Hartford Business Journal

CT Green Guide Spring 2014

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16 ConneCTiCuT Green Guide • SprinG 2014 www.CTGreenGuide.com LoCaTion: Rocky Hill (headquarters) and Stamford TiTLe : Director of Commercial Property Assessed Clean energy program ComPany: Clean energy Finance & investment Authority info: The 72 municipalities now part of C-PACe represent 80 percent of the state's commercial market. Green Warrior: JeSSiCA BAiLey PHoTo | PABLo RoBLeS Getting Deals Done By Kathryn M. Roy J essica Bailey made it work 20 million times. When Connecticut created its C-PACE program in April, it seemed like a no brain- er for businesses: commercial property owners could finance renewable energy and efficien- cy programs at no upfront cost and annual payments are less than the energy savings. Yet, Bailey spends much of her time convincing property owners what a good deal this is and courting officials from 169 municipalities to allow C-PACE in their communities. By February, C-PACE ap- proved $20 million in financing for projects in 72 participating cities and towns. "We didn't sit down (at the beginning) designing the per- fect process," Bailey said. "We sat down with building own- ers to talk about how we could make this work." Genevieve Sherman, CEFIA manager, said Bailey is the rea- son the program has come so far so quickly. "She is a dynamic trailblazer in the arena of energy finance and is helping make Connecti- cut a frontrunner in this area," Sherman said. Green fact: About 7% of all electricity generated in the u.S. comes from sources such as renewable energy and hydropower. SourCe: CeFia

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