is an industrial complex repurposed into a home for makers, artisans, and manufacturers? See how innovative C-PACE financing has enabled Spinnaker Real Estate Partners to harness the power of solar to reduce operating costs, exceed industry standards in sustainability, and give new life – and purpose – to older buildings. Watch the video here.

Financing products to address health and safety concerns that prevent energy improvements

Connecticut’s older housing stock can often present problems to home owners and residents. Along with structural and code violations from possible deferred maintenance over time, there is potential for the presence of health and safety issues, like mold and asbestos. The existence of these hazards can also make energy assessments, and related efficiency improvements, impossible.

To help implement home energy upgrades and remediate health and safety problems, the Connecticut Green Bank and its partners are offering special low interest rate financing solutions for single- and multi-family homeowners.

To address health and safety concerns in single family homes, the Smart-E loan now allows for financing of up to $25,000 for the remediation of mold and asbestos that prevent energy upgrades.

For multifamily properties (5+ units), the Energize CT Health & Safety Loan can cover the costs of remediation for many health/safety hazards, such as lead, radon, asbestos, mold, and leaky roofs.

Follow these links for more on the financing for single family or multifamily properties.

100th multifamily project goal surpassed

The Connecticut Green Bank announced that its Multifamily Housing Program has provided financing and technical assistance to more than 100 funded multifamily projects since the program’s inception in 2014.

Through its various products, the Green Bank’s Multifamily Program, along with financing partners’ Capital for Change and the Housing Development Fund, has deployed over $34 million in financing for energy efficiency, solar and health and safety upgrades.  This capital has been used to fund individual energy projects as well as energy upgrades that are part of larger renovation or new construction projects – with $160 million total capital outlay for all project costs. 

Read more here.

Contractor Conference brings 200 together to hear about green energy economy in Connecticut

The Green Bank hosted its fourth annual Contractor Conference in November and an audience of over 200 representatives of the green energy economy attended. The main session featured Marissa Gillett, Chairman at Connecticut Public Utilities Regulatory Authority (PURA), Bryan Garcia, President and CEO of the Green Bank, and Victoria Hackett, Vice Chair of the Department of Energy and Environmental Protection. Breakout sessions covered a variety of topics including the solar industry, heat pumps, energy modeling, and financing tools. 

Presentations and photos from the event can be found here.

Other news…