Resources for State Residents to Navigate Solar Questions

GoSolarCT.com, DCP’s Solar Panel Buyer’s Guide offer unbiased input

Rocky Hill, CT (August 2, 2017) – As solar installations in Connecticut continue to increase, the Department of Consumer Protection (DCP), the Office of Consumer Counsel (OCC), and the Connecticut Green Bank want to remind residents that informational resources exist to help guide them through the process of adding solar photovoltaic (PV) systems to their homes.  Two suggested resources are GoSolarCT.com and DCP’s Solar Panel Buyer’s Guide.

As of July 2017, nearly 25,000 state residences have installed solar, producing more than 175 MW of clean, renewable power. Through GoSolarCT, the Connecticut Green Bank seeks to make information on the solar process available in one location for homeowners in the state.

“The GoSolarCT website helps Connecticut residents understand the costs, installation, and upkeep of solar projects in one location,” states Bryan Garcia, President and CEO of the Connecticut Green Bank. “This website is an educational outreach tool for Connecticut residents wanting to convert to solar energy. This project and others that educate Connecticut residents on solar installation and renewable energy sources benefits the state and the entire region.”

“There are a lot of different aspects to going solar,” said Consumer Protection Commissioner Michelle H. Seagull. “We want to make sure consumers know who they’ll be interacting with, what credentials those professionals need to have, and what questions they should ask throughout the process. Going solar, like any home improvement related project, is a big investment, and it’s important that consumers do their research before making a commitment.”

GoSolarCT shares pertinent information in an easy, interactive way for Connecticut homeowners and includes a glossary of terms, a potential energy savings calculator and a list of frequently asked questions and answers.

The GoSolarCT website identifies four key areas for people considering installing solar products:

  • How solar works
  • Selecting a contractor and various financing options
  • The installation process
  • Ongoing maintenance

“I’m delighted the Connecticut Green Bank and DCP are assisting customers with these guidance resources,” stated Consumer Counsel Elin Swanson Katz. “My office has handled occasional inquiries from customers looking into solar, but are struggling with weighing financing options, choosing a contractor, and understanding savings estimates. It is important that customers feel that they have made a well-informed choice with regard to this major decision, and these resources should make the process both reassuring and hopefully exciting. I commend the Connecticut Green Bank and DCP and look forward to continuing to work in partnership with them to promote solar growth and understanding.” 

 

About the Connecticut Green Bank

The Connecticut Green Bank was established by the Connecticut General Assembly on July 1, 2011 as a part of Public Act 11-80. As the nation’s first full-scale green bank, it is leading the clean energy finance movement by leveraging public and private funds to scale-up renewable energy deployment and energy efficiency projects across Connecticut. The Green Bank’s success in accelerating private investment in clean energy is helping Connecticut create jobs, increase economic prosperity, promote energy security and address climate change. For more information about the Connecticut Green Bank, please visit www.ctgreenbank.com.

For more information, contact: Rudy Sturk, Senior Associate, Marketing, Connecticut Green Bank, at (860) 259-1154 or [email protected].

 

About the Department of Consumer Protection (DCP)

The Department of Consumer Protection’s mission is to ensure a fair and equitable marketplace, safe products and services for consumers in the industries that we license, regulate and enforce. The Department has seven divisions with their own areas of expertise: Drug Control, Foods and Standards, Investigations, Gaming, Licensing, Liquor Control, Occupational and Professional Licensing, and Trade Practices. The Department also administers 18 professional Boards, Councils and Commissions.

For more information, contact: Lora Rae Anderson, Director of Communications, Department of Consumer Protection, at (860) 713-6019 or [email protected].

 

About the Office of Consumer Counsel (OCC)

The Office of Consumer Counsel (OCC) serves as a strong independent voice for Connecticut’s public utility and telecommunications consumers through advocacy and customer education. The OCC is authorized to participate on behalf of consumers in all administrative and judicial forums and in any matters in which the interests of consumers with respect to public utility matters may be involved.

For more information, contact:  Joseph A. Rosenthal, Principal Attorney, Office of Consumer Counsel, at 860-827-2906 or [email protected].

