Hartford Office
75 Charter Oak Avenue
Suite 1-103
Hartford, CT 06106
Stamford Office
700 Canal Street
5th Floor
Stamford, CT 06902
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The Connecticut Green Bank is committed to helping the State of Connecticut meet its goal of deploying zero emission school buses to every environmental justice school district by 2030 and all school districts by 2040. The transition to electric school buses will include bus charging infrastructure and electric system upgrade costs. Our low interest financing products can help address these capital barriers and accelerate school bus fleet electrification.
Electric School Bus Benefits:
Public Health Electric school buses directly reduce kids’ exposure to harmful contaminants from diesel exhaust and improve community-wide air quality conditions by lowering emissions of particulate matter and nitrous oxides.1
Zero Emissions The transportation sector currently accounts for over 40% of Connecticut’s annual carbon dioxide emissions. Converting diesel school buses to electric is an effective and equitable way to lower Connecticut’s carbon footprint.2
Superior Performance Electric school buses can deliver operational savings through lower fuel and maintenance costs than their diesel counterparts. These savings add up over time and can help schools and school bus offset a portion of the higher upfront cost of ESBs.3
What financial support is available?
The Green Bank can provide low-interest, long-term financing for any electric school bus project in the state, with additional opportunities for projects located in Distressed Municipalities4 and under-served communities. In addition to delivering loans
that can bridge the period between capital outlays and the receipt of incentives, the Green Bank can provide low-interest financing for electric school bus, charging equipment, and electric system upgrade costs.
| Electric School Buses | Charging Equipment | Electric System Upgrades |
 |  |  |
| Up to 10 years | Up to five years | Up to 20 years |
The Green Bank can offer flexible financing terms that match the projected lifetime of the project asset. The Green Bank’s federal National Clean Investment Fund award has provided it with additional capacity to provide low-interest financing for various ESB project deployment costs, such as remaining bus costs following the application of grant awards. Low-interest Green Bank financing can also be combined with state and federal grant programs, including the EPA Clean School Bus Program.
Need Help Getting Started?
We are ready to answer your questions! Whether you represent a school district, school board, or school bus operator, we can help you identify the right financial solution to meet your project needs.