Customers who allow the utilities to actively dispatch their storage systems during demand response events would also receive compensation in the form of an annual performance incentive. The incentives are intended to drive the deployment of 580 MW of storage by 2030.
The proposal, which allows for third-party ownership of the storage systems and leasing programs, directs the Conn. Green Bank and the the state's utilities to study how best to deliver systems to customers in economically distressed and environmental justice communities, in medical care facilities, in facilities deemed "critical" by public officials, and to those who live at the grid edge and typically experience longer outages.
Under the proposal, upfront incentives, which will be administered by the Conn. Green Bank, will be set in three-year cycles. During the first cycle, the incentive would average around $3,750 per customer to start, with the highest incentives for low- to moderate-income households, then gradually decline in four step-downs to an average of $1,750. (Commercial and industrial customers are eligible as well.)
The utilities will be able to recover the cost of the program through rates. (Source: Connecticut Public Utilities Regulatory Authority, 17 Jan., 2021) Contact: Connecticut Public Utilities Regulatory Authority, 860-827-1553. www.portal.ct.gov/PURA; Connecticut Green Bank, Mackey Dykes, VP Financing Programs, 860-563-0015, www.ctgreenbank.com
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The C-PACE program helps commercial, industrial, and non-profit property owners access affordable, long-term financing for qualifying energy efficiency and renewable energy upgrades. The C-PACE loans are repaid through a voluntary assessment on the building owner's property tax bill.
The Green Bank's new repayment options are intended to provide relief to property owners impacted by COVID-19. The repayment options will provide borrowers with immediate increased cash flow by significantly reducing operating expenses in the near term and deferring all or a portion of payments until a later date and more stable financial conditions.
New borrowers will have the option of deferring their first two payments on a new C-PACE assessment and/or making interest only payments for up to three years on a new C-PACE assessment.
(Source: Conn. Green Bank. PR, Aug., 2020) Contact: C-PACE, www.cpace.com/offer; Connecticut Green Bank, Mackey Dykes, VP Financing Programs, 860-563-0015, www.ctgreenbank.com
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Download Connecticut Green Bank details HERE. (Source: Connecticut Green Bank, July, 2020) Contact: Connecticut Green Bank, 860-563-0015, www.ctgreenbank.com
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The C-PACE program allows building owners to finance qualifying energy efficiency and renewable energy improvements via a voluntary assessment on their property tax bill.
(Source: Connecticut Green Bank, New Haven Insider, 15 Jan., 2020) Contact: Connecticut Green Bank, Mackey Dykes, VP Financing Programs, 860-563-0015, www.ctgreenbank.com
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The Program predominantly provides financing for existing housing that serves low- and moderate-income residents in Connecticut. This includes subsidized, rent-restricted properties as well as non-subsidized housing. (Source: Connecticut Green Bank, 7 Oct., 2019)
Contact: Connecticut Green Bank, Bryan Garcia, CEO, 860-563-0015, www.ctgreenbank.com
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