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November 2020 Newsletter
Connecticut’s First Clean Energy Industry Report Release
According to a recently released 2020 Connecticut Clean Energy Industry Report, more than 44,000 people, an increase of 9.1% from 2015, made up the clean energy workforce in Connecticut in 2019. In total, clean energy jobs accounted for 2.6% of all jobs and a gross state product of $6.5 billion in Connecticut in 2019.
To access the full report, please click here. A webinar presenting the report’s findings to press, industry partners, and other stakeholders will be held on Wednesday, Nov. 18 from 12 to 1:30 pm. To register for the webinar, visit https://attendee.gotowebinar.com/register/2376907055382952461.
Free EV Charging Stations Available to Commercial Properties Using C-PACE Financing
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 December 18, 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.
Green Liberty Bond Named Bond Buyer “Deal of the Year Finalist” as the Winner in Innovative Financing Category
Earlier in November, The Bond Buyer announced that the Connecticut Green Bank is among the recipients of its annual Deal of the Year awards as the winner in the Innovative Financing category for their 2020 Green Liberty Bond issuance.
For the second straight year, The Bond Buyer has named winners in 10 categories: five awards in our regional areas of coverage, along with five in additional categories. All award winners are also finalists for the national Deal of the Year Award, which will be announced at a virtual event to be held Dec. 16. This is the 19th year that The Bond Buyer has recognized outstanding achievement in municipal finance.
The Connecticut Green Bank’s $16.8 million issuance of “Green Liberty Bonds” is this year’s Innovative Financing winner. Modeled after the Series-E War Bonds of the 1940s, this new sub-category of green bonds is sold in maximum denominations of $1,000, making them accessible to everyday citizens and retail investors.
To see all the finalists, please visit The Bond Buyer’s announcement.
C-PACE Flexible Repayment Options Help Free Up Cash Flow for Commercial Properties
The Connecticut Green Bank is offering flexible repayment options to new borrowers who use its Commercial Property Assessed Clean Energy (C-PACE) financing to make energy saving improvements.
The Green Bank has designed these new repayment options in order to provide relief to property owners impacted by COVID-19. The repayment options will provide borrowers with immediate increased cashflow by significantly reducing operating expenses in the near term and deferring all or a portion of payments until later.
New borrowers will have the option of:
- Deferring their first two payments on a new C-PACE assessment.
- Making interest only payments for up to three years on a new C-PACE assessment.
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Smart-E Special Offers
Connecticut families looking to heat and cool their homes with heat pump technology (like ductless mini splits, air source heat pumps, heat pump hot water heaters, and geothermal/ground source heat pumps) should act now using 2.99% financing through the Smart-E Loan. This special rate is also available for adding battery back-up to your existing solar PV system. (if you’re new to solar a special blended rate can be used to finance the new system and the battery storage).
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September Stakeholder Market Insights Webinar recording available
To access the September Stakeholder webinar, please click here.