News: Owners Developers & Managers

The Connecticut Green Bank and Lynch Toyota complete carport installation through C-PACE financing

Hartford, CT The Connecticut Green Bank and Lynch Toyota in Manchester have completed a solar carport installation at the dealership financed through C-PACE. The 298.1 kW solar carport installed by Earthlight Technologies in Ellington is projected to save more than $968,000 over its lifetime.

Lynch Toyota in Manchester is a family-owned and operated car dealership founded in 1970 by Michael Lynch Sr. The dealership offers a wide selection of new and used cars, trucks, and SUVs, along with an autobody shop and a full-service department. Since 2003, Lynch Toyota has received Toyota’s President’s Award every year, recognizing excellence in customer satisfaction and operational performance.

“For us, covering our lot with solar panels makes both financial and practical sense. We are saving money, and it helps keep our vehicles protected from the elements,” said general manager Conor Lynch.

Solar projects financed through Commercial Property Assessed Clean Energy (C‑PACE) are designed to achieve a positive savings-to-investment ratio, meaning energy savings are expected to exceed project costs over time, helping commercial property owners reduce operating expenses while investing in clean energy upgrades.

“A solar canopy can be a great option for a property owner wanting the benefits of solar when the roof isn’t the right choice and a large parking lot is available,” said Mackey Dykes, vice president of financing programs at the Green Bank. “The best approach for property owners is to discuss their specific needs with a contractor and learn what makes the most sense for their situation.”

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