Ferazzoli Imports of New England Inc. is the most recent business to install a renewable energy source on its building through Connecticut Green Bank’s Commercial Property Assessed Clean Energy (C-PACE).

The company conducts business as Galleria Stone, an importer, distributor and fabricator of tile and natural stone. The C-PACE program helps property owners access affordable, long-term financing for energy upgrades to their buildings.

Northeast Smart Energy LLC of Hartford will install a 125-kW solar photovoltaic system to the roof of the Galleria Design Center in Middletown. The estimated annual energy cost savings exceeds $37,000.

“The C-PACE financing program is the smartest long-term solution for achieving our clean energy demands,” Jerry Martorelli, owner of Galleria Design Center, said in a statement. “With C-PACE, we are able to reduce operation expenses and increase efficiency, all while making a measurable impact on the environment and surrounding community.”

This project is part of Connecticut Green Bank’s Energy on the Line program, funded through the Connecticut Department of Economic and Community Development’s Manufacturing Innovation Fund. Energy on the Line provides supplemental funds to eligible manufacturers who complete a qualifying green energy project using the C-PACE program.