Connecticut Green Bank’s PACEsetter award given to Direct Energy Solar
The Connecticut Green Bank awarded Direct Energy Solar and Durham Agricultural Fair Association the PACEsetter Outstanding Project Award for their solar project, a Power Purchase Agreement (PPA) secured by Commercial Property Assessed Clean Energy (C-PACE), at the Durham Agricultural Association Fairgrounds in Durham, CT. The system is 188.65 kW and composed of 686 Hanwha QCell 275-watt panels with a SolarEdge Inverter System.
The PACEsetter Awards were created by the Connecticut Green Bank to acknowledge those who are advancing the green energy movement through the C-PACE program, and whose leadership establishes a “pace” for others in their field to follow. This is the third annual PACEsetter Awards ceremony.
“Our ‘PACEsetters’ are the driving force behind the C-PACE program,” said Mackey Dykes, Vice President of Commercial, Industrial, and Institutional Programs at the Connecticut Green Bank. “The Connecticut Green Bank is happy to recognize Direct Energy Solar as a PACEsetter and highlight their outstanding C-PACE project in Durham, Connecticut. Projects like these set an example for others to follow as the C-PACE program grows.”
Three takeaways from SEIA white paper on financing C&I solar with C-PACE
C-PACE is an innovative program, administered by the Green Bank, which helps commercial, industrial, and non-profit property owners access affordable, long-term financing for meaningful energy upgrades to their buildings. C-PACE enables building owners to finance qualifying energy efficiency and renewable energy improvements through a voluntary assessment on their property tax bill. As the program grows, more Connecticut businesses achieve lower energy costs and increase their bottom-line. The Green Bank recently announced that they had closed their 200th C-PACE project.
— Solar Builder magazine
