Municipality

Offer Solar and Savings 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 to the property owner 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 installed on a building. The property owner then purchases 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 about offering the Green Bank Solar PPA to property owners.