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NuWatt designs, installs, and manages solar, battery, heat pump, and EV charger systems across 9 states. One company, one warranty, one point of contact.
Get a Free QuoteThe CT Green Bank's C-PACE program has deployed $400M+ across 140+ municipalities. Commercial property owners get 100% solar financing with no upfront cost, no personal guarantee, and repayment via property tax over 20–25 years. Stack with Section 48E ITC for exceptional ROI.
$400M+
Total CT C-PACE Deployed
140+
Participating Municipalities
5–7%
Typical Interest Rate
25 Years
Maximum Term
C-PACE — Commercial Property Assessed Clean Energy — is a state-authorized financing mechanism that solves the biggest barrier to commercial solar: upfront cost.
Instead of paying $300,000+ upfront for a commercial solar system, C-PACE lets you finance 100% of the project. Repayment occurs through a special assessment on your property tax bill over 20–25 years. The assessment is secured by the real estate itself — not your personal credit or business cash flow.
In Connecticut, the CT Green Bank administers C-PACE and has partnered with over 140 municipalities. Private capital providers — banks, credit unions, and specialty lenders — fund the actual projects. CT Green Bank serves as program manager, quality assurance, and market facilitator.
100% of project cost financed. No equity investment required. Day-one cash flow from energy savings.
Financing secured by property tax lien — not personal credit or business guarantees.
C-PACE assessment — and the energy savings — transfer automatically upon property sale.
Eligible property types and basic qualification requirements in Connecticut.
Owner-occupied and investment properties both qualify. Single-family homes do not qualify (see Energize CT Smart-E loan for residential).
Not sure if your municipality participates? CT Green Bank maintains an up-to-date list at ctgreenbank.com. As of 2026, over 140 of CT's 169 municipalities have opted in — including all major cities: Hartford, New Haven, Stamford, Bridgeport, Waterbury, and Norwalk.
C-PACE financing covers a wide range of clean energy and efficiency improvements — not just solar panels.
Blue items are primary use cases. All items eligible when paired with qualifying energy improvements.
C-PACE provides 100% financing. Section 48E ITC reduces effective cost by 30–70%. Together, they produce one of the strongest commercial solar ROI profiles available.
| Tax Credit Component | Amount | Key Notes |
|---|---|---|
| Base ITC (Section 48/48E) | 30% | Available for projects starting construction before July 4, 2026 |
| Domestic Content Adder | +10% | US-made panels (Silfab, REC, Q.CELLS US), FEOC deadline July 4, 2026 |
| Energy Community Adder | +10% | Coal closure zones, high unemployment fossil fuel counties |
| Low-Income Adder | +10–20% | Qualified low-income census tracts or facilities serving LMI tenants |
| Maximum Total ITC | Up to 70% | All adders combined — rare; 40–50% is typical for CT commercial projects |
Important: The Section 48/48E ITC is claimed by the system owner — which in a C-PACE structure depends on how ownership is structured. Direct property owners who own the solar system claim ITC directly. If using a lease/PPA overlay, the third-party system owner claims ITC. NuWatt structures each project to maximize available credits. FEOC-compliant panels (Silfab, Q.CELLS US, REC) unlock the domestic content adder — FEOC deadline is July 4, 2026.
Five steps from inquiry to operating solar system, typically 8–12 weeks total.
CT Green Bank reviews your property and project for basic eligibility. Typical criteria: property taxes current, no pending foreclosure, project meets minimum energy savings thresholds.
Work with a qualified installer (like NuWatt) to design the solar system and prepare equipment specifications. Competitive bids ensure fair pricing. A 200 kW commercial system typically runs $280,000–$360,000 installed.
CT Green Bank matches your project with private capital providers (banks, credit unions, specialty lenders). The capital provider funds 100% of project cost. No personal guarantee required.
A C-PACE assessment is placed on your property — similar to a special property tax. This secures the lender's interest. The assessment transfers with the property if you sell.
Installation proceeds. Repayment begins on your next property tax bill. Annual C-PACE payments are typically structured so the energy savings exceed the payment — net-positive cash flow from day one.
How C-PACE + Section 48E works in practice for a mid-size Connecticut commercial property.
Note: This example uses FEOC-compliant domestic content panels (Silfab or equivalent) to unlock the 10% domestic content adder. MACRS 20% bonus depreciation applies in 2026 (drops to 0% in 2027) — adding further after-tax benefit. ITC claimed by system owner; structure varies by project.
NuWatt handles C-PACE applications, project design, and ITC structuring for Connecticut commercial properties. No upfront cost. First step is a free site assessment.