Financing on-site solar: CT’s C-PACE program

Connecticut’s Clean Energy Finance & Investment Authority (CEFIA) held its official roll-out of its PACE financing program yesterday.  Since the passage of enabling legislation last year, CEFIA has been crafting the details.   C-PACE offers a simpler and cheaper path for financing solar projects for commercial and industrial properties.  Essentially, long-term loans paid back via the building owner’s property tax bill.  Another step on solar’s path to becoming just another utility appliance of a building.  Massachusetts is considering a similar program.