 

 

 

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Connecticut Green Bank Offering New Low Rate for Energy Upgrade Loans

0.99% Financing Available on Bundled Projects or Special Single Measure Offers

 

Rocky Hill (May 9, 2017) – The Connecticut Green Bank, in association with Energize CT, select local lenders, and contractors, is offering an extraordinarily low rate of 0.99% on home energy improvement loans. The new low rate is being offered as part of the Smart-E Bundle program, which is available when homeowners choose to finance two or more qualifying energy efficiency projects. The rate is also extended to current special single measure promotions such as natural gas conversion and heat pump installations. By bringing the rate down to 0.99%, the Green Bank is encouraging Connecticut residents to both do and save more with multiple energy related home improvements.

There are four types of qualifying bundles that offer popular pairings, including solar PV, high efficiency HVAC improvements, insulation upgrades, and Home Energy Solutions core services. The low interest financing is being offered, in most cases, with no money down on loans spanning 5, 7 or 10 years.

Due to programs like Smart-E, solar energy is helping to power over 23,000 homes in Connecticut. Now with the market seeing a 70% decrease in average project cost, the new lower rate presents one of the best opportunities in years for homeowners who are considering the addition of solar PV to their home.

“Switching to solar just makes good economic sense and Connecticut homeowners are taking advantage of this trend,” said Kerry O’Neill, Vice President, Residential Programs, for Connecticut Green Bank. “Nearly 80% of the homes in this state that have gone solar installed their systems in the last three years.”

The Smart-E Bundle program and promotions on heat pump technologies offer a great opportunity for homeowners to enjoy savings for years to come and potentially increase their property value. General eligibility qualifications for access to Smart-E financing include:

  • Residential property must be located in Connecticut
  • The property must be owner-occupied
  • The property must be a 1 to 4 unit residential building and condominiums must be individually metered

For more information, contact participating contractors or lenders of the Connecticut Green Bank Smart-E program, which can be found here: http://ctgreenbank.com/programs/smart-e-loans/

 

 

 

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Connecticut Green Bank Strengthens Commitment to Low-Income Residents

A recent blog by experts at the Center for Market Innovation (Managing Director Yerina Mugica and Welch Environmental Innovation Fellow Sarah Dougherty), posted by the the Natural Resources Defense Council (NRDC), featured the appointment of Betsy Crum to the Connecticut Green Bank Board of Directors and highlighted the importance the Green Bank places on maintaining and creating relationships in the affordable housing sector. At the Women’s Institute for Housing and Economic Development, Ms. Crum, who is their Executive Director, focuses on developing housing for individuals coming out of homelessness and those earning up to 50 percent of area median income. 

To read the article and learn more about current Green Bank’s initiative for low-income residents, please click here.

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Kresge invests $3 million in Connecticut Green Bank to support solar generation and storage in affordable housing

First round of Kresge Community Finance loans provides $14 million to six CDFIs, DFAs

December 18, 2016 – The Kresge Foundation announced today $14 million in investments to six Community Development Finance Institutions (CDFIs) and Development Finance Agencies (DFAs) working to expand opportunity for low-income people in America’s cities through an initiative called Kresge Community Finance (KCF).

KCF invited proposals from qualifying CDFIs and DFAs working in American cities on projects that align with Kresge’s strategic priorities in six program areas – Arts & Culture, Education, Health, Human Services, Environment and Detroit.

Kresge Community Finance wordmarkMore than 130 organizations submitted proposals for funding, representing more than $280 million in capital requests. The resulting investments from Kresge’s Social Investment Practice pair standardized loans, available for up to 10 years, with small operating grants.

Program-related investments made in the first round of Kresge Community Finance funding include:

  • $3 million to Reinvestment Fund to support creative placemaking efforts in Baltimore, Atlanta and New Orleans.
  • $3 million to Connecticut Green Bank to support the installation of solar generation and storage systems in affordable housing and other community facilities in Connecticut’s urban and coastal communities.
  • $1 million to the Cooperative Fund of New England to support the development of resident/member-owned and managed cooperative housing, and healthy food retail projects in cities in Southern New England.
  • $3 million to Enterprise Community Loan Fund for the equitable revitalization of the Jefferson-Chalmers Corridor in Detroit’s East Jefferson neighborhood.
  • $3 million to Boston Community Capital in support of its collaboration with MassDevelopment, Massachusetts’ economic development and finance authority, to finance mixed-use projects in Massachusetts cities pursuing community-led placemaking redevelopment.
  • $1 million to Capital Impact Partners in support of its partnership with the Memphis Medical District Collaborative to finance and promote community development, residential density and walkability.

