1 October 2020
On a block in Bridgeport, Connecticut, a row of small houses are each topped with solar panels. The homeowners might not have normally considered solar or been able to afford it, but they’re part of a program that helps lower-income households access solar power and efficiency upgrades. They now save hundreds of dollars each year on energy bills.
It’s one example of the work done by the Connecticut Green Bank, the country’s first bank of its kind—and an example of the type of work that could be done at a National Climate Bank, designed to help the U.S. quickly deploy wind and solar power, electric vehicles, and other climate tech. If the National Climate Bank Act, which recently passed with a bipartisan vote in the House, moves forward, it could also help provide millions of new jobs at a time when millions of Americans are out of work because of the pandemic.