Hitchcock Printing installs solar system to power their facility

New Britain business will save more than $1.2 million in energy costs

HARTFORD, Conn. (January 16, 2025) – The Connecticut Green Bank is pleased to announce the closing of Commercial Property Assessed Clean Energy (C-PACE) financing for a solar photovoltaic system at Hitchcock Printing & Distribution Services, located at 191 John Downey Drive in New Britain. The system is estimated to save the business more than $1.2 million in avoided energy costs over the next 20 years. Founded in 1904 by Edwin Rogers Hitchcock, the company runs a modern 21,000 square foot facility with a highly skilled workforce and state-of-the-art equipment to provide printing, creative design, finishing, and mailing services.

“The addition of our solar system is a key to staying competitive now and in the future,” said Anthony Bracco, President of Hitchcock Printing. “State-of-the-art equipment and a highly trained youthful workforce accompanied with a plan to manage our energy costs will ensure that we have an edge in the years to come.”

The 227-kw system was developed and installed by Smart Roofs Solar Inc. in Monroe.

Since 2013, C-PACE financing has helped building owners complete more than 400 projects for estimated energy cost savings of nearly $420 million. C-PACE financing allows commercial property owners to install green energy upgrades today and pay for them over time, covering up to 100% of costs at low-interest rates with terms up to 25 years.

“We are seeing continued interest in C-PACE from energy-intensive businesses seeking ways to reduce their energy-cost burdens, especially through the addition of solar systems,” said Mackey Dykes, Vice President of Financing Programs at the Connecticut Green Bank. “It’s exciting when companies with long histories in their community, like Hitchcock Printing, take advantage of green technologies to enhance their bottom line.”

For more information about C-PACE, please visit ctgreenbank.com/cpace.

About the Connecticut Green Bank

The Connecticut Green Bank was established by the Connecticut General Assembly in 2011 as the nation’s first state-level green bank and has since supported the creation of more than 30,000 green jobs in the state, while reducing the energy cost burden on over 77,000 families, businesses, and nonprofits. The Green Bank’s vision is a planet protected by the love of humanity and its mission is to confront climate change by increasing and accelerating investment into Connecticut’s green economy to create more resilient, healthier, and equitable communities. This is accomplished by leveraging limited public resources to scale-up and mobilize private capital investment into Connecticut. In 2017, the Connecticut Green Bank received the Innovations in American Government Award from the Harvard Kennedy School Ash Center for Democratic Governance and Innovation for their “Sparking the Green Bank Movement” entry. To date, the Green Bank has mobilized more than $3 billion into the State’s green economy. This has reduced the energy costs for thousands of families and businesses, and reduced greenhouse gas emissions that cause climate change and worsen public health.

 For more information about the Connecticut Green Bank, please visit www.ctgreenbank.com