With ambitious climate, energy, and sustainability commitments emerging at the national and local levels in the United States, substantial investment will be required to meet this.
By Liese Klein
From expanding Hartford’s Parkville Market to establishing an advanced manufacturing hub in the city, plans are under way to spend nearly $800 million in Connecticut economic development funds expected from President Biden’s American Rescue Plan Act pandemic relief package.
“As Connecticut recovers, it’s clear that an investment needs to be made to ensure that our businesses can survive, that they can grow and that all members of society can access development opportunities throughout our state,” said state budget chief Melissa McCaw, who recently outlined Gov. Ned Lamont’s proposal for deploying the stimulus funds.
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The Connecticut Green Bank has announced that the state’s Commercial Property Assessed Clean Energy (C-PACE) program surpassed $200 million in clean energy investment in local businesses. C-PACE is an innovative program that helps commercial, industrial and multifamily property owners access affordable, long-term financing to make smart energy upgrades to their buildings that can create immediate savings.
According to PACENation, the non-profit industry group that promotes Property Assessed Clean Energy (PACE) financing, Connecticut’s C-PACE program is the most successful in per capita deployment when compared to other state programs.
This $200 million supported nearly 340 closed projects, which will provide an estimated lifetime energy cost savings of $300 million, and reducing energy usage by over 5 million MMBTUs through efficiency upgrades and renewables, which resulted in over 42 megawatts of installed solar PV capacity. The implementation of these proj
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May 9, 2021
The Connecticut Green Bank proudly announces that 55 Realty Drive in Cheshire has closed on Commercial Property Assessed Clean Energy (C-PACE) financing for the installation of a rooftop solar photovoltaic system. The 26,458-square foot office building is owned by sibling partners Amy, Gerald, Adrienne and Steven Barker, and is home to six tenants, including Barker Specialty Advertising Co. Inc. Barker Specialty is committed to help build a sustainable future for our community and planet. We mitigate our carbon footprint through environmentally conscious actions, and partner with suppliers who responsibly source products and materials, said Gerry Barker, President of Barker Specialty. Adding solar to our property helps us take another step to our goals.