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
Eligibility requirements
- “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
Properties must meet C-PACE financing requirements or, on an exception basis, alternative underwriting criteria. All types of privately owned commercial properties (industrial, office, retail, agricultural, multifamily, faith-based institutions, recreational facilities, museums, and more) that are current on their property tax (if applicable) and assessment payments can use the C-PACE program to make energy improvements. Nonprofits can be assigned a tax identification number to make payments through the program.
Municipal properties and publicly owned institutions
Public properties and institutions can use the Green Bank Solar PPA to add solar to their buildings. Municipalities must have an investment grade credit rating in order to qualify, or otherwise be subject to alternative underwriting criteria.
Featured Customer Story
Renovated sports facility achieves nearly $2 million in lifetime energy savings
Spinnaker Real Estate Partners used C-PACE financing to install a 312 kW rooftop solar system at SoNo Ice House in Norwalk, CT, projected to save $1.96 million in energy costs over the life of the upgrades.
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.