Since the Connecticut Green Bank’s inception through the bipartisan legislation in July 2011, we have mobilized $3.11 billion of investment into the State’s green economy.
We have deployed $3.11 billion in total investment using only $463.3 million in Green Bank dollars, a leverage ratio of $6.70 for every $1. The impact of our deployment of renewable energy and energy efficiency to families, businesses, and our communities is shown in terms of economic development, environmental protection, equity, and energy (data from FY 2012 through FY 2025).
Economic Development
Jobs – The Green Bank has supported the creation of more than 30,539 direct, indirect, and induced job-years.
Tax revenues – The Green Bank’s activities have helped generate an estimated $157.9 million in state tax revenues: $60.6 million individual income tax, $60.6 million corporate taxes, $35.4 million sales taxes, and $1.2 million property taxes.
Energy
Energy burden – The Green Bank has reduced the energy costs on more than 69,000 families, 8,500 businesses, and our communities.
Deployment – The Green Bank has accelerated the growth of renewable energy to more than 732.2 MW and lifetime savings of over 93.9 million MMBTUs through energy efficiency projects.
Environmental Protection
Pollution – The Green Bank has helped reduce air emissions that cause climate change and worsen public health, including 7.1 million pounds of SOx, 8.9 million pounds of NOx, and 11.8 million tons of CO2 – the equivalent of 178 million tree seedlings grown for 10 years, or 2.3 million passenger vehicles driven for one year.
Public health – The Green Bank has improved the lives of families, helping them avoid sick days, hospital visits, and even death, for a lifetime public health value of $234.7 – $520.8 million.
Equity
Investing in vulnerable communities – The Green Bank has set goals to reach 40% investment in communities that may be disproportionately harmed by climate change.
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Investment Strategy
We leverage a public-private financing model to create solutions that increase the number of clean energy projects statewide.
Planning
The Connecticut Green Bank follows a comprehensive plan to fulfill its mission. Read our plans and budgets for 2022 and beyond.
Reporting & Transparency
The Green Bank values transparency and responsible stewardship of ratepayer funds as management principles and a cornerstone of our leadership.
Evaluation
Learn how we guide the assessment, monitoring, reporting and evaluations of our program impacts and processes.
Societal Impacts
Our work increases the investment and deployment of clean energy, which results in benefits to our economy, environment, energy, and equity.
MAYA Tool
See our impact on Connecticut by geographies, including county, city, utility service, political district, and census tract.
Successful Legacy Programs
These past programs and projects tell the story of the Green Bank’s innovative approach to deploying green energy.