December 4, 2024
The Connecticut Green Bank has put out a call to all solar companies in Connecticut a request for proposals (RFP) seeking engineering, procurement and construction (EPC) services for several affordable multifamily residential (AMFH) solar projects. In total, the Green Bank, in collaboration with the Green Bank, is installing 2 MW of solar energy on nine affordable homes Green Bank’s Solar Marketplace Support Program (Solar MAP). Entries must be submitted by January 13, 2025.
Solar Application for Connecticut
Green Bank has commissioned assessments of each site and is providing detailed evidence for each proposed project through this RFP. The nine locations are located in Cheshire, Hamden, Storrs, Tolland, New Haven and West Hartford and will include seven rooftop solar courts and two hybrid carport projects.
This request also requests secondary project awards that include requirements associated with the use of federal Greenhouse Gas Reduction Funds (GGRF), such as the Build America, Buy America Act, and Davis-Bacon and Related Acts. Federal compliance requirements are further explained in the request. This secondary pricing is optional, but Green Bank strongly encourages submissions as this is a priority area of funding.
The invitation offers site visits on December 9 and 10 and an informative webinar about federal compliance requirements on December 13 for federal compliance requirements.
Green Bank financing for solar energy
In a recent episode of The Pitch, Chris Cucci, EVP at Climate First Bank and OneEthos, explained how green banks are a key partner in their ethical solar financing terms. Example:
“To your point that many low- to moderate-income homeowners can’t capitalize on the tax credit because they don’t have the tax liability… there’s a big wave of opportunity happening – it’s starting now, and it will be for the next five to six years – that is the Greenhouse Gas Reduction Fund. Three major grant programs totaling $27 billion awarded across the country to various community lenders and green state banking authorities. That is something that we see as a huge opportunity.
“We have entered into a very cool program in the Metro DC area. We partnered with a non-profit called green bank Montgomery County Greenbank in that market, and they subsidize the interest on our loans. If we make a loan in a low- or moderate-income Census tract in their market – which is called an Equity Emphasis Zone in their market – they’re going to buy that rate from our 7.99% APR to a 0% APR for the first time. 10 years.
“That’s an example, and there are numerous Green Bank Partners across the country. We’re currently working with people all over the Midwest, some on the West Coast, some in the mountain region, on similar programs. And when we do that, our installers who are already on board with us will be prioritized.
“That’s why I always tell people, we’re in 27 states today, by the end of this year we’ll be in all 50 states with our consumer platform, so go ahead and sign up now. Start with us and you’ll get your first crack at some of these programs that make solar energy a no-brainer for low-to-moderate income earners.”
Keywords: commercial and industrial
