Connecticut offers numerous programs to encourage the use of solar power. The programs that make the biggest impact in cost savings are grants and rebates, and there are many of both types available in Connecticut.
Summary of Connecticut Incentive Programs
•Federal Tax Credit 30%
•State Rebate $2.50-$4W
•Available grants
Connecticut Grants and Rebates
State grant programs include a $10,000 grant to businesses for developing new solar technologies. Community grants available are in the amount of $4000 per community for public awareness and education programs. Large projects are eligible for grants from $850,000 for photovoltaic projects through the CT Clean Energy Fund. The United Illuminating Company has grants offered up to $300,000 for the commercial and construction sectors for design and implementation of buildings with included solar power.
There is one rebate program available in Connecticut: $1.25-$1.75W, with a maximum of $15,000.
Connecticut -Other Incentives
Connecticut offers both sales and property tax exemptions for the purchase of qualifying equipment. CT Solar Lease offers a leasing/lease purchase program for the addition of solar energy systems.
Financing Options
The state administered its Energy Conservation Loan program, with rates on a sliding scale based on income. There is an additional loan program available to both residential and commercial sector customers with a maximum loan amount of $150 million at prime. Connecticut Light & Power, Norwich Public Utilities, and the United Illuminating Company offer interest-free loan programs to residential and commercial customers for installation projects. Additional lending resources are available through the federal government.
Visit the DSIRE:Database of State Incentives for Renewables & Efficiency for further details.
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