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 Connecticut Solar incentive program Launched

 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 $7.5 million, although long-term there is $40 million allocated to the program.  Only customers of Connecticut Light & Power and United Illuminating are eligible.

Systems owned outright by a homeowner receive an upfront rebate, whereas systems owned by a third party receive a performance-based incentive. The overall goal of the program is 30 MW of residential PV by 2022, and the incentive amounts are scheduled to step down over time. Systems up to 10 kW are eligible for incentives. The first two steps have already been published; the program is currently in “step one.”

 Why Solar:

  What could be more natural than using the sun to power your home? With State incentives and solar tax credits solar is more affordable than you may think.

Who is eligible?

  • If your home is in the Connecticut Light & Power Company or the United Illuminating Company service territories and offers a good location for a solar system, you can qualify to receive CEFIA’s residential solar incentives.

Unlike traditional electric power Solar PV systems:

  • Are reliable, pollution-free, and use a renewable source of energy.
  • Help preserve the Earth’s finite fossil fuel resources and reduce air pollution.
  • Allow owners to add an energy-producing improvement to their property and over time to recover the cost of the system through reduced electric bills.
  • Make owners less vulnerable to future increases in the price of electricity.

Contact us today for a free consultation. We will let you know if a solar solution can be provided to fit your needs and property.