Solar by State

Connecticut

Incentives Make Solar More Affordable Than Ever

The combination of government and utility incentives can drive down the cost of your solar installation by more than 50%! Federal, State, and Local governments, along with utilities, are pitching in to lower the cost of home solar power because solar is a great investment for them as well as for you. The incentives require some paperwork, which Astrum Solar will take care of for you.

Federal and Local Rebates

Federal Rebate

The Federal rebate is very straightforward. It is 30% off your installation price. It’s a simple one page form that attaches to your Federal tax return and you will get your money as a tax rebate. There is no risk money will run out.

Connecticut Clean Energy Finance and Investment Authority

In March 2012, the Clean Energy Finance and Investment Authority (CEFIA) launched its revised Residential Solar Investment Program. The first round of funding is $7.5 million, although long-term there is $40 million allocated to the program.  The program must result in a minimum of 30 megawatts of new residential PV installation in Connecticut before December 31, 2022. Incentives are granted on a first-come, first-served basis and applications will be accepted until funds are fully committed. Only customers of Connecticut Light & Power and United Illuminating are eligible.

For homeowners who purchase a solar PV system for their residence directly, the grant is $2.275 per watt for the first 5 kW AC and $1.075 per watt for the next 5 kW AC, which may be adjusted based on expected performance.  Systems greater than 10 kW are allowed, but the maximum incentive is $18,500. For homeowners who lease a solar PV system there is a performance-based incentive (PBI) available to that third party owner that is paid on actual performance of the PV system.  These grants are available only to those who have a home energy audit first and use approved installers, and Astrum Solar is a CEFIA incentive program approved installer. For more information see the CEFIA website.

Solar Renewable Energy Credits

Most states have laws requiring utilities to produce a percentage of their electricity using renewable sources of energy (or pay a fine to the state). The utility can meet this requirement by buying Solar Renewable Energy Credits (SRECs) from solar homeowners. It’s a win-win-win situation! You get money from the utility for putting up solar panels, the utilities don’t need to become experts in adding solar to roofs, and the state gets more solar installations.

The renewable portfolio standard goals adopted in Connecticut do not include any special provisions requiring solar energy. At this time there is no requirement for utility companies in Connecticut to purchase SRECs and thus SRECs have no value in Connecticut. For customers in states with an SRECs market, Astrum Solar aggregates SRECs and sells them to utility companies. SRECs prices are not fixed but negotiated, and Astrum Solar, as one of the top SRECs aggregators in the U.S., has the leverage to get the best value for our customers.