Lock in electricity costs now with no money down
Have you been wondering if solar could help lower your electricity costs? When every dollar matters, finding a way to control electricity costs can have a positive impact on your mission and bottom line. Through the Connecticut Green Bank’s Solar PPA you can go solar with no money down, and receive immediate savings on your electricity. A power purchase agreement, or PPA, allows you to purchase the electricity generated by the solar system on your building often at a significant discount to grid power. The Green Bank oversees the development and management of the system minimizing your worries.
No upfront installation costs and no new debt
Reduce your bill by locking in low electricity costs
Positive cash flow in year one
With a PPA from the Green Bank you can:
- “Go solar” without any upfront costs or incurring any debt
- Lock in low electricity costs and realize predictable energy production over standard 20-year agreement term
- See positive cash flow in year one
- Let customers, employees, residents, competitors, and community see environmental impact
- Rest easy knowing you don’t maintain the system or manage equipment and warranty issues
- Have the option of purchasing the system at fair market value in the future
- Transfer the PPA to a new building owner if you sell the property, possibly increasing sales price
Commercial and nonprofit properties
Must meet C-PACE financing requirements or alternative underwriting criteria.
Municipal properties and publicly owned institutions
Public properties can use Green Bank Solar PPA; municipalities must have investment grade credit rating or alternative underwriting.
It's easy to get started!
Building upgrades are best accomplished with the help of an experienced partner. We’re here to help you source a qualified contractor and provide the financing to get the job done.