After disappointing news that energy legislation supporting PV incentives in Connecticut wasn’t moving forward, I am very happy to report some optimistic news in the state for solar programs. The CT Solar Lease Program may be accepting new applications subject to CT Clean Energy Fund (CCEF) Board approval. The board is expected to meet in late July so stay tuned for more details. Rebates are reported to be lower than the current lease program; however, the economics remain powerful and will offer homeowners the opportunity to make a smart energy investment.
A CT Solar Lease allows homeowners with moderate incomes the ability to add solar energy to their homes at no upfront cost and see the savings almost immediately. The lease program’s investors will own the solar system, but the system would be installed on a resident’s roof. The CT Solar Lease program will be able to lease it at an affordable rate because they will take advantage of the state’s solar rebates and federal tax credit.
A CT Solar Lease does have an income requirement based on the town, number of people in the household and household income. To qualify, a family household income must be 200% or less of the area’s median income and meet debt to income qualifications. The program requires no down payment and has been designed to provide homeowners with the lowest fixed monthly payment for 15 years. At the end of the 15 year term, you can decide to buy the system at the current depreciated value, extend the lease for another 5 years at a significantly reduced rate, or have the system removed at your own expense with no future obligation.
The CT Solar Lease program is one of the earliest, if not the first, residential leasing programs in the United States, launching before Solar City and SunRun. Solar City and SunRun offer what is more commonly called a Power Purchase Agreement where they purchase, install, and maintain the solar panels on a resident’s behalf. The CT Solar Lease program will not maintain the solar installations. However, they will aggregate and sell the Renewable Energy Credits (RECs) which are generated by these systems. The proceeds can be used by residents for maintenance of the solar installations including inverter replacement and out of warranty repairs.
In my opinion, this is a really innovative financing arrangement that allows solar installations to be accessible to a wider range of Connecticut residents. Just to give you an idea of what a solar lease would look like: An average system is about 5 KW and would cost less than a $120 per month. This is a locked in price over the next 15 years! In the last 5 to 10 years, the price of electricity has risen by an average of 7 to 11% in Connecticut, Massachusetts, and Rhode Island. This is a great opportunity for Connecticut homeowners to take advantage of solar incentives. I will make sure to report the outcome after the upcoming Connecticut Clean Energy Fund board meeting in late July.
Pingback: Tweets that mention CT Solar Lease Program to Reopen for New Applications? — BRIGHTSTAR SOLAR -- Topsy.com
Dear Brightstar Solar,
Great post! We’re trying to help raise the awareness around these great solar benefits in New England as well. If there is anything we can do to help you, please let us know!
All the best,
Matt Shaffer
http://ct.energynewsboard.com/
P.S. – Totally love your choice in blog theme/design – Cheers! 🙂
Interested in putting solar panels on my house to save on electric bills which average 400 a month.
I have been exploring for a bit for any high quality articles or weblog posts in this kind of house . Exploring in Yahoo I at last stumbled upon this web site. Reading this info So i¦m glad to exhibit that I’ve a very good uncanny feeling I came upon just what I needed. I so much without a doubt will make certain to don¦t disregard this web site and provides it a glance on a continuing basis.
You have brought up a very wonderful details, thanks for the post.
I’ve recently started a website, the info you offer on this website has helped me tremendously. Thank you for all of your time & work.
hi!,I like your writing so much! share we communicate more about your article on AOL? I need a specialist on this area to solve my problem. Maybe that’s you! Looking forward to see you.
Do you mind if I quote a few of your posts as long as I provide credit and sources back to your site? My website is in the exact same niche as yours and my visitors would really benefit from some of the information you present here. Please let me know if this ok with you. Thanks a lot!
Hello there! I know this is kind of off topic but I was wondering which blog platform are you using for this website? I’m getting sick and tired of WordPress because I’ve had issues with hackers and I’m looking at options for another platform. I would be great if you could point me in the direction of a good platform.
Do you have a spam problem on this site; I also am a blogger, and I was curious about your situation; many of us have developed some nice practices and we are looking to trade solutions with other folks, please shoot me an email if interested.
I conceive this site has some really great information for everyone. “The foundation of every state is the education of its youth.” by Diogenes.
Hey There. I found your blog using msn. This is a really well written article. I’ll make sure to bookmark it and return to read more of your useful information. Thanks for the post. I will definitely return.
I’ve read some good stuff here. Definitely worth bookmarking for revisiting. I wonder how much effort you put to create such a excellent informative web site.
I am impressed with this website , real I am a fan.
I am really loving the theme/design of your weblog. Do you ever run into any web browser compatibility problems? A couple of my blog audience have complained about my website not working correctly in Explorer but looks great in Opera. Do you have any solutions to help fix this problem?
Woah! I’m really enjoying the template/theme of this blog. It’s simple, yet effective. A lot of times it’s tough to get that “perfect balance” between superb usability and visual appeal. I must say you’ve done a very good job with this. In addition, the blog loads very quick for me on Firefox. Excellent Blog!
