New Solar Incentives in CT for Rooftop Systems

Homeowners in Connecticut Have Great New Incentives for Going Solar

CT residents will be going for more rooftop solar installations thanks to new incentives just passed in the state.

Connecticut residents paid the third highest electricity rates in the U.S.A. in 2010, second only to Hawaii and New York. Using solar energy is a way to save on energy costs, even while solar represents a mere fraction of the overall energy supply in the state. With all of the great solar-related subsidies available in Connecticut combined with the current cost of solar panels, it’s possible that the use of clean solar energy will expand significantly. Our CT Solar Store is ready to write estimates for installations to be done this summer.

State and Federal Subsidies
Solar Incentives in CT will fuel stong growth in Solar Installations

A solar power initiative in Connecticut being subsidized by ratepayers has installed rooftop solar panels on 209 homes at a cost of $2.5 million.

On May 18th, 2012, the Clean Energy Finance and Investment Authority made an announcement regarding plans to spend $10 million for 5.6 megawatts of additional solar panels for homes. According to spokesperson David Goldberg, state subsidies in Connecticut represent approximately a third of the total cost of solar panel installations.

Goldberg said that the 10-year goal is to generate up to 30 megawatts of residential solar power, which represents a potential cost of $90 million. He also says that backers project the goal can be reached sooner than that.

Visit Yankee Doodle Solar Store, a division of Sam Halsey's fireplace and stove store right on Rt. 9 in Wilton, CT. Give him a call soon to get on the Solar Express! 203-544-8111

It costs between $20,000 and $30,000 for the average home to install solar panels on the roof. There’s a state program which provides an average of 1/4th to 1/3rd the cost of these rooftop solar panel installations. When you consider the federal tax credits of an additional 30%, the price tag of residential solar panel installation is cut roughly in half.

Connecticut also offers rebates for solar installations, joined by 12 other states, Washington, D.C., and Puerto Rico. For example, in Massachusetts, rebates of up to $4,250 are paid for residential solar use.

The use of solar energy in the U.S. has risen from 0.7% to 2.5% just in the last few years, though it’s still a very small percentage of energy sources overall. Subsidies are greater for switching to solar energy in states like Connecticut where electricity costs are painfully high.

Residential Solar Power Supply

Residential solar panels, on average, supply approximately one-third of the electricity used in the home. The majority of homeowners want to displace all of their use of electricity to solar, but that goal is rarely possible. The amount of roof space required makes it impossible, and shade also affects the amount of solar power generated. That being said, it’s not unreasonable to expect to displace electric bills by as much as 70% in some instances. And experts say that homeowners who invest in solar panels can see a return on the investment within ten years.

The current and projected benefits for homeowners in Connecticut to switch to solar power provide remarkable incentives to tap into clean energy supplied by the sun.

If you want to learn more about how solar electric and solar thermal can help you achieve more energy independence contact Yankee Doodle Solar Store in Wilton. Their North American Solar Store serves all of Fairfield County including Wilton, Westport, Shelton and Monroe.

If you are not sure about what Solar Store to hire, watch our short video about North American Solar Stores and see us in action with 24 Solar Stores you can depend on across the U.S. and Canada. Visit the Main Website to learn more about why NASS is the best choice for Solar PV and Solar Thermal for homeowners and small businesses.

 

Rt. 9, 848 Danbury Rd., Wilton, CT 06897 – yankeesam@me.com – 203-544-8111

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