A green bank could unlock financing for more clean energy projects, but some question its need and prospects.
After years of delays, stakeholders say they are ready to move forward with spending plans for the money, which was set aside by Eversource when it divested its generation assets.
Green banks are offering businesses a chance to borrow against previous investments in energy-saving upgrades.
Potential tax benefits offer cost savings in addition to spread-out payments of PACE financing.
The use of power purchase agreements for solar projects had been unclear before state regulators clarified last month.