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You are here: Home1 / Strategy + Impact

Strategy + Impact

Since the Connecticut Green Bank’s inception through the bipartisan legislation in July 2011, we have mobilized more than $2.26 billion of investment into the State’s green economy.

Strategy + Impact

Since the Connecticut Green Bank’s inception through the bipartisan legislation in July 2011, we have mobilized more than $2.14 billion of investment into the State’s green economy.

We have attracted $2.26 billion in private investment using only $322.4 million in Green bank dollars, a leverage ratio of $7.00 for every $1. The impact of our deployment of renewable energy and energy efficiency to families, businesses, and our communities is shown in terms of economic development, environmental protection, equity, and energy (data from FY 2012 through FY 2022).

ECONOMIC DEVELOPMENT

Jobs

The Green Bank has supported the creation of more than 26,720 direct, indirect, and induced job-years.

Tax Revenues

The Green Bank’s activities have helped generate an estimated $113.6 million in state tax revenues.

$55.3 million
individual
income tax

$29.2 millions
corporate taxes

$29.1 millions
sales taxes

ENERGY

Energy Burden

The Green Bank has reduced the energy costs on families, businesses, and our communities.

Deployment

The Green Bank has accelerated the growth of renewable energy to more than 509 MW and lifetime savings of over 65.6 million MMBTUs through energy efficiency projects.

ENVIRONMENTAL PROTECTION

Pollution

The Green Bank has helped reduce air emissions that cause climate change and worsen public health, including 9.6 million pounds of SOx and 11.1 million pounds of NOx.

10.4 million tons of CO2 equals

156 million
tree seedlings
grown for 10 years

2.1 million
passenger vehicles
driven for one year

Public Health

The Green Bank has improved the lives of families, helping them avoid sick days, hospital visits, and even death.

$317.1 – $717.2 million
lifetime public health value created

EQUITY

Investing

Investing in vulnerable communities, The Green Bank has set goals to reach 40% investment in communities that may be disproportionately harmed by climate change.

* LMI Households – households at or below 100% Area Median Income.
** Community Reinvestment Act (CRA) Eligible – households at or below 80% of Area Median Income and all projects in programs designed to assist LMI customers.
*** Environmental Justice Community means a municipality that has been designated as distressed by Connecticut Department of Economic and Community Development (DECD) or a census block group for which 30% or more of the population have an income below 200% of the federal poverty level.
**** Combined Vulnerable Communities include LMI, CRA and EJC.

To download and print this fact sheet, please click here.

Link to: Investment Strategy

Investment Strategy

We leverage a public-private financing model to create solutions that increase the number of clean energy projects statewide.

Link to: Planning

Planning

The Connecticut Green Bank follows a comprehensive plan to fulfill its mission. Read our plans and budgets for 2022 and beyond

Link to: Reporting and Transparency

Reporting & Transparency

The Green Bank values transparency and responsible stewardship of ratepayer funds as management principles and a cornerstone of our leadership.

Link to: Evaluations

Evaluation

Learn how we guide the assessment, monitoring, reporting and evaluations of our program impacts and processes.

Link to: Societal Impact

Societal Impacts

Our work increases the investment and deployment of clean energy, which results in benefits to our economy, environment, energy, and equity.

Link to: Mapping Analysis of Your Area (MAYA) Tool

Mapping Analysis of Your Area (MAYA) Tool

See our impact on Connecticut by geographies, including county, city, utility service, political district, and census tract.

Link to: Successful Legacy Programs

Successful Legacy Programs

These past programs and projects tell the story of the Green Bank’s innovative approach to deploying green energy.

Hartford Office
75 Charter Oak Avenue
Suite 1-103
Hartford, CT 06106

Stamford Office
700 Canal Street
5th Floor
Stamford, CT 06902

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