In total, the Foundation plans to award up to $30 million in financing and up to $1.5 million in grants through KCF to at least 15 organizations. Additional investments through KCF will be announced in 2017.

“We wanted to test the demand for a standardized product of patient capital for CDFIs and DFAs,” said Joe Evans, the foundation’s portfolio manager, Social Investment Practice, “and to demonstrate to other investors an efficient approach to meeting the capital needs of low-income communities.”

Kresge’s Social Investment Practice uses a variety of financial tools to invest in projects that bring both a social and financial return. The foundation has committed to investing $350 million in social investments by 2020.

“To move that amount of money, we wanted to explore innovative ways of sourcing and funding a large pipeline of investments that advance our mission, while balancing risk and portfolio construction considerations,” said Kimberlee Cornett, Kresge’s managing director, Social Investments Practice. “The demand for KCF proved to us that there is a market for this type of product, and we’re thrilled to partner with and support so many important efforts that will improve opportunity for thousands of low-income people.”

CDFIs are private nonprofits that leverage private sector investment to provide financing and technical assistance for a range of community development activities, including job creation, small business development, housing and other community development.

DFAs are public, private and non-profit development entities that provide financing for programs that foster job creation and economic development with a focus on growing housing and employment opportunities in low income communities.

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Better Connecticut, Featuring Solar PV and the Smart-E Loan

Solar PV and the Smart-E Loan

View this segment that appeared on WFSB’s Better Connecticut with Scott Haney and Kara Sundlun. Featuring Kerry O’Neill, Managing Director, Residential Programs, Connecticut Green Bank.

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Crowdfunding of Homeowner Solar Installations Surpasses $1 million in Connecticut

Connecticut Green Bank, nation’s first Green Bank, successfully utilizes crowdfunding platform to finance innovative solar loans for homeowners

ROCKY HILL, Conn. – August 13, 2015 – The Connecticut Green Bank today announced that more than$1 million in loans has been sold to date to Mosaic, a solar finance crowdfunding platform,for residential solar installations funded throughout the state.

The Connecticut Green Bank is the nation’s first Green Bank to utilize a crowdfunding platform to help finance a residential solar loan product, which provides homeowners with the opportunity to own solar photovoltaic (PV) systems to lower energy costs. It also represents the first time that a pool of residential solar loans has been crowdfunded and offered to individual investors.

The crowdfunded loans have financed the installation of nearly 100 PV systems, deploying more than 735 kilowatts (kW) of clean energy to homeowners throughout the state.

In February 2014, the Connecticut Green Bank, Mosaic, and Sungage Financial, a specialty solar finance company that provides homeowners with easy, online access to low-cost loans to help them go solar, agreed to a $5 million deal to offer Connecticut homeowners crowdfunded loans for solar installations.

“The success of this initiative demonstrates both what a Green Bank is designed to do and that there is a new market for residential solar financing through crowdfunding,” said Bryan Garcia, Connecticut Green Bank President and CEO. “With our partners Mosaic and Sungage Financial, we have created an innovative new model for attracting private capital investment in residential solar projects, which is sure to help clean energy thrive in Connecticut and beyond. Additionally, the sale of the loans to Mosaic and its users will allow us to redeploy ratepayer capital that was invested in the loans to fund even more clean energy projects across the state.”

The loan product, originally designed by Sungage Financial in partnership with the Connecticut Green Bank, is the first of its kind and uses projected energy savings as a valuation tool for appropriately sizing the loans.Offered through participating solar installers serving the Connecticut market, the loan offer incorporates key protections for the homeowner such as guarantees on system performance.

