Evaluations

Evaluation Framework

The evaluation framework to guide the assessment, monitoring and reporting of the program impacts and processes, including, but not limited to energy savings and clean energy production and the resulting societal impacts or benefits arising from clean energy investment. Evaluation studies and analyses conducted or commissioned by the Green Bank fall within the various study categories presented in the Evaluation Framework.

Program Evaluations and Other Studies

The Green Bank hires consultants to conduct evaluations of its programs, both on its own and in response to legislative mandates. Other studies are also commissioned to independent firms on topics of relevance to the clean energy industry and the Green Bank.

Program evaluation studies that were prepared and conducted in response to mandates by the Connecticut General Assembly:

Cost-Effectiveness Assessment of the Residential Solar Investment Program – The Cadmus Group, Inc. (March 9, 2016) >

Residential Solar Investment Program Evaluation – The Cadmus Group, Inc. (January 30, 2015) >

Studies prepared by independent consultants on topics or programs of relevance to the Green Bank:

Connecticut Green Bank’s Residential Solar Investment Program: Economic Impact Analysis of Existing Commitments and Future Scenarios – Connecticut Center for Economic Analysis (CCEA) at the University of Connecticut, and Semnia LLC (February 9, 2015) >

Analysis of Solar Home Renewable Energy Credit (SHREC) Program – Sustainable Energy Advantage, LLC – January 20, 2015 >

Evaluation Reports

Evaluation studies generally address questions such as:

What framework should be used to understand and measure program performance and outcomes?
What metrics should be used to measure program performance?
How well is a program performing and how efficiently are program funds being utilized to achieve objectives?

The Green Bank has identified a number of societal benefits that accrue from the installation and operation of clean energy projects. It is collaborating with other parties to prepare reports that quantify those benefits and thus demonstrate more of the value that these projects deliver.

Bond Framework

Market Assessments

Studies assessing market potential tend to examine how technologies are used, and how much use they currently and could possibly receive. These reports provide guidance for programs on where they are likely to provide the most benefit.