CEFIA Awards ‘Campus Efficiency Now’ Loans

The state’s Clean Energy Finance and Investment Authority (CEFIA) recently announced that it will lend $1 million to participating members of the Connecticut Conference of Independent Colleges (CCIC) as part of its “Campus Efficiency Now” program.  The five schools in the program’s pilot phase are the University of Hartford, Mitchell College, Connecticut College, the University of Saint Joseph, and the University of New Haven.  Under the program, the schools can use the loan to pay up-front costs for energy efficiency upgrades and then repay it through the savings generated by the projects under a five-year energy saving agreement administered by GreenerU, Inc.  CEFIA expects participation by additional CCIC schools and additional funding from private investment sources once the pilot programs produces positive results.