The Connecticut Green Bank provided an initial $5 million commitment to fund origination of the consumer loans. Mosaic then bought these loans and offered the crowd the opportunity to invest, in return for a yield of approximately 5.5% over a 15-year term.Mosaic’s investors have fully funded the entire portfolio offered to date, with individual Mosaic users investing as little as $25 in this new asset class while benefiting from a very low-risk investment due to the pooling of the underlying solar loans.

“This offering proves that the clean energy economy is accessible and affordable to consumers, as well as to the small investor looking to promote clean energy while earning a good return,” said Garcia.

About the Connecticut Green Bank

The Connecticut Green Bank was established by Connecticut’s General Assembly on July 1, 2011 as a part of Public Act 11-80. This new quasi-public agency superseded the former Connecticut Clean Energy Fund. The Green Bank’s mission is to lead the green bank movement by accelerating private investment in clean energy deployment for Connecticut to achieve economic prosperity, create jobs, promote energy security and address climate change. As the nation’s first full-scale green bank, the organization leverages public and private funds to drive investment and scale-up clean energy deployment in Connecticut. For more information about Connecticut’s Green Bank, please visit www.ctgreenbank.com

About Mosaic

Mosaic is the first online marketplace to offer investments in solar projects. Mosaic, named the 5th most innovative energy startup by Fast Company, launched in January 2013 and has financed over $6M of solar projects with thousands of investors across the nation. To date, the company has had zero defaults and 100% on-time payments at 4.5-7% annually. For more information about Mosaic, please visit www.joinmosaic.com.

 About Sungage Financial

Sungage Financial offers the first solar loan product for the residential marketplace. Headquartered in Boston, Massachusetts, Sungage Financial partners with leading solar installers and institutional investors to provide a proprietary online platform that enables homeowners to efficiently apply, qualify, and contract for solar financing. Sungage Financial, which is committed to helping homeowners save more from their homes’ solar panels, launched its first lending program in Connecticut in March 2013 through a partnership with the nation’s first green bank, the Clean Energy Finance and Investment Authority. For more information, please visit www.sungagefinancial.com.

 

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Governor Malloy Tours Bridgeport House with Solar and Energy Efficiency Measures

An innovative public-private partnership that is making clean energy more accessible and affordable to families susceptible to rising energy costs

Bridgeport, CT (July 21, 2015) – Governor Malloy toured the house of Susan Young in Bridgeport on Tuesday,to view the installation of solar power and energy efficiency measures –financed through a public-private partnership between PosiGen Solar Solutions and the Connecticut Green Bank.  The innovative financing program combines a solar lease with an energy savings agreement to lower the energy burden of participating households.  Accompanying the Governor wereBryan Garcia, president and CEO of the Connecticut Green Bank, Thomas Neyhart, CEO of PosiGen, and Chris Anastasi, Sustainability coordinator for the City of Bridgeport.

In a concerted effort to extend the reach of the Governor’s renewable energy policies, the Green Bank teamed up with PosiGen, a New Orleans solar company that recently located its New England business in Bridgeport, CT.Focused on closing on what many see as a clean energy affordability gap, the partnership is designed to give people like Ms. Young access to an affordable solar leasing structure that will deliver energy savings for this often overlooked market segment.

“We are making Connecticut greener, cleaner and more efficient than ever before, and in the process we’re helping residents save on energy while creating thousands of new jobs in the industries of the future,” Governor Malloy said.  “These initiatives help the state meet the growing homeowner demand for residential solar, and we’re doing it through cost-effective solutions that increase private investment and use less ratepayer and taxpayer incentives.  Connecticut is helping lead the nation in the clean energy advancements of tomorrow.”

PosiGen focuses its efforts on improving the financial sustainability of low-to-moderate income families who are most susceptible to rising energy costs by reducing their energy consumption and providing opportunities to leverage state and federal incentives.  “We are excited to be partnering with the Connecticut Green Bank to enable innovative financing through a combination solar lease and energy savings agreement offering,” says Mr. Neyhart.  “We are making the combination of solar and efficiency upgrades more accessible and affordable for low-to-moderate income families that need to reduce their household energy burden.”

