Granite Property Holdings Goes Solar with C-PACE

The 26.5-kW system will save tenant businesses more than $230,000

 

Rocky Hill, CT (July 11, 2018) – The Connecticut Green Bank is pleased to announce that Granite Property Holdings, LLC, has installed a 26.5-kW solar photovoltaic (PV) system on their roof at 55 Middletown Ave., North Haven, using Commercial Property Assessed Clean Energy (C-PACE) financing. The system will help lower the energy burden on the tenant businesses, with projected energy savings over the life of the system expected to surpass $230,000.

The primary tenant is Granite Communications, a communications firm founded in 1996 to implement business and VoIP telephone systems, hosted or cloud based voice platforms and call management solutions, to improve customer service, enhance productivity and lower costs.

The 81 panels were installed by Harvest Power Solar, headquartered in Bay Shore, NY, and the property owners worked with Lori Scala, a solar consultant, to qualify and select the contractor.

“When Scott Ward and I bought the building in 2011, we felt that the flat roof and lack of any nearby trees made going solar a natural fit. However, we soon learned that the process and procedure was daunting with specific requirements from the town building department, the utility and various state departments,” said Gregg Haughton, partner in Granite Property Holdings and CEO of Granite Communications. “Lori Scala and Harvest Power helped us navigate the process to get C-PACE financing from Connecticut Green Bank, and qualify the Zero Emissions Energy Credits that make the project viable. They also satisfied the town building department’s requirements as well as worked with the utility to make sure the system meets electrical codes.”

For more information on C-PACE, please visit www.cpace.com.

 

 

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Malibu Fitness Installs Solar System with C-PACE Financing

Farmington fitness center anticipates energy savings of over $800,000

Rocky Hill, CT (June 7, 2018) – The Connecticut Green Bank announces that Powerhouse Partners, LLC, has closed on Commercial Property Assessed Clean Energy (C-PACE) financing for the installation of a 131 kW solar photovoltaic (PV) system at their business, Malibu Fitness, located at 15 Executive Drive in Farmington. The system will help lower the energy burden on the business, with projected energy savings over the life of the system expected to surpass $800,000.

Malibu Fitness was built in 2006 as a California style fitness center in a 27,000 square foot facility. Owners Paul Carson and Jack Banks have also been the owners of the hugely popular Powerhouse Gym of Berlin, CT, which began in 1981. Both Jack and Paul have designed Malibu Fitness with an open, airy space, superior air-flow, and individual group training rooms for yoga, spinning and Pilates as well as one on one boxing training. They pride themselves on their overall strict standards of cleanliness and attention to air filtration maintenance. Member satisfaction is personally attended to by a dedicated staff.

“At Malibu Fitness, we care about our members’ physical and mental health. That means a clean, comfortable facility and high-quality fitness equipment as well as HVAC equipment, and that requires a lot of electricity,” said Jack Banks. “With solar panels, we can generate clean energy, which helps the environment. It’s another commitment to the health of our community, and it lowers our costs too.”

64 Solar of Scarsdale, NY, installed the system, which is expected to produce 157,432 kWh in its first year.

“Between lighting, equipment, and other electronic needs, fitness centers like Malibu Fitness can face a sizeable energy burden,” said Mackey Dykes, Vice President Commercial and Industrial Programs. “Finding a way to reduce these costs can unlock cash flows, and help them focus on their core business. With C-PACE financing, Malibu Fitness will realize immediate savings and make a positive impact on the environment.”

For more information on Malibu Fitness, please visit www.malibufitness.us. For more information on Connecticut Green Bank or C-PACE financing, please visit cpace.com.

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Cross Island Provisions Closes on C-PACE Financing for Solar PV

Savings from the solar system are projected to surpass $560,000 over 20 years

Rocky Hill, CT (May 22, 2018) – The Connecticut Green Bank announces that Cross Island Provisions Inc., located at 49 Plains Road in Essex, has closed on Commercial Property Assessed Clean Energy (C-PACE) financing for the installation of an 80.6 kW solar photovoltaic (PV) system on their building. The system will help lower the energy burden on the business, with projected savings over the life of the system expected to surpass $560,000.

The 5,800-sq. ft. facility is used for commercial operations related to the distribution of Boar’s Head delicatessen meats, cheeses and condiments by a group of inter-related companies owned and operated by the Piagentini family.

“Our family business always strives to be the most environmentally friendly company in distribution. With the addition of solar panels to our warehouse we feel we are even closer to reaching this goal,” said Michael Piagentini, owner of Cross Island Provisions. “There are so many positives to this green project, both environmentally and financially. We are excited to share our solar success with other distributors in our industry.”

