Connecticut Green Bank and OCOsink empower commercial building owners to make energy efficiency improvements  

New partnership combines the benefits of C-PACE financing with OCOsink’s process to simplify the creation of complex projects with an increased return on investment 

 

Hartford, CT (August 1, 2024) – The Connecticut Green Bank announces a new partnership with OCOsink, a West Hartford-based energy consultant, designed to help commercial building owners develop and manage projects that will increase their energy efficiency and achieve their energy goals, while allowing them to focus on their core business needs. By leveraging OCOsink’s Energy Program Facilitation (EPF) services, building owners are empowered to make improvements as complex energy concepts are translated into actionable projects with measurable results. This comprehensive solution is a cost-effective way to professionally engineer and manage energy efficiency projects, while taking advantage of the benefits of C-PACE financing.  Building owners who take advantage of EPF services could be eligible for interest rate reduction when they use C-PACE financing. 

“Buildings have been increasingly expensive to operate, due to rising utility rates and maintenance costs. Our process provides owners with the resources and framework to make impactful energy efficiency upgrades, transforming energy audits into comprehensive energy projects,” said DJ Plis, Founder and Managing Director of OCOsink. “Our goal is to make decarbonization accessible and to ensure long-term benefits for our clients and the environment.” 

OCOsink’s EPF services are value-driven and tailored to each property’s unique needs. The process includes project development, engineering and procurement, implementation oversight, and performance assurance.  

“We understand the challenges property owners face when trying to address complicated energy efficiency projects and their need for these improvements to be cash flow positive,” said Alysse Lembo-Buzzelli, Director of Program Development and Origination at the Green Bank. “Designing projects is a major pain point for owners interested in making changes but are uncertain how to get started. Our partnership with OCOsink solves this problem by providing assistance from development through completion and performance assurance for energy efficiency projects.” 

With C-PACE financing, building owners can cover up to 100 percent of the energy improvement costs with terms up to 25 years repaid through a voluntary benefit assessment. Projects financed through C-PACE are often cash flow positive in year one. Projects that utilize EPF services through OCOsink will be eligible for a reduced interest rate through the Green Bank. This interest rate reduction will offset the cost of EPF services, while also resulting in better financial return on investment for building owners. 

Learn more about EPF services and C-PACE financing, please visit www.ctgreenbank.com/EPF.