April 18, 2012 | last updated June 1, 2012 1:58 pm

CEFIA solicits energy financing proposals

The Connecticut Clean Energy Finance and Investment Authority is asking for financial institutions to identify new and innovative financing strategies to spur residential clean energy installations in the state.

The Clean Energy Financial Innovation Program is part of the overall effort by CEFIA to change the financing model for residential clean energy projects, trying to move away from the current model relying on government subsidies to generate work.

Those institutions that provide the financing strategies with the greatest potential will receive funds for credit enhancements such as interest rate buy-downs and the development of third party insurance. Funds are provided through the American Recovery & Reinvestment Act.

For more information on submitting ideas, visit www.ctcleanenergy.com/RFP.

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