A Role for State "Green Bank" Capital
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Please join Blueprint for Efficiency for the second in a series on state-level financing initiatives for clean energy and energy efficiency projects. This presentation will discuss how the state of Connecticut is transitioning the state’s former subsidy-driven approach to support the deployment of clean energy towards a new financing model (or “green bank” model).
Utilizing system benefit funds or ratepayer funds in new and innovative ways beyond conventional subsidies, CEFIA is approaching the rooftop solar PV market in the residential and commercial sectors through public-private partnerships using lease and C-PACE (i.e. Commercial Property Assessed Clean Energy) financing structures. The presentation will use a model developed by The Brattle Group and on-the-ground experience to depict the challenges and opportunities for financing the deployment of rooftop solar PV in Connecticut. The examples from Connecticut can be applied to other states that seek to identify new ways for investing limited ratepayer or taxpayer funds to increase the deployment of clean energy.