Innovative Partnership Puts Faith in Clean Energy for Low Income Connecticut Families

First-of-its-kind partnership provides affordable renewable energy to families susceptible to rising energy costs

Feb 23, 2016, 09:35 ET from PosiGen Solar

BRIDGEPORT, Conn., Feb. 23, 2016 /PRNewswire/ -- A first-of-its-kind partnership in Connecticut was announced this week with the goal of helping low income families enjoy the benefits of clean energy. FREEDOM (Faith Restoration Empowerment Economic Development Outreach Ministries, Inc.) kicked off a partnership initiative with the Connecticut Green Bank and PosiGen to educate the public about affordable solar and energy efficiency opportunities available to low income and retired Connecticut homeowners. Thousands of homeowners across the state will now have access to affordable solar and energy efficiency provided by PosiGen, with the financial support of the Connecticut Green Bank.  

FREEDOM will use its statewide network of churches to educate congregations about the benefits of being good stewards of the environment through renewable energy. "This partnership allows FREEDOM, and Connecticut residents to 'Think Globally and Act Locally'," states FREEDOM Managing Director and Senior Pastor at Shiloh Baptist Church, Reverend Carl McCluster. "This initiative encourages residents to reduce environmental impact and degradation through affordable solar energy and simultaneously save money through reduced energy costs, thereby increasing personal and community financial stability and supporting job growth in Bridgeport and throughout Connecticut."

The program has the full support of a long list of elected officials, clergy and community leaders including Connecticut Governor Dannel Malloy, Bridgeport Mayor Joseph Ganim, U.S. Representative Jim Himes, U. S. Senator Chris Murphy, U.S. Senator Richard Blumenthal, State Senator Ed Gomes, State Representative Ezequiel Santiago and Bridgeport City Councilpersons Denise Taylor-Moye and Jack Banta. Mayor Ganim, who spoke at the kickoff event, has committed his administration to do all it can to help low income and retired Bridgeport families reap the benefits of clean energy. "This is a great program for Bridgeport families," states Mayor Joseph Ganim. "My administration will work to expedite the process so families can take control of their energy costs with solar and energy efficiency upgrades." 

PosiGen, a New Orleans solar company that located its New England business in Bridgeport, believes the program will work to close what many see as a clean energy affordability gap by making solar available to all homeowners regardless of income. "We are happy to provide Connecticut homeowners with the only solar program to feature a zero down payment and no credit check," states Dan McAtee, President of PosiGen. "At PosiGen, we believe Solar and Energy Efficiency are for everyone. Low to moderate income families pay up to four times more of their monthly income on utilities compared to more affluent homeowners." 

The Connecticut Green Bank is investing in PosiGen to provide low-cost debt capital and a tiered incentive for participating households in communities across the state. The partnership is designed to give people access to an affordable solar leasing structure that will deliver energy savings for families susceptible to rising energy costs. "This partnership with PosiGen, and FREEDOM, will lower the energy burden on limited income households through financing and the deployment of clean energy," states Bryan Garcia, President and CEO of the Connecticut Green Bank.  "As Connecticut continues to deploy more and more clean energy in our communities, we want to ensure that everyone has the opportunity to realize the benefits it offers."

FREEDOM, the Connecticut Green Bank and PosiGen are excited about this innovative, first in the nation partnership because it will strengthen communities by helping families lower their energy costs and provide greater financial security.

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SOURCE PosiGen Solar