Connecticut Incentives
- 30% Federal Solar Investment Tax Credit (ITC)
You can receive a tax credit covering 30% of the total cost of your solar system. This credit not only helps lower the cost of purchasing solar panels but also makes leasing them more affordable by reducing monthly payments. To fully benefit from the 30% credit with ownership, you need sufficient tax liability. If you don’t qualify, we can assist in exploring alternative options to optimize your savings. - Property Tax Exemption for Renewable Energy Systems
Solar panel installations are exempt from additional property taxes, meaning that the increased value of your home from solar panels will not result in higher property taxes. - Sales and Use Tax Exemption for PV and Geothermal Systems
Connecticut homeowners do not have to pay the standard 6.35% state sales tax on their solar panel systems, eliminating any additional sales tax costs. - Connecticut Green Bank Residential Solar Investment Program (RSIP)
This program offers incentives to Connecticut residents who install solar panels on their homes. These incentives come as rebates, helping to reduce the upfront cost of solar panel installation. - Connecticut Green Bank Solar for All Program
Connecticut’s Green Bank offers the Solar for All program, providing affordable solar energy options for low and moderate-income households. This initiative also promotes local job creation and supports a cleaner, more sustainable environment. - Connecticut Net Energy Metering
Connecticut residents receive utility credits for any excess solar energy they produce, which can be used to power their homes during nighttime or cloudy days. Additionally, Connecticut’s Net Energy Metering offers an extra $0.03 credit per kilowatt-hour of surplus energy, which can translate to a $300 credit if you use the average 10,000 kWh per year.