Connecticut Green Bank announced the completion of Commercial Property Assessment Clean Energy (C-PACE) financing for the solar photovoltaic system of Hitchcock Printing and Distribution Services located at 191 John Downey Avenue in New Britain, Connecticut. The system is expected to help businesses save over $1.2 million in energy costs in the next 20 years. The company was founded by Edwin Rogers Hitchcock in 1904 and owns a modern factory covering an area of 21000 square feet, with highly skilled employees and state-of-the-art equipment, providing printing, creative design, finishing, and mailing services.

Adding solar energy systems is key to maintaining current and future competitiveness, "said Anthony Braco, President of Hitchcock Printing Company. The most advanced equipment and well-trained young workforce, coupled with plans to manage energy costs, will ensure that we have an advantage in the coming years

The 227 kW system was developed and installed by Smart Roofs Energy.

Since 2013, C-PACE financing has helped building owners complete over 400 projects, with an estimated energy cost savings of nearly $420 million. C-PACE financing allows commercial real estate owners to immediately install green energy upgrades and pay up to 100% of the cost in installments at low interest rates, with a maximum term of 25 years.

Mackey Dykes, Vice President of Financing Projects at the Connecticut Green Bank, said, "We are seeing continued attention from energy intensive businesses seeking ways to reduce the burden of energy costs, especially by increasing solar energy systems. It's exciting when companies like Hitchcock Printing, which have a long history in the community, use green technology to increase profits