… named Sealed signed a $5-million loan-financing agreement as a way to broaden the market for home energy-efficiency upgrades. In New York State, those upgrades face two key barriers … adoption. The first barrier is that a whole-home upgrade is a high out-of-pocket investment for a homeowner. Homeowners who make upgrades often have to pay cash outright or take out loans to spread the cost over time. Second, while large-scale investors are increasingly familiar with residential …
… Ash award in policy innovation, the "Nobel of policy," upon the Connecticut Green Bank for its role in "sparking the green bank movement." The Green Bank used financial … subordinated debt, or warehousing facilities, the Green Bank lowered the cost of capital for consumers and businesses to install energy efficiency upgrades and renewable technology. … should they be kept on the balance sheet? And if so for how long? What were the political, economic, and climate risks and opportunities of a slower transition? And what …
… Before the federal government discontinued the United States Department of Energy’s (DOE) Qualified Energy Conservation Bond (QECB) program in 2017 as part of its tax reform package, states like Virginia leveraged this program to accomplish energy efficiency … Virginia’s QECB allocation, decision makers considered the increased flexibility of Green Community Programs (GCPs) relative to traditional QECBs and “qualified” projects. GCPs can …
… As the Connecticut Green Bank works to design high-impact programs for the solar market, it has supported the design and adoption of legislation that expanded … Solar Home Renewable Energy Credit (SHREC). The SHREC provides a stable funding structure for an expanded RSIP. The design of the RSIP was more effective than it was set out to do. … met with out-of-state resources from Maine, New Hampshire, and Vermont, yielding little economic development benefits to Connecticut. Decision makers saw the state’s approach …
… Public Energy Partnership (RIPEP) was temporarily accelerating utility energy-efficiency efforts. The new state leadership created the RIIB. It was built by renaming and restructuring … brought into the agency. The RIIB administers a number of financial-assistance programs forenvironmental projects in the state. One of these programs is the EBF, a financing program … in net-cash-flow savings. After over a year of operation, the EBF has yielded action recommendations that decision makers can use to refine and iterate the program. The EBF is an …
… In 2014, the Connecticut Green Bank released the second edition of its CT Solar Lease program in an attempt to create an accessible financing solution for independent local contractors to support the rising demand for residential and commercial solar systems. This case study focuses on the residential …