A brand new 218-kW photo voltaic array is powering the Deerfield facility of Easterseals Capital Region & Eastern Connecticut. The undertaking that included photo voltaic and lighting upgrades was financed by way of the Inexperienced Financial institution’s Business Property Assessed Clear Power (C-PACE) program. Oxford, Connecticut-based Facility Options Group put in the system.
“We’re so grateful to the Connecticut Inexperienced Financial institution for a partnership that has allowed Easterseals to improve our facility with photo voltaic and good lighting, serving to us to function extra effectively and sustainably,” stated Robin Sharp, president and CEO of Easterseals Capital Area & Jap Connecticut. “And, one of the best half is that the financial savings and income we generate from these enhancements will go proper again into our neighborhood companies, permitting us to additional our mission.”
The power improve undertaking acquired roughly $714,000 in C-PACE financing. Moreover, Easterseals used the federal ITC direct pay choice by way of the IRS, a provision of the Inflation Discount Act (IRA) that permits tax-exempt entities to entry expanded tax credit for clear power applied sciences. This provision has made C-PACE and photo voltaic power extra accessible to non-taxpaying organizations like Easterseals.
Information merchandise from the Connecticut Inexperienced Financial institution
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