SolarUS, headquartered in Branford, installed the system, which is projected to reduce CO2e emissions by 61 tons and produce 91,130 kWh of electricity in year one. Commercial Solar Systems of Hamden is the contract holder.

“C-PACE financing is great for businesses like Cross Island Provisions,” said Mackey Dykes, Vice President of Commercial, Industrial, and Institutional Programs at the Green Bank. “This solar project will reduce their carbon footprint and their energy costs. We hope other distributors will follow their example.”

For more information on C-PACE, please visit cpace.com. For more information on Solar US, please visit solarusmfg.com.

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Connecticut Green Bank Receives 2018 State Leadership in Clean Energy Award for Connecticut “Solar for All” Program

Partnership with PosiGen increased solar penetration by 188% in low-income communities

Rocky Hill, CT (May 16, 2018) — The Connecticut Green Bank was honored as a recipient of a 2018 State Leadership in Clean Energy Award for its Connecticut “Solar for All” program, a partnership with PosiGen Solar and Energy Efficiency. This was one of only six programs nationwide to win a 2018 “SLICE” Award for its outstanding accomplishments. The Clean Energy States Alliance (CESA), a nonprofit coalition of public agencies working together to advance clean energy, established these biennial awards to highlight model programs and projects that have accelerated the adoption of clean energy technologies and strengthened clean energy markets. The recipients of the awards were chosen by an independent panel of five distinguished judges, each with years of experience in clean energy.

The Connecticut “Solar for All” partnership is a ground-breaking public-private effort between the Green Bank and PosiGen. With Green Bank support, PosiGen offers a low-to-moderate income (LMI) targeted solar lease paired with energy efficiency measures for homeowners, regardless of income or traditional measures of creditworthiness. Since the partnership launched, solar penetration in Connecticut’s low-income communities has increased 188% and over 800 low-income verified households have signed up to go solar with PosiGen.

“Connecticut has the highest energy costs in the country, which places an undue energy burden on families, especially our most vulnerable citizens,” said Bryan Garcia, President and CEO of the Connecticut Green Bank. “In 2014, the Green Bank recognized that low to moderate income households were being left behind and were not benefiting from the growing green energy economy. Our ‘Solar for All’ partnership with PosiGen was created to address this issue, and the results speak for themselves. We are proud to be honored by CESA and proud to bring our vision for inclusive prosperity to all Connecticut residents.”

“Our partnership with the Green Bank has enabled us to dramatically lower energy costs and deliver positive financial impact to lower income families in Connecticut,” said Thomas Neyhart, CEO of PosiGen. “Our unique pairing of solar with energy efficiency further improves the health, safety, and comfort of our families, as well as the durability and value of their homes. We are truly honored to work with such an exceptional team at the Green Bank and look forward to continued success in our campaign to deliver Solar for All.”

CESA member organizations from across the U.S. submitted nominations for the 2018 SLICE Awards. Entries were judged based on public benefits and results, cost effectiveness, leadership and innovation, and replicability.

The five judges who reviewed all the nominated programs were: Elizabeth Doris (National Renewable Energy Laboratory); Sara Fisher-Goad (former Executive Director of the Alaska Energy Authority); John Geesman (former Commissioner at the California Energy Commission); Rebecca O’Neil (Pacific Northwest National Laboratory); and Devrashree Saha (Council of State Governments).

According to the judges, “The public-private partnership structure has allowed the CT Green Bank to use limited public dollars to attract sevenfold private investment, maximizing the program’s impact.”

CESA is publishing a case study on the Solar For All program in June. It will be posted on CESA’s website.

Additionally, CESA will host an upcoming webinar presentation on Thursday, August 2 at 1 pm EDT with guest speakers Kerry O’Neill, Vice President of Residential Programs at the Green Bank, and Beth Galante, Vice President of Business Development & Government Relations at PosiGen. For more information on this free webinar and to register, click here.

For more information, please visit posigen.com.

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Plastonics Closes on C-PACE Financing for Solar, Efficiency Project

Energy savings will surpass $775,000 for the Hartford powder coating business

 

Rocky Hill, CT (April 19, 2018) – The Connecticut Green Bank announces that Plastonics, located at 230 Locust Street, Hartford, has closed on Commercial Property Assessed Clean Energy (C-PACE) financing for the installation of a 99.7 kW solar photovoltaic (PV) system and energy efficiency upgrades to their lighting, HVAC system and roof insulation. Projected savings over the effective useful life of the upgrades is expected to surpass $775,000.

