Advocates of renewable energy have been trying unsuccessfully to pitch a new federal program in gridlocked Washington. But, in the states, progress in Hawaii, as well as the Connecticut Legislature’s near-unanimous approval last year of a similar program, have sparked optimism in the renewable energy sector that states will support the industry as federal funding fades.
“States are getting creative,” says Lew Milford, president of Clean Energy Group, a non-profit organization that advocates for increased energy efficiency. But their meager resources can’t match the funding once doled out from Capitol Hill. “You’ve got to figure out how to make the money go farther,” he says.
That means moving away from providing simple grants and subsidies. It’s what energy officials in Connecticut are aiming to do nearly one year after Governor Dan Malloy signed a bill that created what energy officials dub the “Green Bank,” or more formally, the Clean Energy Finance and Investment Authority.