Case Study
The Connecticut Green Bank
Assisting with the development of one of the nation’s first state-wide Green Banks
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Case Study
The Connecticut Green Bank
Assisting with the development of one of the nation’s first state-wide Green Banks
The Connecticut Green Bank (CGB), formerly the Clean Energy Finance and Investment Authority, is an authority chartered by the state of Connecticut to promote and support energy efficiency throughout the state. Among other functions, CEFIA provides credit enhancement funds to induce lenders to provide project loans to support energy efficiency upgrades and retrofits in residential, commercial and industrial market sectors.
HB&C assessed the need for financing in the residential energy efficiency market in Connecticut and evaluated the existing financing providers. HB&C met with numerous financial institutions and explored the options for CGB to enhance existing financing products and programs. HB&C made final recommendations regarding the most effective way for CGB to proceed. Based on these recommendations, HB&C produced collateral material to assist with the promotion and implementation of proposed solution.
HB&C evaluated CGB’s opportunity to partner with Winn Development a recipient of a HUD grant to explore the use of performance contracting in government assisted multifamily properties. HB&C worked with Winn Development to evaluate Connecticut’s inventory of assisted multifamily housing, developed promotional materials, and presented the opportunity to the Connecticut Housing Authority.
The CGB has implemented the financing programs, and is currently in the operational phase of providing credit enhancements to bring lenders into the energy efficiency finance space throughout the State of Connecticut.
We’ve achieved measurable results with our clients.
Our programs include: PACE, ON-Bill Financing, ESA/MESA Agreements,
Green Funds & Banks, and Sustainable Energy Utilities
Harcourt Brown & Carey (HB&C) is a national consulting firm with unrivaled experience maneuvering the clean energy marketplace. We deliver energy efficiency finance solutions that work in the real world.