Clean Energy Finance and Investment Authority (Connecticut)
CEFIA’s mission is to promote, develop and invest in clean energy and energy efficiency projects in order to strengthen Connecticut’s economy, protect community health, improve the environment, and promote a secure energy supply for the state. As the nation’s first full-scale clean energy finance authority, CEFIA will leverage public and private funds to drive investment and scale-up clean energy deployment in Connecticut.
PACE financing is an innovative program that is helping commercial, industrial and multi-family property owners access affordable, long-term financing for smart energy upgrades to their buildings.
C-PACE allows building owners to finance qualifying energy efficiency and clean energy improvements through placing a voluntaryassessment on their property tax bill. Property owners pay for the improvements over time through this additional charge on their property tax bill and the repayment obligation transfers automatically to the next owner if the property is sold. Similar to a sewer tax assessment, capital provided under the C-PACE program is secured by a lien on the property, so low-interest capital can be raised from the private sector with no government financing required.
Multi-family Energy Conservation Loan Program
Offered by the Connecticut Housing Finance Investment Fund, this program assists owners with financing energy efficiency projects in the State of Connecticut. Any building within the State of Connecticut owned by an eligible applicant and containing five dwelling units or more will be eligible for financing. Buildings containing commercial space must be at least two-thirds residential by floor area. Buildings that provide temporary housing (hotels, motels, etc.) are not eligible. The amount of money that you may borrow under the MEL Program ranges from $2,000 per unit up to a maximum of $60,000 per building.
Connecticut Light & Power Building Retrocommissioning
The Retro Commissioning program (RCx) identifies energy savings in existing commercial and industrial buildings by improving the operation of a building’s management system (BMS). As your building ages and its occupants change, it is important to maintain your building’s control strategies and operating procedures. With malfunctioning and outdated control logic, a BMS often consumes more energy and operates at less than peak performance. This program will document how your facility should be operated to maximize energy-saving opportunities that improve your facility’s overall performance while helping to develop long-term, sustainable energy management strategies. Now, with Connecticut Energy Efficiency Fund support, you have the financial and technical assistance that enables you to determine your energy future by making decisions based on professional analysis and recommendations.