The Connecticut Energy Finance and Investment Authority (CEFIA) provides a rebate for solar PV installations based on system production. $10 million has been allocated to help Connecticut homeowners go solar. Step 3 is currently open at $1.75/watt up to 5,000 watts and $0.55/watt from 5,000 -10,000 watts.
Connecticut Light and Power (CL&P) 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.
The RFP has closed for large and mid size ZREC/LREC projects. Small projects- under 100 kW - solar projects will be opening shortly. United Illuminating has announced the ZREC price at $148.89 for small projects. The price may change pending PURA's final decision.
For more information on the program visit CL&P's ZREC website.
Finance your solar system via the Connecticut Housing Investment Fund, CHIF. Single-family homeowner may borrow up to $25,000 and multi-family property owner may borrow up to $2000 (maximum $60,000 per building) per unit for a period of 10 years.
For more information contact CHIF at 860-233-5165.
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.