Connecticut Solar Incentives
Connecticut is one of the fastest-growing small states for going Solar! Connecticut has great solar programs and solar energy incentives for consumers looking to add Solar Power to their homes. Affordable financing models and Connecticut solar incentives make it easy for homeowners to install solar power.
Federal Solar Tax Credit (ITC)
The federal government also provides some significant incentives to help the Americans go solar. The federal Investment Tax Credit (ITC) is one of the most significant subsidies for solar. This rebate is worth 26 percent of the system cost, and will be deducted from your federal income tax. The ITC applies only to those who buy their PV system outright and you must have enough income for the tax credit to be worthwhile.
Connecticut Solar Rebate Program
Known as the Residential Solar Investment Program and administered by the Connecticut Green Bank, this rebate is worth $0.463 per watt of solar installed (up to 10kW). This means that a homeowner who invests in a 5kW system would receive $2,315 right from the beginning. If you were to install a 10kW system you could save a whopping $4,630!
Connecticut Net Metering
Connecticut has a net metering policy that credits you for the extra electricity your system produces, and allows you to use those credits when your system doesn’t generate enough power. Rest assured that any extra/unused power that is generated by your solar system will not go wasted. Eversource offers the top utility net metering program in Connecticut.
Connecticut Energy Conservation Loan Program
On top of their solar rebate, the government of Connecticut may also provide you with a low interest loan for your system. Thanks to the Energy Conservation Loan, eligible families can borrow up to $25,000 for 10 years at low interest rates between 0 percent and 6 percent.
Connecticut's Future is Brighter with Solar Incentives
Thanks to its rebate program and other state incentives, Connecticut continues to pave the way for more and more of its millions of homeowners to go solar. Solar Wolf Energy can walk you through the process step-by-step, from the initial plans to the permits and paperwork. Solar Wolf installers will determine the best design for your home or business while maximizing federal, state, and utility incentives.