Financing Residential Solar in Connecticut #1: Insights into Loan Programs
Financing Residential Solar in Connecticut #1: Insights into Loan Programs
Register at https://attendee.gotowebinar.com/register/6567252541191848026
The second webinar in the “Spotlight on Solar in Connecticut” webinar series will focus on the role of financing, delving deeper into the structure and benefits of two loan products: the CT Solar Loan and the Smart-E Loan. Using $8 million of repurposed American Recovery and Reinvestment Act (ARRA) funds as credit enhancements, the Green Bank was able to use $25 million in state and federal funds to mobilize $180 million of private capital investment in residential clean energy deployment. In a venture with Sungage Financial, the Green Bank supported a clean energy finance entrepreneur in demonstrating the viability of a specific solar loan product. In collaboration with nine local community banks and credit unions, the Green Bank’s Smart-E loan provides a second loan loss reserve for unsecured financing of clean energy projects, including residential solar.
