Spotlight on Residential Solar in Connecticut webinars

Webinar #1: Residential Solar Investment and Deployment in Connecticut: An In-Depth Review of a 10-Year Incentive Program (2012-2022)

The first webinar in the multipart “Spotlight on Residential Solar in Connecticut” series, “Residential Solar Investment and Deployment in Connecticut: An In-Depth Review of a 10-Year Incentive Program (2012-2022),” provided an in-depth review of a residential solar incentive program administered by the Green Bank, including the market, policy, and practices that enabled 380 megawatts (MW) of residential solar deployment across nearly 50,000 rooftops, including low-to-moderate income families.

The series aligns with the opportunities created by the U.S. Environmental Protection Agency’s (EPA) Greenhouse Gas Reduction Fund’s zero emissions technologies for low-income and disadvantaged communities, which will allow states, municipalities, tribes, and others to reduce greenhouse gas (GHG) emissions and other air pollutants, deliver benefits to low-income and disadvantaged communities, and mobilize financing and private capital to stimulate additional deployment of such projects.

Webinar Two: Financing Residential Solar in Connecticut #1: Insights into Loan Programs, Monday, June 5 at 12 pm EDT

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The June webinar will focus on the role of financing, delving deeper into the structure and benefits of two loan products: the CT Solar Loan and the Smart-E Loan.  Using $8 million of repurposed American Recovery and Reinvestment Act (ARRA) funds as credit enhancements, the Green Bank was able to use $25 million in state and federal funds to mobilize $180 million of private capital investment in residential clean energy deployment. In a venture with Sungage Financial, the Green Bank supported a clean energy finance entrepreneur in demonstrating the viability of a specific solar loan product. In collaboration with nine local community banks and credit unions, the Green Bank’s Smart-E loan provides a second loan loss reserve for unsecured financing of clean energy projects, including residential solar.

Webinar Three: Financing Residential Solar in Connecticut #2: Insights into Lease and Third-Party Ownership Programs on Thursday, August 3 at 12 pm EDT

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The final webinar in the series will focus on two lease products: the CT Solar Lease and Solar for All.  Through the leveraging of ARRA funds as credit enhancements, the Connecticut Green Bank provided access to lease financing for local contractors, in partnership with a syndicate of local lenders and tax equity providers. In recognition of the need to provide access to capital to low-income and vulnerable communities, in partnership with PosiGen, the Green Bank launched the Solar for All solar and energy efficiency lease product.  This session will look at the structure of these lease financing products, including the various benefits that result from increasing easy and affordable access to residential solar, especially for vulnerable communities.