Impact

Evaluation

The Connecticut Green Bank’s evaluation efforts seek to understand how the increase in investment and deployment of clean energy supported by the Green Bank, result in benefits to society. To that end, the Green Bank has devised an evaluation framework, conducts program evaluations and other studies, and supports market studies.

Evaluation Framework

The Connecticut Green Bank has established an evaluation framework to guide 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 studies and analyses conducted or commissioned by the Green Bank fall within the various study categories presented in the Evaluation Framework.

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.

The following program evaluation studies were prepared and have been conducted in response to mandates by the Connecticut General Assembly, including:

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)

From time-to-time, other studies are prepared by independent consultants on topics or programs of relevance to the Green Bank, including:

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

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.

Impact Report