The Connecticut Green Bank goes beyond grants and loans to directly develop solar for towns and schools — a model other states could follow as energy costs rise.
By Jeff St. John | Canary Media | November 26, 2025
The Connecticut Green Bank’s Solar Marketplace Assistance Program Plus (Solar MAP+) actively engages in originating, developing, and even owning projects, he said. To date, the program has deployed $145 million in capital on nearly 54 megawatts’ worth of solar projects that are expected to help save a collective $57 million in energy costs, according to bank data shared with Canary Media.
Though the approach is unusual for a public entity, it needn’t be, Kowalski said. In fact, it is a model that cash-strapped state governments should consider closely as federal clean-energy tax credits disappear and energy costs rise. That’s particularly true for the 16 states, plus the District of Columbia, that have created a government-backed or nonprofit green bank since Connecticut first launched its version in 2011.
