CT Solar Incentives

 

COnnecticut Residential Rebate Program

The CT Green Bank provides a rebate for solar PV installations based on system production.  CT Green Bank will rebate a solar installation based on how much electricity your home consumed in the last 12 months.

The current Homeowner Performance-Based Incentive is $.513/watt up to 10 kW. Greater than 10 kW up to 20 kW is $.40/watt.

Click here for CT Green Bank's sample calculation.

CT Commercial ZREC/LREC Program - Zero Emission Renewable Energy credits/ LOW emission renewable energy credit's

Eversource and United Illuminating (UI)  are offering long term contracts for the purchase of the solar energy through Renewable Energy Certificate's (REC's).  In Connecticut REC's are called ZREC's and LREC's (Zero Emission Renewable Energy Credit's or Low Emission Renewable Energy Credit's ). 

The utilities are mandated through the Connecticut Energy Law passed into legislation in July of 2011 to spend $8 million.  The $8 million is split between Ui and CL&P territories.  Each territory has three bid categories based on size; under 100kW, 100-250 kW, 250-1mW.

Year Four Small projects- under 100 kW - solar project application has yet to open in 2016.  The price of $82.58 is waiting approval from PURA.

For more information on the program visit Eversource's Renewable Energy webpage.

Federal Incentives

H.R.1 - The Department of Treasury is offering a 30% federal tax credit for both residential and commercial solar installations. 

H.R. 4853 Corporate Depreciation - Eligible solar pv systems placed into service before January 1, 2012 qualifies for 100% first year bonus depreciation.

Please visit Energy.GOV for more information regarding the tax credit for businesses.

Please visit Energy.GOV for more information regarding the residential tax credit.

Click Here for Solar Financing Programs

For additional information please visit the Database of State Incentives for Renewables & Efficiency