City of Stamford and Connecticut Green Bank Hosted Workshop on C-PACE Financing

Flagship program helps local businesses save money on energy costs while promoting economic growth

 

STAMFORD, Conn. (June 26, 2025) — Today, the Connecticut Green Bank, in partnership with the City of Stamford and Sustainable CT, hosted an in-person workshop on its C-PACE program at the Ferguson Library in the DiMattia Building. This flagship Green Bank program helps local businesses and nonprofit organizations reduce energy costs and save energy by providing financing options for energy-related building upgrades.

C-PACE, or Commercial Property Assessed Clean Energy, is available for all types of commercial properties seeking energy efficiency or clean energy upgrades, including new and existing buildings, such as manufacturing facilities, offices, retail establishments, houses of worship, nonprofit organizations, multifamily housing and more.

Workshop participants learned how using C-PACE retrofit or new construction financing helps create higher-performing and more resilient buildings through its experienced contractor network. Additionally, participants will discover how to access C-PACE’s attractive, secure, and straightforward financing, which enable commercial property owners to install energy upgrades today and pay for them over time, covering up to 100% of the costs at low-interest rates with terms of up to 25 years.

“C-PACE is transforming how building owners invest in energy efficiency, solar PV and resiliency for their facilities,” said Mackey Dykes, Vice President of Financing Programs at Connecticut Green Bank. “By unlocking long-term, low-cost financing, we’re empowering property owners to make smart upgrades that benefit their bottom line and the environment.”

“We’re proud to partner with Sustainable CT and the Connecticut Green Bank to bring this important event to commercial property owners,” said Caroline Simmons, Mayor of the City of Stamford.

“As energy costs rise and extreme weather becomes more frequent, programs like C-PACE offer practical solutions—providing the financing tools building owners need to invest in energy efficiency, renewable energy, and climate resilience upgrades.”

Since 2013, C-PACE financing has helped building owners complete more than 400 projects, resulting in estimated energy cost savings of nearly $420 million.

“It is important for Stamford’s growing economy to take advantage of these partnerships to ensure we are moving the needle on sustainability,” added Leah Kagan, Director of Economic Development.

“We’re so pleased to have the Green Bank and Sustainable CT bring this advantageous workshop to Stamford,” echoed Danielle Petretta, Environmental Sustainability Coordinator.  “These financially supported clean energy and energy efficiency projects help lower our GHG emissions and shrink our carbon footprint citywide.”

For more information about C-PACE, visit www.ctgreenbank.com/building-solutions/c-pace/.