There have been over 50,000 solar installations to date, and Green Power Energy has established itself as a leader in the state.
Green Power Energy serves all of Connecticut and has a regional office in Durham, CT in order to provide our 5-star service to our CT solar customers.
Connecticut has great sunlight year round, and the bonus is the State’s commitment to solar energy. Connecticut has a goal of being a 0% carbon state by 2040, and Green Power Energy offers solar programs in CT which allow our customers to go solar for $0 down.
Available Purchase Offerings in Connecticut:
Cash Purchase, $0 Down Solar Loan, $0 Down Solar Lease.
Available Products in Connecticut:
Solar PV Installation, Home Battery Installation, EV Charging Installation
Connecticut Solar Incentives
Net Metering
Net Metering is a billing mechanism which allows grid- tied solar producers to put electricity that they do not use from their solar array back into the grid. When the solar produces more power than the site needs, the utility meter spins backwards, and the account holder will have a credit against future energy use. The solar producer is then billed for their total “net” usage at the end of the month, which is the balance between the power pulled from the grid and the power put back into the grid.
Netting Tariff
Solar customers within Eversource territory in Connecticut may qualify for a REC (Renewable Energy Certificate) incentive payment in addition to their traditional Net Metering program. Within Eversource, each time a solar electric system generates 1,000 kWhrs of electricity, a REC will be issued worth $31.80 for a 20-year period. As this incentive is in addition to net metering, the REC is issued regardless of household energy usage creating additional 20-year cash flow from the initial solar investment.
Federal Solar Tax Credit (ITC)
The Solar Investment Tax Credit (ITC) is a dollar-for-dollar federal tax credit which reduces a person or business’ tax liability based on the amount they have invested in a solar energy project. The residential and commercial ITC are both worth 30% of a solar project’s cost though 2032. For example, a $10,000 solar electricity system will be eligible for a $3,000 federal tax credit. Customers that purchase or finance their system through a solar loan are eligible for this incentive.
Energy Storage Solutions
Utility customers who install battery storage within Eversource and UI territory may qualify for the Energy Storage Solutions Rebate through Connecticut Greenbank. This program features an initial upfront rebate of $200 per kWh of storage capacity installed with a cap of $7,500. For example, an 18 kWh battery would be eligible for a $3,600 upfront rebate. Residential customers enrolled in this program will also receive performance incentive payments every year based on the average power their battery contributes to the grid during critical periods. Depending on the kW rating of your storage system, you can get paid over $1,000 per year on average.
