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January 14, 2020

Want EV charging stations at your business? New program can help

PHOTO | New Haven BIZ An electric vehicle charging station in a parking garage in downtown New Haven.
By Michelle Tuccitto Sullo

For drivers of electric vehicles, having a place to recharge while out shopping, commuting or running errands is an important convenience.

Commercial property owners who want to offer charging stations to their customers now have a chance to do so for free through a new program. 

The Connecticut Green Bank announced Tuesday it has launched a “Charge Up CT Buildings” initiative. Through it, the bank will offer free electric vehicle charging stations to commercial property owners who use its C-PACE financing to improve energy efficiency at their buildings.

C-PACE stands for “Commercial Property Assessed Clean Energy.” It is a financing tool that allows property owners to access 100-percent financing for energy and money-saving upgrades.

Interested property owners who apply for C-PACE financing by May 15 may be eligible for the limited-time promotion, according to an announcement.

Bank officials are hopeful that a range of property owners will participate, including retailers, houses of worship, restaurants, hotels, manufacturers and non-profit organizations. 

Bryan Garcia, president and CEO of the Connecticut Green Bank, said his organization is committed to promoting the proliferation of electric vehicles in the state.

“That includes supporting the development of a more resilient EV charging infrastructure that is suited to handle increasing demand,” he said. “We see this initiative as having many benefits to building owners, tenants, employees and customers – as well as to our communities.”

According to Garcia, as more property owners host electric vehicle charging stations, they are helping to build a “greener” future for the state, with less dependence on fossil fuels.

More drivers are choosing electric vehicles, according to the bank. There are about 13,000 electric vehicles registered in Connecticut today, and this is projected to grow to 150,000 by 2025. 

Depending on the amount of C-PACE financing sought, properties may qualify for between one and three free charging stations. To qualify for one free station, energy saving projects must use at least $150,000 in Green Bank C-PACE financing. 

Property owners are invited to an open house about Charge Up CT Buildings on Wednesday, March 25 at J Roo’s restaurant, 243 State Street, North Haven. Pre-registration is required. Click here to pre-register. 

For more information about the initiative, visit chargeupct.com. More information about the Connecticut Green Bank is available at www.ctgreenbank.com. To learn more about C-PACE, visit www.cpace.com.

Contact Michelle Tuccitto Sullo at msullo@newhavenbiz.com.

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