Connecticut Green Bank Surpasses $3 Billion in Total Investment, Expanding State’s Green Economy
Milestone achievement supports the creation of more than 30,000 job-years and delivers benefits to families, businesses, and communities statewide.
Hartford, CT – January 12, 2026 – The Connecticut Green Bank proudly announces a historic milestone: surpassing $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:
Supporting 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
Expanding solar access to affordable multifamily housing, delivering savings of over $350 annually per unit for more than 470 tenant units, through the Solar Marketplace Assistance Program (MAP+).
Raising 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.
Empowering 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.
Launching the Fleet Electrification Accelerator to help school districts transition to electric buses, improving air quality and creating potential hands-on learning opportunities for students.
Growing 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, President and CEO of Connecticut Green Bank. “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. By partnering with lenders, contractors, state and local leaders, utility companies, and community partners, we are proving that the green economy and economic growth go hand in hand.”
“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,” added Green Bank Board Chair Lonnie Reed. “The team’s outstanding commitment helps us excel.”
From nonprofits like Easterseals saving $1.3 million in energy costs to manufacturers lowering their environmental impact while improving their bottom line, the Green Bank is ensuring that every family, business, and community can participate in and benefit from Connecticut’s green economy. Looking ahead, the Green Bank will continue to innovate and expand access to clean energy and environmental infrastructure solutions, while continuing to ensure that Connecticut remains a leader in the green economy.
To read more about the Green Bank’s successes in 2025, access their annual report at https://www.ctgreenbank.com/annual-report-2025
About the Connecticut Green Bank
The Connecticut Green Bank was established by the Connecticut General Assembly in 2011 as the nation’s first state-level green bank and has since supported the creation of nearly 30,000 green jobs in the state, while reducing the energy cost burden on over 75,000 families, businesses, and nonprofits. The Green Bank’s vision is a planet protected by the love of humanity and its mission is to confront climate change by increasing and accelerating investment into Connecticut’s green economy to create more resilient, healthier, and equitable communities. This is accomplished by leveraging limited public resources to scale-up and mobilize private capital investment into Connecticut. In 2021, the Green Bank’s model was expanded to include new areas of environmental infrastructure, related to climate adaptation and resiliency, land conservation, parks and recreation, agriculture, water, waste and recycling, and environmental markets, including carbon offsets and ecosystem services. To date, the Green Bank has mobilized more than $3 billion into the State’s green economy. This has reduced the energy costs for thousands of families and businesses, and reduced greenhouse gas emissions that cause climate change and worsen public health. Learn more at www.ctgreenbank.com.