The Connecticut Green Bank reports that by the end of this year, it will have approved 100 MW of residential solar power.
More than 15,000 Connecticut homes have gone solar and will generate a majority of their electricity with solar energy. Over 10,000 of these new residential solar customers have made the switch to solar since 2014.
The quasi-public agency has partnered with solar provider PosiGen and private investors to offer new financing options for a much broader range of customers. These options include approval processes that do not require a traditional credit check and the offer of an attractive monthly payment.
‘There's never been a better time to switch to solar power,’ says Bryan Garcia, president and CEO of the Connecticut Green Bank. ‘It's a smart choice from several perspectives – energy savings, sustainability and predictable costs for homeowners. The key to the success of Connecticut Green Bank is the ability to make green energy like solar more accessible and affordable for everyone.’