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The Connecticut Green Bank has announced the winners of the 2019 PACEsetter Awards.
The lender created the awards to acknowledge contractors, building owners and other stakeholders who are advancing the green energy movement through its Commercial Property Assessed Clean Energy (C-PACE) program, and whose leadership establishes a “pace” for others in their field to follow. These are the fifth annual PACEsetter Awards.
C-PACE, administered by the Green Bank, helps commercial, industrial and nonprofit property owners access affordable, long-term financing for qualifying energy efficiency and renewable energy improvements that are repaid through a voluntary assessment on the building owner’s property tax bill. As the program grows, more Connecticut businesses achieve lower energy costs and increase their bottom line. The Green Bank announced last month that it had surpassed a total of 300 closed C-PACE projects in 2019, crediting much of this success to PACEsetters and other dedicated supporters of the program.
“The growth of C-PACE is thanks to the efforts of contractors, municipal officials, capital providers, property owners and other stakeholders who have all come together and leveraged this innovative financing tool to build a cleaner, greener and more prosperous future,” Bryan Garcia, president and CEO of the Green Bank, said in a statement.
The PACEsetter honorees are:
Top Performer: Green Earth Energy, a commercial solar developer and C-PACE contractor based in East Windsor who closed 10 C-PACE projects in 2019, the most of any contractor in the C-PACE program for this year.
Outstanding Projects:
Verogy, a commercial solar developer and C-PACE contractor based in Hartford, and L.C. Doane Co., a manufacturer of shipboard lighting based in Essex, for their 202 kilowatt solar power project which received funding from Energy on the Line (a program offered by Connecticut Green Bank in partnership with the Connecticut Department of Economic and Community Development’s Manufacturing Innovation Fund) and was financed with C-PACE.
Con Edison Solutions, a commercial solar developer and C-PACE contractor with offices in Danbury, and Shelton-based Mutual Security Credit Union, one of the top performers in the Green Bank’s residential Smart-E Loans program, for their solar project – a power purchase agreement secured through C-PACE – at their branch location at 97 Newtown Road in Danbury.
Accelerating PACE Award:
Spinnaker Real Estate Partners, a real estate company based in South Norwalk and 64 Solar, a commercial solar developer and C-PACE contractor based in Port Chester, New York who have shared their story to demonstrate how a partnership between a portfolio building owner and solar power developer can lead to increased solar power deployment.
