E-News July 2022

Third Green Liberty Offering Launched

CGB Green Liberty Notes LLC, a subsidiary of the Connecticut Green Bank, has opened their third Green Liberty offering, a crowdfunding campaign launched in partnership with Raise Green, a social and environmental marketplace for impact investing. This offering builds upon the success of two previous offerings that allowed citizens to invest in the Green Bank’s mission to confront climate change with as little as $100.

Investments in the Green Liberty offering support Eversource’s Small Business Energy Advantage (SBEA) program, which enables small businesses in Connecticut to reduce their energy costs through efficiency upgrades and zero interest loans.  

As a result of the climate benefits associated with the SBEA program, the Green Liberty offering has been reviewed and verified for its environmental attributes by Kestrel Verifiers. 

For more information about the investment opportunity, please visit www.greenlibertynotes.com 

Green Bank Summer Update Webinar on Aug. 3

We will host an informational webinar on Wednesday, August 3 at 12 pm to provide updates on the Green Bank and our solutions for homes, buildings, and investments. Learn about Energy Storage Solutions, C-PACE new construction, Green Liberty Notes, and more.
Register here. 

Green Liberty Bond Program Recognized as 2022 SLICE Winner

The Connecticut Green Bank was honored as a recipient of the 2022 State Leadership in Clean Energy Awards for its Green Liberty Bond program from the Clean Energy States Alliance (CESA), a national nonprofit coalition of public agencies working together to advance clean energy. Since 2009, the biennial Leadership Awards have recognized outstanding state programs and projects that have accelerated the adoption of clean energy technologies. The six winners were chosen by an independent panel of judges, and were evaluated based on leadership, innovation, cost-effectiveness, and replicability. 

Read more here.

Energy Storage Solutions Webinar for Residential Customers

Launched in January 2022 by the Public Utilities Regulatory Authority (PURA), Energy Storage Solutions is a program designed to help Eversource and UI customers install energy storage (batteries) at their home or business. Energy storage backup can help customers across Connecticut – from homeowners and small business owners to industrial manufacturers and critical infrastructure facilities – be more secure in the face of our changing climate. Energy Storage Solutions will help create a more reliable, resilient Connecticut, especially for vulnerable communities and those hit hardest by storm-related outages.

An informational webinar for residential customers will be held on Tuesday, July 12 at 6 pm. To register, visit https://attendee.gotowebinar.com/register/3094818892054417678 

Smart-E Summer Special Offer Launched

Now, for a limited time, homeowners installing heat pumpsbattery storage, or EV charging stations are able to get a great low 2.99% interest rate with a Smart-E loan. (income eligible borrowers can get a 1.99% rate.)

Learn more about this special offer.

Budderfly Receives $5 Million in Financing

The Connecticut Green Bank recently announced $5 million in secured loan facilities to support the market expansion of Budderfly, a Connecticut-based company providing a unique energy management solution. Budderfly has provided its energy and cost saving services to over 80 Connecticut businesses, primarily quick service restaurants, convenience stores, and healthcare facilities, and intends to use the loan to continue to expand its Connecticut customer base.

Read the full press release here.

Enhancements to C-PACE New Construction

Changes to the guidelines for Connecticut’s Commercial Property Assessed Clean Energy (C-PACE) program will create enhanced opportunities for developers of new construction, repositioning, and gut rehabilitation projects to take advantage of this innovative financing tool. Developers and borrowers can now access up to 35 percent of the total eligible construction costs (TECC) in C-PACE financing based on the building’s designed energy performance. 

Learn more here.