Connecticut Green Bank Surpasses $3 Billion in Green Economy Investments

The Connecticut Green Bank has crossed a major milestone, surpassing $3 billion in total investment into Connecticut’s green economy, marking 14 years of activity since its launch in 2011.

According to the Green Bank, cumulative investments have reached $3.11 billion in clean energy and environmental infrastructure projects. This includes $463 million in public funds, which successfully leveraged $2.65 billion in private capital, translating into $6.70 in private investment for every public dollar deployed.

The investments have delivered significant economic and social benefits across the state, supporting the creation of more than 30,000 job-years, generating nearly $160 million in state tax revenues, and reducing energy costs for over 75,000 families, businesses, and nonprofit organizations.

In 2025, the Green Bank recorded several key achievements. Through its role as administrator and lender for Connecticut’s Commercial Property Assessed Clean Energy (C-PACE) program, the Bank facilitated nearly $43 million in investment, supporting more than 200 job-years, generating $2.4 million in tax revenues, and helping 24 businesses lower energy costs through clean energy deployment.

The Bank also expanded solar access for affordable multifamily housing through its Solar Marketplace Assistance Program (MAP+), delivering annual savings of more than $350 per unit for over 470 tenant units. In addition, it raised over $19 million through Green Liberty Bonds and $1 million via Green Liberty Notes, supporting residential solar and energy efficiency projects for small businesses.

Residential energy resilience was further strengthened through the Smart-E loan program, which enabled nearly 850 families to access $24 million in financing from local community banks and credit unions for solar, battery storage, heat pumps, and floodproofing upgrades.

During the year, the Green Bank also launched a Fleet Electrification Accelerator to assist school districts in transitioning to electric buses, aimed at improving air quality while offering educational opportunities for students. Participation in the Energy Storage Solutions program also increased, with more homeowners installing battery energy storage systems to enhance home resilience and grid reliability.

Commenting on the milestone, Bryan Garcia, President and CEO of the Connecticut Green Bank, said surpassing $3 billion in total investment reflects the strength of the green bank model, which combines public-private partnerships with inclusive economic growth. He noted that at least 40 per cent of investments are directed toward vulnerable communities, supporting job creation, public health improvements, and energy affordability.

Green Bank Board Chair Lonnie Reed highlighted the organization’s ability to adapt to evolving challenges while expanding access to clean energy solutions for families, businesses, and institutions across the state.

Looking ahead, the Connecticut Green Bank said it will continue to innovate and broaden access to clean energy and environmental infrastructure, reinforcing Connecticut’s position as a leader in the green economy.