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Manufacturing Client Secures the Largest C-Pace Financed Solar Project

Shipman & Goodwin represented Lesro Industries, Inc., a family-owned Connecticut manufacturing company in connection with the financing of the largest solar project financed by the Connecticut Green Bank’s, Commercial Property Assessed Clean Energy (C-PACE) program. With approximately 3,200 solar panels installed on the roof of the company’s headquarters, Lesro expects to save approximately $30,000 in utility costs per year. In addition to no upfront costs to Lesro, the Company was also able to include certain roof upgrades in the project financing while still achieving significant energy cost savings and stable electric pricing over the next twenty years.

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