HARTFORD – The Connecticut Green Bank has surpassed $3 billion in total investment into Connecticut’s green economy. This achievement reflects 14 years of commitment to innovation, resilience, and collaboration with partners across the state.
Since its inception in 2011, the Green Bank has mobilized $3.11 billion in clean energy and environmental infrastructure investments, leveraging $463 million in public funds to attract $2.65 billion in private capital at a ratio of $6.70 for every public dollar invested.
These investments have supported the creation of more than 30,000 job-years, generated nearly $160 million in state tax revenues, and reduced energy costs for over 75,000 families, businesses, and nonprofits.
Key achievements in 2025:
- Supported small businesses as the administrator of and lender in the state’s Commercial Property Assessed Clean Energy (C-PACE) program, which provided nearly $43 million in investment, creating 200+ job-years, generating $2.4 million in tax revenues and helping 24 businesses reduce energy costs through the deployment of clean energy.
- Expanded solar access to affordable multifamily housing, delivering savings of more than $350 annually per unit for more than 470 tenant units, through the Solar Marketplace Assistance Program (MAP+).
- Raised more than $19 million in Green Liberty Bonds and another $1 million through Green Liberty Notes from investors in Connecticut and across the country to support residential solar and energy efficiency for small businesses.
- Empowered nearly 850 families with $24 million in Smart-E loans provided by local community banks and credit unions for home energy and resilience improvements, including solar, storage, heat pumps, and floodproofing.
- Launched the Fleet Electrification Accelerator to help school districts transition to electric buses, improving air quality and creating potential hands-on learning opportunities for students.
- Grew the number of homeowners participating in the Energy Storage Solutions program who are using battery energy storage systems to create resilience for their home and improving the grid for all utility customers.
“Surpassing $3 billion in total investment is more than a financial milestone; it’s a testament to the green bank model which combines the power of public-private partnerships with the belief that the green economy should benefit everyone,” said Bryan Garcia, Connecticut Green Bank president and CEO. “These investments are creating jobs, improving public health, reducing energy costs, and building resilience in our communities, particularly in our most vulnerable communities where we ensure that at least 40% of investment is directed.”
Green Bank Board Chair Lonnie Reed praised the Green Bank team for its efforts.
“The Green Bank’s multifaceted team works tirelessly to meet evolving and unexpected challenges, remaining responsive to existing clients while also fostering new opportunities that benefit more families, businesses, institutions, and communities,” Reed said. “The team’s outstanding commitment helps us excel.”
For more information about the Green Bank’s successes in 2025, access their annual report.
