Building Owner

Go Solar and Save with No Money Down

The Connecticut Green Bank is offering eligible property owners an alternative option to go solar using C-PACE with the Green Bank Solar PPA. This solar PPA (Power Purchase Agreement) can be paid for through C-PACE. It can deliver immediate savings on electricity, while offering peace of mind in knowing that an experienced third-party owns and operates the solar system to maximize its benefits. Properties that are not eligible to use C-PACE may - on an exception basis - be able to use the Green Bank Solar PPA using alternative underwriting criteria.

What is a PPA?

Using a pre-approved local installer, the Green Bank or a selected partner oversees the development and asset management of a solar system on your building. You then purchase the electricity generated by the solar system at an agreed-upon rate, often at a significant discount to grid power, through a Power Purchase Agreement (PPA).

What are the benefits of a PPA?

Benefits of a solar PPA include:

  • No upfront installation costs
  • No new debt to incur
  • Lock in low electricity costs and realize predictable energy production
  • Positive cash flow in year one
  • Preserve capital and credit lines for other investments
  • Managed by a third-party solar system owner

Other Key Features

  • Standard agreement has a 20-year term
  • “True-up” process allows you to pay only for the electricity generated
  • Option to buy the solar system at fair market value
  • Third-party solar system owner maintains the system and manages all equipment and warranty issues

Contact us for more information, or download this sheet to learn more about the benefits of the Green Bank Solar PPA.