Ct Solar Panel Program

The connecticut green bank provides incentives to offset the cost of your investment.

Ct solar panel program.

Additionally the constitution state offers solar sales and property tax exemptions to reduce the up front and long term cost of going solar. The ct solar lease program provides a great opportunity to add a solar system to your home without the high up front costs of ownership. Connecticut has a plethora of solar programs including. It s now an affordable smart energy choice for connecticut homeowners.

What are ct s top solar tax credits and rebates. After accounting for the 26 federal investment tax credit itc and other state and local solar incentives the net price you ll pay for solar can fall by thousands of dollars. Some of the ct green bank s most impactful public programs are smart e loans launched in 2006 the residential solar investment program launched in 2012 and c pace financing also launched in 2012. More than 19 000 connecticut households currently using solar power.

Paying with cash for solar leads to the highest dollar amount returns over time and the savings are huge in ct. Buying a solar pv system is an investment in the future. The average home in connecticut needs a 7 5 kw solar system made up of twenty three 325 watt panels which can produce about 8 750 kilowatt hours kwh and save the you the homeowner over 1 800 in electricity the first year. Officially known as the residential solar investment program and administered by the connecticut green bank this rebate is worth 0 463 per watt of solar installed up to 10kw.

Ct solar lease is currently providing a no money down opportunity to install a solar system on your property. That is a homeowner who invests in a 5kw system would receive 2 315 right off the bat. A specialist from each solar installer can then explain all of the cost saving initiatives that may be available to you from government and connecticut specific solar rebates incentives to the different solar panel financing and leasing programs all of which can help offset some of the initial solar system installation costs. Connecticut itself offers the expected performance based buydown incentive program which is a cash payment based on system size and reduces the up front cost of going solar.

Given a solar panel system size of 5 kilowatts kw an average solar installation in connecticut ranges in cost from 11 645 to 15 755 with the average gross price for solar in connecticut coming in at 13 700. Install a solar photovoltaic pv system and reduce your electricity costs with a proven reliable pollution free technology. As of september 2020 the average solar panel cost in connecticut is 2 74 w.