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Solar PPA (Power Purchase Agreement)
Connecticut — state programSee program
The CT Green Bank Solar PPA allows commercial, nonprofit, and municipal property owners to go solar with no money down. Under a standard 20-year agreement, the Green Bank oversees development and management of the solar system, and participants purchase the electricity generated at a discount to grid power, achieving positive cash flow in year one with no upfront installation costs or new debt.
Program details
- Type
- other
- Eligibility
- Commercial and nonprofit properties meeting C-PACE financing requirements (or alternative underwriting criteria), including all types of privately owned commercial properties (industrial, office, retail, agricultural, multifamily, faith-based institutions, recreational facilities, museums, and more) that are current on property tax and assessment payments. Nonprofits can be assigned a tax identification number. Municipal properties and publicly owned institutions also qualify; municipalities must have an investment grade credit rating or be subject to alternative underwriting criteria.
- Status
- open
- Administrator
- Connecticut Green Bank
Source: Connecticut — state program. Confirm current terms with the administering agency before applying.