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Connecticut

Connecticut

Incentives/Policies for Renewable Energy

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Residential Solar Investment Program   

Last DSIRE Review: 01/31/2013
Program Overview:
State: Connecticut
Incentive Type: State Rebate Program
Eligible Renewable/Other Technologies: Photovoltaics
Applicable Sectors: Residential
Amount:Customer-owned: first 5 kW: $1.75/W, for the next 5 kW up to and including 10 kW: $0.55/W
Third-party-owned: $0.300/kWh for six years
Maximum Incentive:Customer-owned: $11,500
Eligible System Size:1 kW to 10 kW
Installation Requirements:An energy assessment must be completed as step one, and must be installed by a CEFIA Approved Contractor
Funding Source:Clean Energy Finance and Investment Authority (CEFIA)
Program Budget:$10,000,000
Start Date:03/02/2012
Web Site: http://www.ctcleanenergy.com/YourHome/ResidentialSolarInvestmentP...
Summary:

Note: This program has multiple steps in which incentives are periodically reduced.  The rebate incentive is currently in step three; the performance-based incentive is in step two. For the latest update on program progress, see the Detailed Program Data.

In March 2012, the Clean Energy Finance and Investment Authority (CEFIA) unveiled its new solar photovoltaics residential investment program. The ultimate goal of the program is to support 30 megawatts of residential solar photovoltaics (PV).  The first round of funding is $10 million, although overall there is $40 million allocated to the program.  This residential program is limited to owner-occupied homes.  Only customers of Connecticut Light & Power and United Illuminating are eligible.

There are two incentive types available, depending on the ownership of the PV system.  For consumers who purchase a solar PV system for their residence directly, the first 5 kilowatts (kW) receives a maximum $1.75/W and the next 5 kW receives $0.55/W rebate, which may be adjusted based on expected performance.  Systems greater than 10 kW are allowed, but the incentive is only paid on the first 10 kW.

For consumers who do not purchase a solar PV system directly but enter into a contract with a company that owns/operates the system, there is a performance-based incentive (PBI) available to that third party owner.  Currently, it is $0.300 for six years and is paid on actual performance of the PV system.  In both cases, there is a bonus for using components manufactured in Connecticut. All systems must be installed with a CEFIA Performance Data Provider approved monitoring system (the cost of this system has been taken into account in designing the incentive levels). 

Interested customers are required to have a home energy audit first then select a contractor from a CEFIA approved list.  The contractor is responsible for completing all the paperwork and application materials, which are all completed online. Additional details are available on the web site.

 

 


 
Contact:
  Solar Incentives Information
Clean Energy Finance and Investment Authority
865 Brook Street
Rocky Hill, CT 06067
Phone: (860) 563-0015
E-Mail: info@ctcleanenergy.com
Web Site: http://www.ctcleanenergy.com
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Disclaimer: The information presented on the DSIRE web site provides an unofficial overview of financial incentives and other policies. It does not constitute professional tax advice or other professional financial guidance, and it should not be used as the only source of information when making purchasing decisions, investment decisions or tax decisions, or when executing other binding agreements. Please refer to the individual contact provided below each summary to verify that a specific financial incentive or other policy applies to your project.

While the DSIRE staff strives to provide the best information possible, the DSIRE staff, the N.C. Solar Center, N.C. State University and the Interstate Renewable Energy Council, Inc. make no representations or warranties, either express or implied, concerning the accuracy, completeness, reliability or suitability of the information. The DSIRE staff, the N.C. Solar Center, N.C. State University and the Interstate Renewable Energy Council, Inc. disclaim all liability of any kind arising out of your use or misuse of the information contained or referenced on DSIRE Web pages.

Copyright 2012 - 2013 North Carolina State University, under NREL Subcontract No. XEU-0-99515-01. Permission granted only for personal or educational use, or for use by or on behalf of the U.S. government. North Carolina State University prohibits the unauthorized display, reproduction, sale, and/or distribution of all or portions of the content of the Database of State Incentives for Renewables and Efficiency (DSIRE) without prior, written consent.