The Connecticut Green Bank is investing in PosiGen to provide low-cost debt capital and a tiered incentive for participating households in communities across the state.  “This partnership with PosiGen, and their private investors, will lower the energy burden on limited income households through financing and the deployment of clean energy,” states Mr. Garcia.  “As Connecticut continues to deploy more and more clean energy in our communities, we want to ensure that everyone has the opportunity to realize the benefits it offers.”

“I am excited to be one of the first homeowners in Connecticut to take advantage of the PosiGen offering to lower my energy costs,” says Ms. Young, theBridgeport homeowner.  “I was able to install a solar power system, insulation, water-savings aerators and CFL light bulbs, which are already providing energy savings that I can put to better uses for my households.”

“I am thrilled with the work PosiGen did on my house.  I did not think I could afford to install solar panels to help with my energy costs, however, the lease option made it possible, I am so happy to help protect our environment.  I encourage other homeowners to look into their options to cut down on their energy costs.”

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About the Connecticut Green Bank

The Connecticut Green Bank (formerly the Clean Energy Finance and Investment Authority) was established by the Connecticut General Assembly on July 1, 2011 as a part of Public Act 11-80. As the nation’s first full-scale green bank, it is leading the clean energy finance movement by leveraging public and private funds to scale-up renewable energy deployment and energy efficiency projects across Connecticut. The Green Bank’s success in accelerating private investment in clean energy is helping Connecticut create jobs, increase economic prosperity, promote energy security and address climate change. For more information about the Connecticut Green Bank, please visit www.ctgreenbank.com.

About PosiGen Solar Solutions

Headquartered in New Orleans, PosiGen Solar Solutions is one of the nation’s leading residential solar, energy efficiency and energy education providers. PosiGen has more than 6,000 residential customers, 165 direct employees and 150 contract employees in Louisiana, Connecticut and New

York. PosiGen’s unique services and products make solar energy affordable to homeowners ofall income levels, and offer individuals, families and businesses the opportunity to achieve greater fiscal autonomy and energy independence by lowering their utility bills. To learne verything about PosiGen, please visit www.posigen.com.

 

For More Information, Contact:

Gladys Rivera
Connecticut Green Bank
(860) 257-2351

Rebecca Brockway
McDowell Jewett Communications
(860) 604-6653

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Connecticut Homeowners Investing Heavily in Solar Reducing Energy Costs with Connecticut Green Bank Financing

More Than 10,000 Homeowner Participants to Date; Solar Demand in State More Than Doubling Annually; Connecticut Third in U.S. for Economic Potential of Residential Solar Systems

ROCKY HILL, Connecticut, March 3, 2015 –- More than 10,000 Connecticut homeowners have invested in solar panels to date, drastically reducing their electric bills and taking advantage of decreasing solar installation costs. The Connecticut Green Bank’s Go Solar Connecticut initiative is poised to support the rapid expansion of solar with a suite of homeowner resources, including education, qualified installers, and financing.

Residential photo voltaic (PV) solar systems are more affordable than ever, given rising electric rates, declining installation costs, and flexible financing options for both leasing and ownership. Approved Go Solar projects have saved state residents an average of more than $1,100 per household on their utility bills.* And solar systems generate “free electricity” during their 25-to-30-year life cycles.

“Residential solar is growing exponentially in Connecticut,” said Bryan Garcia, President and CEO of the Connecticut Green Bank (formerly the Clean Energy Finance and Investment Authority), which directs Go Solar. “There has never been a better time to switch to solar energy. Solar demand in Connecticut is more than doubling every year, and the National Renewable Energy Laboratory recently ranked Connecticut third among states for favorable economics of going solar.”

Garcia added: “Going solar is a smart choice, particularly now with the widespread availability of financing, including no-money-down options for leasing and owning your system. Using reliable, pollution-free technology, these systems allow homeowners to take more control of their energy bills, making it easier to manage expenses over many years.”

Solar PV systems also increase property values without raising property taxes. Homes with solar panels sell twice as fast, on average, and at a premium compared with homes without solar panels.** Citing another important benefit, Garcia noted: “Installing a solar system contributes to economic development and creates jobs. Go Solar installations have created more than 2,000 jobs in the residential solar PV market in Connecticut. Converting to solar energy also helps the environment. Buildings produce about one-third of carbon emissions in the United States. Solar power can reduce a household’s carbon emissions by three to four tons a year –- the equivalent of planting more than 100 trees annually.”