Thanks a lot for providing individuals with an exceptionally brilliant chance to read critical reviews from this website. It really is so pleasurable and also jam-packed with a lot of fun for me and my office co-workers to visit your website a minimum of 3 times per week to find out the newest things you have. And lastly, I’m also actually motivated with the very good knowledge you give. Certain 3 facts in this post are surely the most suitable we’ve ever had.
I?¦ll right away snatch your rss feed as I can’t find your e-mail subscription link or e-newsletter service. Do you have any? Kindly allow me understand in order that I may just subscribe. Thanks.
Thankyou for all your efforts that you have put in this. very interesting information.
You actually make it seem so easy along with your presentation but I to find this topic to be actually one thing which I believe I’d never understand. It kind of feels too complex and very vast for me. I’m having a look ahead on your subsequent put up, I¦ll try to get the dangle of it!
I have recently started a website, the information you provide on this site has helped me tremendously. Thanks for all of your time & work.
Your place is valueble for me. Thanks!…
F*ckin’ tremendous things here. I am very happy to see your article. Thank you a lot and i’m taking a look ahead to touch you. Will you please drop me a e-mail?
I got what you intend,saved to favorites, very nice internet site.
Have you ever considered creating an e-book or guest authoring on other websites? I have a blog based on the same subjects you discuss and would really like to have you share some stories/information. I know my audience would appreciate your work. If you’re even remotely interested, feel free to send me an e mail.
You made some decent factors there. I regarded on the internet for the problem and located most individuals will associate with together with your website.
Thanx for the effort, keep up the good work Great work, I am going to start a small Blog Engine course work using your site I hope you enjoy blogging with the popular BlogEngine.net.Thethoughts you express are really awesome. Hope you will right some more posts.
I’m not sure where you are getting your info, but good topic. I needs to spend some time learning much more or understanding more. Thanks for excellent information I was looking for this info for my mission.
I conceive this website has some really good information for everyone : D.
Can you be more specific about the content of your article? After reading it, I still have some doubts. Hope you can help me.
This is very fascinating, You are an overly skilled blogger. I have joined your feed and look forward to searching for more of your great post. Also, I’ve shared your site in my social networks!
I feel that is among the most important information for me. And i am glad reading your article. But want to statement on few general things, The web site style is great, the articles is really nice : D. Just right process, cheers
Everything is very open and very clear explanation of issues. was truly information. Your website is very useful. Thanks for sharing.
I simply could not go away your site prior to suggesting that I actually loved the standard info a person provide in your guests? Is gonna be back regularly in order to check out new posts.
You completed some good points there. I did a search on the subject matter and found the majority of persons will consent with your blog.
I’m not sure why but this site is loading extremely slow for me. Is anyone else having this problem or is it a issue on my end? I’ll check back later and see if the problem still exists.
Magnificent site. Lots of useful info here. I’m sending it to several friends ans also sharing in delicious. And obviously, thanks for your effort!
Simply wanna remark on few general things, The website design and style is perfect, the written content is very good. “If a man does his best, what else is there” by George Smith Patton, Jr..
As a Newbie, I am always exploring online for articles that can benefit me. Thank you
Fantastic site. Lots of helpful info here. I¦m sending it to several friends ans additionally sharing in delicious. And of course, thank you to your effort!
Whats up very cool website!! Guy .. Excellent .. Superb .. I’ll bookmark your site and take the feeds alsoKI am happy to seek out a lot of useful information right here within the put up, we’d like work out more techniques in this regard, thank you for sharing. . . . . .
Hi there, You have done an excellent job. I will definitely digg it and for my part suggest to my friends. I’m sure they’ll be benefited from this website.
Pretty! This was a really wonderful post. Thank you for your provided information.
Hello there, I discovered your blog by the use of Google whilst looking for a related topic, your website came up, it seems to be great. I’ve bookmarked it in my google bookmarks.
Nice post. I used to be checking constantly this weblog and I’m inspired! Extremely useful info specially the ultimate section 🙂 I deal with such information much. I used to be seeking this particular info for a long time. Thank you and good luck.
Hello! This post couldn’t be written any better! Reading through this post reminds me of my good old room mate! He always kept talking about this. I will forward this write-up to him. Pretty sure he will have a good read. Many thanks for sharing!
I love your blog.. very nice colors & theme. Did you create this website yourself? Plz reply back as I’m looking to create my own blog and would like to know wheere u got this from. thanks
Thanks for sharing. I read many of your blog posts, cool, your blog is very good.
Your article helped me a lot, is there any more related content? Thanks!
It’s perfect time to make a few plans for the future and it’s time to be happy. I have read this put up and if I may just I want to suggest you some attention-grabbing things or tips. Maybe you could write subsequent articles regarding this article. I want to learn more issues about it!