HARTFORD — City officials on Monday will unveli a new collaboration with the Bushnell and the nation’s first ‘green bank.”
Bushnell President David Fay and Hartford Mayor Pedro Segarra is scheduled to announce what is billed a major Capital Improvement to The Bushnell through the Clean Energy Finance Investment Authority’s (CEFIA) C-PACE Program.
The program will help the Bushnell replace its aging and inefficient 40-year old boiler, dramatically improving the facility’s energy efficiency and providing significant cost savings, through innovative financing with CEFIA – the nation’s first ‘green bank’ – which has recently launched the statewide Commercial Property Assessed Clean Energy (C-PACE) program, officials said.
Through this program, commercial, industrial and multi-family property owners can access affordable, long-term financing for smart energy upgrades to their buildings, with little or no upfront cost. Leveraging a $20 million fund for use in projects statewide, this program incentivizes capital improvements that are often deferred due to their cost.
Details on how the C-PACE program works, in addition to other incentives, will be provided at the press conference on Monday at 11 a.m. at the Bushnell Theater.