The Connecticut Department of Economic and Community Development and the Connecticut Green Bank have announced a program that offers grants for renewable energy and energy efficiency building upgrades to manufacturers.
Energy on the Line provides supplemental funds to manufacturers who complete a qualifying green energy project using the Green Bank’s Commercial Property Assessed Clean Energy (C-PACE) program.
The supplemental funding—up to $50,000—may be used for any project-related expenses at the discretion of the recipients, reducing the amount of financing from C-PACE needed to complete the project and lowering the company’s borrowing costs.
The $800,000 program is funded through the DECD’s Manufacturing Innovation Fund and will be matched by more than $8 million of private sector funds through the Connecticut Green Bank, which is administering the program.
Energy on the Line is open to all manufacturing companies that have owner-occupied facilities in the state.
Applications must be received by Sept. 16.