Statement on EPA’s Action on NCIF   

Hartford, CT (March 12, 2025) – The Connecticut Green Bank stands with the other awardees of the National Clean Investment Fund (NCIF) competition through the Inflation Reduction Act as we continue our collective efforts to reduce the energy burden on families and businesses, create jobs in our communities, and improve public health through cleaner air and water. This week’s unlawful action by the EPA will undoubtedly slow the clean energy economy in Connecticut, which supports more than 45,000 jobs and continues to grow year over year, and now accounts for 2.4 percent, or over $7 billion, of Connecticut’s Gross Regional Product.   

The Green Bank’s winning NCIF bid, submitted through our partnership with the Coalition for Green Capital, would enable our model to increase investment in and deployment into energy efficiency upgrades for single and multifamily homes, solar and storage projects at schools and municipal buildings, and electric buses and clean transportation initiatives. Since 2011, we have successfully worked with partners to create nearly $3 billion in investment in similar projects across our state.  

We will continue to evaluate next steps and urge the EPA to restore the lawfully awarded funds.