Connecticut has made a solid commitment to clean energy in recent years with the Solarize Connecticut campaign, its Connecticut Clean Energy Fund, and other solar incentives. In 2000, Connecticut began saving considerable amounts of money to invest in solar power, and in June 2011, the Clean Energy Finance Authority (CEFIA) established a mandate to create 30 new megawatts of residential solar energy systems by the end of 2022. Additionally, the state's utility rebate currently has $7.5 million in funding, with a total of $40 million on its way, indicating a promising future for solar power in Connecticut. Read on to decide whether or not a solar energy system is right for you and your home.
Grid Connected Solar Power Systems in Connecticut (2012)
- Residential Solar Power Systems: 3.8 Megawatt
- Non-Residential Solar Power Systems: 3.7 Megawatt
- Utility: NA
- Total: 7.5 Megawatt
- Cumulative: 39.6 Megawatt
Connecticut is one of the fastest growing small states in the solar energy industry, ranking 17th in the country in installed solar capacity. In 2013, Connecticut invested $143 million in solar installers for home, business, and utility use - a 154% increase from the previous year. With this growth expected to continue, Connecticut is well on its way to a successful future in solar energy.
Cost of Electricity in Connecticut
- Electricity Price: $0.19 per kWh
- Average Electricity Bill: $154.00
- Average Bill after Solar: $59
A solar installation in Connecticut can help homeowners save nearly two thirds on their electricity bill. The average monthly payment for leased solar energy systems is $38, leaving homeowners with $57 per month in total savings.
Because Connecticut is small state, it generally receives a steady amount of solar radiation between 2 and 3 kilowatt per day. The amounts represent an area of 1 square meter (10.76 square foot). Connecticut experiences a yearly average of 206 days of sunny or partly sunny days, providing ample sunshine for solar energy systems.
State Solar Incentives and Rebate Programs
- State Solar Tax Credit: None
- State Solar Rebate: 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 6 years. Maximum Incentive Customer-Owned: $11,500.
- Property Tax Exemption: 100% exempt
- Sales Tax Exemption: 100% exempt
Connecticut provides generous solar incentives and rebate programs. The Solarize Connecticut campaign receives funding from utility ratepayers and gathers support from as many homeowners as possible in order to lower the cost of residential solar installation. In addition, the Federal Tax Credit also applies.
Solar Installers in Connecticut
There are currently over 110 solar installers in Connecticut, employing approximately 1,100 people. The state's solar installers are licensed through Connecticut's Department of Consumer Protection.
Summary: Good Conditions for Solar Power Systems
With promising funding programs such as Solarize Connecticut and the Connecticut Clean Energy Fund, Connecticut is making it easy for homeowners to invest in solar power. Though state tax credits could be improved, Connecticut's growing funding and significant solar incentives could lead to excellent savings.
Solar Energy Fact Sheet: Connecticut, © SolarContact.com