Mayor, State Lawmakers Support Solar and Energy Efficiency Program Designed to Benefit Low-to-Moderate Homeowners
New London, CT (September 20, 2016) – New London Mayor Michael Passero welcomes an innovative new public-private partnership that makes clean energy more accessible and affordable to all New London homeowners. The Solar For All program offers the installation of solar power and energy efficiency measures provided by PosiGen Solar Solutions and financed through the Connecticut Green Bank to all residential home owners. Solar For All combines a solar lease with an energy savings agreement to lower the energy burden of participating households. Supporting Mayor Passero at Tuesday’s press conference announcing the new program was State Senator Paul Formica, in addition to Kerry O’Neill, Director of Residential Programs at the Connecticut Green Bank and Thomas Neyhart, CEO of PosiGen Solar Solutions.
“Posigen has done tremendous work in other communities and we are thrilled to welcome them to New London,” said Mayor Michael Passero. “The Solar For All program gives families in our city the chance to extend their household budget, to do the right thing for the environment, and establish New London as a clean energy leader.”
Nick Roman, a New London customer, said "I like technology and I like saving money, because when you live paycheck to paycheck the extra $30-$40 a month I save with PosiGen really helps. We've all heard it said solar is only for rich folks, but when I found out that I could go green for $0 down with no minimum credit score, and no convoluted power purchase agreement? The decision was a no-brainer. By the way, that money I save includes the lease fee and the mandatory utility customer fee.”
PosiGen, a New Orleans solar company with local headquarters in Connecticut, aims to close what many see as a clean energy affordability gap by making solar available to all homeowners regardless of income. “We’re changing the misconception that solar is for the rich,” states Beth Galante, Vice President of Business Development and Government Relations for PosiGen. “Low-to-moderate income families are most susceptible to rising energy costs, and this program puts those home owners in control of their energy costs.”
Solar For All is the only solar program with no minimum credit score or minimum income requirement. PosiGen’s lease program covers the full cost of installing, maintaining and insuring the solar system, and also provides energy efficiency upgrades.
The Connecticut Green Bank is happy to provide the financial support for the program. “The partnership we have with PosiGen gives limited income households the opportunity to lower their energy costs through financing,” states Bryan Garcia, President and CEO of the Connecticut Green Bank. “Not only does Solar For All give more residents access to affordable clean energy, it is also helping to create healthier homes and communities across the state.”
Applications for the New London Solar For All program are being taken now, so homeowners are encouraged to contact PosiGen today at 203-416-6518 or 1-866-PosiGen to take advantage of this exceptional opportunity to become a solar home in New London.
About the Connecticut Green Bank
The Connecticut Green Bank (formerly the Clean Energy Finance and Investment Authority) was established by the Connecticut General Assembly on July 1, 2011 as a part of Public Act 11-80. As the nation’s first full-scale green bank, it is leading the clean energy finance movement by leveraging public and private funds to scale-up renewable energy deployment and energy efficiency projects across Connecticut. The Green Bank’s success in accelerating private investment in clean energy is helping Connecticut create jobs, increase economic prosperity, promote energy security and address climate change. For more information about the Connecticut Green Bank, please visit www.ctgreenbank.com.
About PosiGen Solar Solutions
Headquartered in New Orleans, PosiGen Solar Solutions is one of the nation’s leading residential solar, energy efficiency and energy education providers. PosiGen has more than 7,500 residential customers, 200 direct employees and 150 contract employees in Louisiana, Connecticut, New York and Florida. PosiGen's unique services and products make solar energy affordable to homeowners of all income levels, and offer individuals, families and businesses the opportunity to achieve greater fiscal autonomy and energy independence by lowering their utility bills. To learn everything about PosiGen, please visit www.posigen.com.