CT creates $60M solar lease program

Hartford Business Journal

The Connecticut Clean Energy Finance & Investment Authority on Monday created a $60 million residential solar lease program to give homeowners more options in choosing clean energy installers.

The program, called CT Solar Lease II, leverages $9.5 million in CEFIA money for $50 million in private capital to help homeowners finance clean energy installations and drive down the upfront and overall costs of the systems. Participating private lenders include U.S. Bank, First Niagara, Webster Bank, Liberty Bank, and Peoples United Bank.