“Our Go Solar program makes the move to solar energy easier and more affordable than ever,” said Kerry O’Neill, Connecticut Green Bank Director of Residential Programs. “We are very sensitive to how quickly a homeowner may become overwhelmed or confused while researching the benefits of solar. So we created a very user-friendly website for residents to learn everything they need to know at www.gosolarct.com. Not only will homeowners be able to get a better handle on the technology; they also can take advantage of attractive financing, including loans and leases, through a simple application process and attractive terms. Many of the local and regional solar contractors with whom we work also provide additional financing options.”

For even more savings, the Connecticut Green Bank is offering two free lease payments to any new customer who applies for the CT Solar Lease by March 31, 2015. O’Neill added that homeowners who go solar also have the opportunity to take advantage of additional incentives and tax credits. For an average solar installation, the incentive from the Connecticut Green Bank is 10 to 15 percent of the system’s installed cost. Factor in the federal tax credit, scheduled to expire Dec. 31, 2016, and a homeowner can enjoy a credit of 30 percent of a system’s installed cost, less the Green Bank’s incentive.

About Go Solar Connecticut

Go Solar Connecticut, available through the Connecticut Green Bank, provides state residents with easy, affordable financing options for solar photovoltaic (PV) systems for their homes. The program combines the resources of local lenders and contractors to help residents reduce their energy bills and take advantage of decreasing solar installation costs while building a clean energy future for Connecticut. Please visit www.gosolarct.com for more information, including 10 reasons to go solar, what qualifies a home for solar panels, video, a buyer’s guide, financing options, how to find a contractor, success stories and FAQs.

About The Connecticut Green Bank (formerly CEFIA)

CEFIA was established by Connecticut’s General Assembly on July 1, 2011 as a part of Public Act 11-80. This quasi-public agency, now known as the Connecticut Green Bank, superseded the former Connecticut Clean Energy Fund. The Green Bank’s mission is to lead the green bank movement by accelerating private investment in clean energy deployment within Connecticut and to achieve economic prosperity, job creation and energy security throughout the state. As the nation’s first full-scale green bank, the organization leverages public and private funds to drive investment and scale up clean energy deployment in Connecticut.

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Contact:
Deborah Burns
203.257.3163
[email protected]


* Based on Dec. 31, 2014 Connecticut Light & Power and United Illuminating electricity rates. Actual savings will vary, depending on the installation.

** The Effects of State Policy Suites on the Development of Solar Markets. NREL/TP-7A40-62506: November 2014. D. Steward and E. Doris National Renewable Energy Laboratory. www.nrel.gov/docs/fy15osti/62506.pdf

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Governor Malloy Announces Policy Proposal in Support of Solar on Homes

Solar PanelsGovernor Malloy is announcing a policy to expand investment in residential solar PV in Connecticut. As we have worked together with you on this through the fall and into the winter, the policy will expand the Residential Solar Investment Program target to no less than 300 MW by 2022 through the creation of Solar Home Renewable Energy Credits (SHRECs) to support the Class I Renewable Portfolio Standard (RPS) policy implementation.

This policy will:

  • Increase private investment of over $1 billion in the deployment of no less than 300 MW of residential solar PV in ConnecticutCreate 6,342 job-years in the growing industry and improve the state’s economy by $537 million
  • Save all ratepayers between $68-$186 million in Class I RPS compliance costs
  • This is an exciting moment for residential solar PV industry in Connecticut – and we need your attendance at the event to support Governor Malloy!

Details of the event:
Who: Governor Malloy, Rob Klee (Commissioner of DEEP) and Bryan Garcia (President and CEO of the Connecticut Green Bank)

What: Announcement of policy proposal to support solar on homes and jobs in Connecticut

Where: E.C. Goodwin Technical High School at 735 Slater Road in New Britain, CT 06053

When: Tuesday, February 10, 2015 at 11:00 a.m.