Established in 1959, Plastonics, Inc. was a pioneer in the powder coating business and continues to remain an innovator in the industry. They have developed specialized equipment for many unique applications, and automated equipment is used when possible to provide cost-effective operations. Plastonics applies coatings for automotive, medical, aerospace, military, marine, electronics and building hardware markets as well as consumer applications.

In addition to C-PACE financing, the project utility incentives and an Energy on the Line grant, an initiative funded through the Connecticut Department of Economic and Community Development’s Manufacturing Innovation Fund.

Design with Nature LLC in Avon, CT, provided technical assistance on the energy efficiency improvements, and the solar PV system was installed by All Green It, a solar photovoltaic contractor firm headquartered in Bristol, CT. The system is projected to produce 116,000 kWh per year.

“This was a perfect time to proceed with this project,” said Bob Zimmerli Jr., President of Plastonics. “The federal and state rebates were available, the solar panels will hopefully save us money for many years to come, and the LED lighting will make our work space brighter and better for our employees.”

“Using C-PACE financing, manufactures can lower energy costs, run more efficiently, have a greener footprint in the environment, and improve condition for their employees,” said Mackey Dykes, Vice President of Commercial, Industrial, and Institutional Programs at the Green Bank. “Energy efficiency measures and solar will help Plastonics, like many other Connecticut manufacturers that have used C-PACE, remain strong.”

For more information about Plastonics, visit www.plastonics.com. For information on C-PACE, visit www.cpace.com.

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Connecticut Green Bank presents 2017 PACEsetter Awards

Rocky Hill, CT (March 15, 2018) – The Connecticut Green Bank announced the winners of the 2017 PACEsetter Awards during a ceremony today at the Energize Connecticut Center in North Haven. The award winners are a driving force behind the success of the Green Bank’s Commercial Property Assessed Clean Energy (C-PACE) program. This is the third annual PACEsetter Awards ceremony. 

The Connecticut Green Bank created the PACEsetter Awards to acknowledge contractors, building owners and other stakeholders who are advancing the green energy movement through C-PACE, and whose leadership establishes a “pace” for others in their field to follow.

C-PACE is an innovative program, administered by the Green Bank, which helps commercial, industrial, and non-profit property owners access affordable, long-term financing for meaningful energy upgrades to their buildings. C-PACE enables building owners to finance qualifying energy efficiency and renewable energy improvements through a voluntary assessment on their property tax bill. As the program grows, more Connecticut businesses achieve lower energy costs and increase their bottom-line. The Green Bank recently announced that they had closed their 200th C-PACE project.  

“Our ‘PACEsetters’ are the driving force behind the C-PACE program. Without our strong contractor network, leadership by building owners, dedicated municipal officials, and other stakeholders who are leading the charge, the program would not have realized so much success,” said Mackey Dykes, Vice President of Commercial, Industrial, and Institutional Programs at the Connecticut Green Bank. “The Connecticut Green Bank recently passed an exciting milestone, closing our 200th C-PACE project – we are pleased to recognize some of the individuals and organizations who helped us to achieve this.”

The Green Bank acknowledged contractors, building owners and other stakeholders across multiple categories:

 Top Performer, 2017

Green Earth Energy, a C-PACE contractor based in East Windsor who closed 8 C-PACE projects in 2017, the most of any contractor in the program

Outstanding Project, 2017

Earthlight Technologies of Ellington & Constantinos Constantinou for their comprehensive solar and energy efficiency project financed through C-PACE at 28 High Street, Hartford, CT, a mixed-use property including residential space. This project included a 52.2 kW solar PV system and upgrades to insulation, LED lighting, windows, condensing furnaces, and HVAC systems.

Design With Nature of Avon, CT & Metal Finishing Technologies for their comprehensive energy efficiency project financed through C-PACE at Metal Finishing Technologies’ Bristol, CT manufacturing facility. This project included upgrades to HVAC systems, compressors, interior lighting and windows.

Direct Energy Solar, a Centrica Business Solutions company, of Middletown, CT & Durham Agricultural Fair Association, Inc. for their solar project, a Power Purchase Agreement (PPA) secured by C-PACE, at the Durham Agricultural Association Fairgrounds in Durham, CT. The solar PV system at the Fairgrounds is 188.65 kW.

Accelerating PACE, 2017

Patricia Crisco, Tax Collector for the Town of Woodbridge, CT, who has been a leader in her municipality’s participation in C-PACE.

Jeffrey Pugliese of the Middlesex Chamber of Commerce, who has been a driving force in supporting the use of C-PACE to strengthen the business community in the Middlesex region.

NorthEast Energy Designs and Solutions of Stamford, CT, which is effectively utilizing C-PACE to collaborate with building owners and develop comprehensive C-PACE projects.

