The evaluation framework guides the assessment, monitoring and reporting of the program impacts and processes, including, but not limited to, energy savings and clean energy production and the resulting societal impacts or benefits arising from clean energy investment.
Evaluation Framework
Evaluation studies and analyses conducted or commissioned by the Green Bank fall within the various study categories presented in the Evaluation Framework.
Program Evaluations and Other Studies
The Green Bank hires consultants to conduct evaluations of its programs, both on its own and in response to legislative mandates. Other studies are also commissioned to independent firms on topics of relevance to the clean energy industry and the Green Bank.
Program Evaluation Studies (Legislative Mandates)
- Cost-Effectiveness Assessment of the Residential Solar Investment Program – The Cadmus Group, Inc. (March 9, 2016)
- Residential Solar Investment Program Evaluation – The Cadmus Group, Inc. (January 30, 2015)
Independent Consultant Studies
- Connecticut Green Bank’s Residential Solar Investment Program: Economic Impact Analysis of Existing Commitments and Future Scenarios – Connecticut Center for Economic Analysis (CCEA) at the University of Connecticut, and Semnia LLC (February 9, 2015)
- Analysis of Solar Home Renewable Energy Credit (SHREC) Program – Sustainable Energy Advantage, LLC (January 20, 2015)
Evaluation Reports
Evaluation studies generally address questions such as:
- What framework should be used to understand and measure program performance and outcomes?
- What metrics should be used to measure program performance?
- How well is a program performing and how efficiently are program funds being utilized to achieve objectives?
The Green Bank has identified a number of societal benefits that accrue from the installation and operation of clean energy projects. It is collaborating with other parties to prepare reports that quantify those benefits and thus demonstrate more of the value that these projects deliver.
Frameworks & Fact Sheets
- Bond Framework
- Economic Development Framework & Fact Sheet
- Clean Energy Jobs in Connecticut (August 10, 2016)
- Environmental Impact Framework
- AVERT Fact Sheet
- Public Health Framework & Fact Sheet
- Economic Development Revenue Generation Fact Sheet
- Tax Revenue Calculator Final Report (January 2018)
- Energy Burden Reduction for Solar Customers Framework
- Equity Investment in Vulnerable Communities Fact Sheet
- Green Bank Memo to CT DECD (September 13, 2016)
- CT DECD Memo to the Green Bank (October 14, 2016)
- Green Bank Memo to CT DEEP (February 6, 2017)
- CT DEEP Memo to the Green Bank (March 15, 2017)
- About COBRA
- Green Bank Memo to CT DEEP and DPH
- Memo from CT DPH regarding COBRA
- Memo from CT DEEP regarding COBRA
- Tax Revenue Calculator Memo to CT DRS (March 2018)
- Tax Revenue Calculator Memo from DRS to the Green Bank (August 2018)
Market Assessments
Studies assessing market potential tend to examine how technologies are used, and how much use they currently and could possibly receive. These reports provide guidance for programs on where they are likely to provide the most benefit.
- Mapping Household Energy & Transportation Affordability in Connecticut (October 2020)
- Connecticut Green Bank Low and Moderate Income Solar Program Savings Analysis (October 2020)
- Mini-Bond Market Assessment (June 2019)
- Feasibility of Renewable Thermal Technologies in Connecticut: Market Potential (March 2017)
- Feasibility of Renewable Thermal Technologies in Connecticut: Barriers and Drivers (March 2017)
- The Addressable Solar Market in Connecticut – Geostellar, Inc. (December 6, 2013)