Why: This policy will attract more private investment in and deployment of residential solar PV in Connecticut providing benefits to all ratepayers and helping to sustainably build a growing industry

In preparation for the event, please confirm your attendance with our marketing director, Craig Connolly ([email protected]) and let him know if your company will be attending and how many members of your staff you expect to join this important event.

Again, we need your support behind Governor Malloy as he makes this important announcement!

Given the pending weather conditions, if details about the event or the announcement change, we will let you know Tuesday morning.

Regards,
Connecticut Green Bank

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Solarize Connecticut Wins “Project of Distinction Award” at PV America

Connecticut’s Green Bank, Yale, Duke & SmartPower Honored As “Driving Force” for Solar Energy

Boston, MA – Solarize Connecticut, a cutting-edge residential solar program that makes going solar easy and affordable, has been awarded the highly coveted “Project of Distinction Award” by the Solar Energy Industries Association (SEIA) and the Solar Electric Power Association (SEPA). The Award was presented at the Annual PV America Conference on Monday.

Solarize CTSolarize Connecticut is spearheaded by Connecticut’s Green Bank and is part of the US Department of Energy’s Solar Energy Evolution and Diffusion Studies (SEEDS). The entire program is a partnership with The Green Bank, SmartPower, Yale University and Duke University.

The 2015 Project of Distinction Award recognizes excellence in the industry, and to acknowledge that projects such as Solarize Connecticut and SEEDS Research are the driving force behind the success, growth, and future of solar.

“We are extremely proud of what the Green Bank and our partners have brought to Connecticut through the Solarize program,” stated Bryan Garcia, President and CEO of the Connecticut Green Bank. “The Project of Distinction award is truly an honor as it highlights the patent success of the Solarize model in bringing down the cost and accessibility of solar to Connecticut’s homeowners.”

“We’ve known that Solarize works,” said Brian F. Keane, President of SmartPower. “But to be recognized as ‘the driving force behind the success, growth and future of solar’ is a huge honor. To be sure, the real winners here, are the thousands of families across Connecticut who are now using solar power.”

“From providing a great educational opportunity to our student team at Yale to leading to cutting-edge research to truly helping Connecticut residents make an impact in meeting the state’s renewable energy goals, this collaborative project has been an unquestionable success,” said Ken Gillingham Assistant Professor at Yale University.. “We couldn’t be more happy to receive this recognition from PV America.”

“This has been an amazing collaboration between industry, government, and academia to study the factors that drive the success of the Solarize model,” said Bryan Bollinger, Assistant Professor of Marketing at Duke’s Fuqua School of Business.

Solarize is an increasingly popular program offered by the Connecticut Green Bank, formerly known as The Clean Energy Finance and Investment Authority (CEFIA), in partnership with SmartPower that increases residential solar through a proven formula. It relies on an on-the-ground outreach campaign that helps educate consumers while at the same time creating awareness and walks the consumer all the way from awareness about solar to actually purchasing it.  In Connecticut over 2,000 residential homes are now powered by solar energy as a result of the Solarize Connecticut Campaign.

About The Green Bank (formerly CEFIA)

CEFIA was established by Connecticut’s General Assembly on July 1, 2011 as a part of Public Act 11-80. This quasi-public agency, now known as the Connecticut Green Bank, superseded the former Connecticut Clean Energy Fund. The Green Bank’s mission is to lead the green bank movement by accelerating private investment in clean energy deployment within Connecticut and to achieve economic prosperity, job creation and energy security throughout the state. As the nation’s first full-scale green bank, the organization leverages public and private funds to drive investment and scale up clean energy deployment in Connecticut.

About SmartPower

SmartPower is the nation’s leading non-profit dedicated to helping Americans make clean energy decisions. Named the nation’s best non-profit marketing firm, SmartPower’s exclusive focus on energy efficiency and clean energy results in high visibility, high impact on-the-ground community campaigns designed to transform how customers use, adopt and invest in clean energy and energy efficiency.  www.smartpower.org.

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Contacts
SmartPower:
Brian F. Keane
202-775-2042

CT Green Bank:
Craig Connelly
860-257-2353

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