64 Solar of Port Chester, NY, which closed five solar projects in 2017 using C-PACE financing and C-PACE secured PPAs, demonstrating how solar and PACE can empower Connecticut building owners.

  

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Glenbrook Industrial Park Uses Solar to Save on Energy Costs

Connecticut Green Bank’s C-PACE program finances solar and roof upgrade

Rocky Hill, CT (March 6, 2018) – The Connecticut Green Bank announces that Glenbrook Industrial Park, located at 650 Glenbrook Road in Stamford, has closed on Commercial Property Assessed Clean Energy (C-PACE) financing for the installation of a 135 kW solar photovoltaic (PV) system and upgrades to their roof. Projected savings over the effective useful life of the upgrades is expected to surpass $1 million.

The 181,216-square-foot manufacturing and industrial park building was originally constructed in 1938, and currently houses various artisans and light manufacturing firms. Since there are manufacturers in the building benefiting from the energy improvements, the project received an Energy on the Line grant, which is funded through the Connecticut Department of Economic and Community Development’s Manufacturing Innovation Fund.

The solar PV system was installed by 64 Solar, a commercial solar photovoltaic contractor firm headquartered in Westchester, NY. The system is projected to produce 162,000 kWh per year.

“The solar PV and our ‘cool’ roof will help our tenants continue their work, but in an even more ‘green’ way,” said owner representative Clay Fowler of Spinnaker Real Estate Partners LLC in South Norwalk.

“The Green Bank is excited to see the impact of C-PACE on the businesses in this multi-tenant property,” said Mackey Dykes, Vice President of Commercial and Institutional Programs at the Green Bank. “Property owners and tenants alike face many obstacles on their paths to success. Through C-PACE, we can help lower energy costs, allowing property owners to run more efficiently while having a greener footprint in the environment.

For information on C-PACE, visit www.cpace.com. For more information about 64 Solar, visit www.64Solar.com. 

 

 

 

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Business Leaders Advocate for Strengthening Connecticut’s Clean Energy Future

Connecticut Green Bank President and CEO Bryan Garcia honored as NECEC’s 2018 Clean Energy Champion

(press release provided by NECEC)

February 15, 2018 — As part of the Northeast Clean Energy Council’s (NECEC) Clean Energy Day, clean energy business leaders visited 

Janet Besser, NECEC’s Executive Vice President, hands a plaque to Connecticut Green Bank President and CEO Bryan Garcia, recognizing him as 2018 CT Clean Energy Champion.

the Connecticut State House today to advocate for legislation to extend Connecticut’s Renewable Portfolio Standard (RPS) and support solar and distributed generation markets, among other clean energy priorities.

“This is a critical legislative session to keep Connecticut on a path towards a sustainable and economical clean energy future,” said NECEC President Peter Rothstein. “It’s critical that lawmakers increase the RPS to enable businesses and residents to obtain the economic, energy and environmental benefits provided by a strong clean energy market.”

NECEC’s legislative agenda is detailed in its 2018 Connecticut Clean Energy Priorities, which outlines key legislation needed to advance clean energy in the Constitution State. NECEC’s top priority is increasinging Connecticut’s RPS to achieve 50 percent renewable energy by 2030. The current RPS is set to end at 20 percent in 2020. According to a recent study, an increase of two to three percent per year will create jobs, lower wholesale energy prices, improve energy diversity and lower greenhouse gas emissions.

During Connecticut Clean Energy Day, NECEC recognized Bryan Garcia, President and CEO of the Connecticut Green Bank, as its 2018 Clean Energy Champion. As the first state-sponsored green bank in the nation, Connecticut Green Bank has mobilized over over one billion dollars of investment in clean energy and energy efficiency in only six years. Garcia’s leadership of the bank has helped lower energy costs for over 24,000 Connecticut homes and businesses, reduce over 3.7 million metric tons of greenhouse gas emissions, and generation of 235 MW of clean energy. Prior to joining Connecticut Green Bank, Garcia served as Program Director of the Yale Center for Business and the Environment.

About NECEC

NECEC (Northeast Clean Energy Council & NECEC Institute) is the premier voice of businesses building a world-class clean energy hub in the Northeast, helping clean energy companies start, scale and succeed with our unique business, innovation and policy leadership. NECEC includes the Northeast Clean Energy Council (a nonprofit business member organization), and NECEC Institute (a nonprofit focused on industry research, innovation, policy development and communications initiatives). NECEC brings together business leaders and key stakeholders to engage in influential policy discussions and business initiatives while building connections that propel the clean energy industry forward.

