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Conn. Energy Storage Proposal Includes Incentives (Ind. Report)
Conn. Green Bank
Date: 2021-01-18
Last week in New Britain, the Connecticut Public Utilities Regulatory Authority proposed a nine-year program of upfront incentives that will reduce the cost to purchase and install a storage system, which is typically paired with solar. The batteries must be tied to the grid and pre-programmed to automatically store and dispatch solar energy during summer peak periods.

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

More Low-Carbon Energy News Conn. Green Bank,  Energy Storage,  


CT Green Bank Offers Flexible C-PACE Payment Options (Ind. Report)
Connecticut Green Bank
Date: 2020-08-03
The Rocky Hill, Conn.-based Connecticut Green Bank is offering flexible repayment options to new borrowers who use its Commercial Property Assessed Clean Energy (C-PACE) financing to make energy saving improvements.

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

More Low-Carbon Energy News Connecticut Green Bank ,  C-PACE,  Energy Efficiency,  


CT Green Bank Supports Energy Efficiency, Renewables (Ind. Report)
Connecticut Green Bank
Date: 2020-07-06
The Connecticut Green Bank, the quasi-public agency tasked with attracting private investment in energy efficiency and renewable power projects, is reporting the launch of a new type of bond designed to attract middle-class investors to support projects that deal with climate change.

Download Connecticut Green Bank details HERE. (Source: Connecticut Green Bank, July, 2020) Contact: Connecticut Green Bank, 860-563-0015, www.ctgreenbank.com

More Low-Carbon Energy News Connecticut Green Bank,  CT Bank,  Energy Efficiency,  Renewable Energy,  


Conn. Green Bank Offers C-PACE Efficiency Financing (Ind Report)
Connecticut’s Green Bank
Date: 2020-01-17
The Rocky Hill, Conn.-based Connecticut Green Bank, the quasi-public agency tasked with attracting private investment in energy efficiency and renewable power projects, reports it is now offering commercial property Commercial Property Assessed Clean Energy (C-PACE) loans.

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

More Low-Carbon Energy News Connecticut Green Bank,  C-PACE,  Energy Efficiency,  


Connecticut Green Bank Updates Energy Efficiency Funding (Funding)
Connecticut Green Bank
Date: 2019-10-07
Rocky Hill, Cy.-based Connecticut Green Bank reports its Multifamily Housing Programme has provided energy efficiency retrofit funding to more than 100 multifamily properties, implementing energy efficiency retrofits totaling more than $34 million since its inception in 2014. The Green Bank presently has up to $160 million in funding set to be distributed.

Sign up to our newsletter 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

More Low-Carbon Energy News Connecticut Green Bank news,  Energy Efficiency news,  Energy Efficiency Funding news,  

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