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Program will Lower Energy Costs for CT Manufacturers

5.25.2016

New "Energy on the Line" Program Will Lower Energy Costs for Connecticut Manufacturers

 The Connecticut Department of Economic and Community Development (DECD) and Connecticut Green Bank have launched a new campaign that provides manufacturers with an innovative way to lower their energy costs. The "Energy on the Line" program will provide supplemental funds to manufacturers who complete a qualifying green energy project using the Green Bank's Commercial Property Assessed Clean Energy (C-PACE) program. C-PACE provides commercial property owners with 100% upfront financing for green energy projects where the energy improvements deliver immediate positive cash flow to the building owner. The supplemental funding (up to $50,000) may be used for any project-related expenses at the discretion of the recipients, thereby reducing the amount of financing required. C-PACE offers predictable, trustworthy energy savings projections. Through Energy on the Line, manufacturers will benefit from support from the Green Bank and its program partners in developing C-PACE projects that are custom tailored to their business's needs.

"This is great opportunity for businesses to not only improve the environment but also it is good business and saves money. It goes along perfectly with the other incentive programs that the Town offers," stated Dale Kroop, Director of Economic and Community Development for the Town of Hamden.

 "Energy on the Line" is open to all Connecticut manufacturing companies who have owner-occupied facilities. Applications must be received by September 16, 2016 and grant opportunities are limited. The Green Bank is working with local Economic Development offices, Chambers of Commerce and manufacturing associations to promote this exciting new opportunity. To learn more, please visit: www.EnergyOnTheLine.com.

 For more information on these programs click on the following attachments:

 Turn Your Overhead Into Profit

 Take Control of Your Building's Energy Costs

 To learn more about Hamden's Business Incentives Programs and Services, contact Dale Kroop at 203-287-7030, dkroop@hamden.com or visit us on the web at Hamden-ct.com.


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