Ct Solar Panel Program

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.

Ct solar panel program.

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. 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. 47 535 connecticut is one of the fastest growing of the smaller states in the solar industry.

The connecticut green bank provides incentives to offset the cost of your investment. 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. This success comes after the state launched the connecticut property assessed clean energy c pace program to offer property assessed clean energyfinancing and program services to municipalities and commercial property owners throughout connecticut. 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.

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. 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. Connecticut has a plethora of solar programs including.

What are ct s top solar tax credits and rebates. The residential solar investment program was the first solar specific initiative of the state. As of september 2020 the average solar panel cost in connecticut is 2 74 w. Paying with cash for solar leads to the highest dollar amount returns over time and the savings are huge in ct.

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. That is a homeowner who invests in a 5kw system would receive 2 315 right off the bat. It s now an affordable smart energy choice for connecticut homeowners.