Trainings & Events

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Financing Residential Solar in Connecticut #1: Insights into Loan Programs

June 05, 2023 - 12:00 pm to 1:00 pm

The second webinar in the “Spotlight on Solar in Connecticut” webinar series will focus on the role of financing, delving deeper into the structure and benefits of two loan products: the CT Solar Loan and the Smart-E Loan. Using $8 million of repurposed American Recovery and Reinvestment Act (ARRA) funds as credit enhancements, the Green Bank was able to use $25 million in state and federal funds to mobilize $180 million of private capital investment in residential clean energy deployment. In a venture with Sungage Financial, the Green Bank supported a clean energy finance entrepreneur in demonstrating the viability of a specific solar loan product. In collaboration with nine local community banks and credit unions, the Green Bank’s Smart-E loan provides a second loan loss reserve for unsecured financing of clean energy projects, including residential solar.
 

Event Type: Webinar
Event Category: General Sustainability Event

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