 

 

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C-PACE Financing Closes for 287 Main Street, East Hartford

$290,000 project increases energy efficiency and property value

 

Rocky Hill, CT (February 6, 2018) – The Connecticut Green Bank announces that 287 Main Street in East Hartford has closed on Commercial Property Assessed Clean Energy (C-PACE) financing. The approximately $290,000 project will upgrade the lighting, boilers, air conditioning, and electrical service to improve energy efficiency, increase comfort for the building’s tenants. The building owners will finance just over $246,000 of these improvements over a six-year repayment term. This project was the 200th project financed through C-PACE in Connecticut.

“SGPB LLC purchased the building in 2016, the energy upgrades facilitated by the C-PACE financing helps to reduce the burden on Connecticut’s electrical grid,” said Terry McDonald, the property manager who has an equitable interest in the property. “Through the C-PACE financing we can make improvements in a way that works to modernize the building and lower costs.”

The 27,000 square foot building is home to businesses as well as Inter-Community, Inc., a community non-profit health organization with an Outpatient Psychiatric Children’s Clinic, serving children ages 3-18 and their families, on the fourth floor.

“With C-PACE, we are seeing property owners and tenants receive significant value,” said Mackey Dykes, Vice President of Commercial, Industrial and Institutional programs at the Green Bank. “If the motivation is increasing property value, increasing energy efficiency, improving reliability or comfort for employees, or a combination of these, C-PACE provides a great opportunity for commercial properties across the state.

For more information on C-PACE, visit www.cpace.com.

 

 

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Connecticut Green Bank Closes 200th C-PACE Project

Rocky Hill, CT (Jan. 30, 2018) – The Connecticut Green Bank announces that the state’s Commercial Property Assessed Clean Energy (C-PACE) program has surpassed 200 closed projects totaling more than $114 million in clean energy investment in businesses. C-PACE is an innovative program that is helping commercial, industrial and multi-family property owners access affordable, long-term financing to save money and make smart energy upgrades to their buildings.

According to PACENation, an industry group promoting Property Assessed Clean Energy (PACE) financing, Connecticut is second only to California in total dollars financed through C-PACE.

“Again, Connecticut leads the C-PACE market it helped pioneer, topping 200 projects”, said David Gabrielson, PACENation’s Executive Director. “The Green Bank team has built a very effective program centered on high standards, great marketing, and an open market approach that encourages private sector engagement and investment in improving buildings throughout the state.”

The Connecticut Green Bank, the nation’s first full-scale green bank, leverages limited public dollars to attract private investments that scale-up renewable energy deployment and energy efficiency projects across the state. Of the capital deployed through the Green Bank’s C-PACE program 70 percent comes from private investors, including from a $100 million facility established with a private sector investor, and C-PACE projects originated and financed through other capital providers. The Green Bank has also securitized and sold C-PACE transactions in the past. The Green Bank’s administration of the program ensures that investors are confident using their capital to finance C-PACE projects.

In 2017, 50 projects closed on financing through the Green Bank’s C-PACE program – these projects will provide an estimated cost savings of $8.6 million, create 119 job years and will result in 6,653 kW of installed solar PV capacity. Cumulative program total for installed capacity is now nearly 25,000 kW and total job years now exceeds 1,300. In total, Connecticut’s C-PACE projects will produce an estimated $204.5 million in energy cost savings reducing the burden of energy costs on businesses and non-profit organizations across the state.

“While the majority of C-PACE projects are in industrial, retail or office buildings, we are seeing building owners and tenants in other sectors, such as houses of worship, non-profits, and educational facilities, taking advantage of C-PACE financing,” said Mackey Dykes, Vice President of Commercial, Industrial and Institutional Programs at the Green Bank. “C-PACE can help modernize and improve the efficiency of almost any type of commercial building, while lowering energy costs and increasing the value of the property, making it easy to understand why C-PACE has been so successful. Connecticut’s C-PACE program has a strong growth trajectory thanks to an engaged community of contractors, municipal officials, capital providers, building owners and other stakeholders that support C-PACE.”

“By attracting private investment into Connecticut to finance the deployment of clean energy in our communities, together we are reducing the burden of energy costs on our businesses and non-profit organizations,” stated Bryan Garcia, President and CEO of the Connecticut Green Bank.  “We are enabling businesses to be more competitive and helping our non-profit organizations better serve their missions by reducing energy costs.”

The Green Bank also reports that Q3 and Q4 of calendar year 2017 were the best back-to-back quarters in number of closed projects (36) since the C-PACE program’s inception in 2013.

Click here to read more about the 200th project.

For more information on C-PACE, please visit http://www.cpace.com.

 

 

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