|
| Rebate Type |
Amount |
| Solar Power Installation Rebate |
Up to $5,000 per kW installed, up to $46,500 per system. To be reduced beginning January 2009. |
Property Tax Exclusion |
100% of system value |
| Property Tax Exclusion |
None |
| State Tax Credit |
None |
|
CCEF - Solar Power PV Rebate Program
| Incentive Type: |
Connecticut State Solar Power Rebate Program |
| Eligible Renewable Technologies: |
Solar Power Photovoltaics |
| Applicable Sectors: |
Residential, Nonprofit, Local Government, State Government, Multi-Family Residential, Institutional |
| Incentive Amount: |
Residential: $5/watt (PTC rating) for first 5 kW; $4.30/W (PTC) for next 5 kW, adjusted based on expected performance
Gov't/Non-profit: $5/watt (PTC rating), adjusted based on expected performance |
| Maximum Incentive: |
Residential: $46,500;
Gov't/Non-profit: $50,000;
Incentives will be subject to a maximum of the customer’s average annual or expected electric usage |
| Eligible System Size: |
Up to 10 kW |
| Equipment Requirements: |
Equipment must be new and listed on the California Energy Commission's list of eligible equipment; Inverters and installation must carry a minimum 5-year warranty; PV panels must carry a minimum 20-year warranty. |
| Installation Requirements: |
Installation must comply with all federal, state, and local codes;
Must be grid-connected and installed by a pre-approved contractor;
Installation must be in service territory of United Illuminating Company or Connecticut Light & Power |
| Program Budget: |
$11.5M (originally $5M over three years; additional funds allocated in 2007) |
| Ownership of Renewable Energy Credits: |
Remains with customer/producer |
| Funding Source: |
Connecticut Clean Energy Fund |
| Website: |
http://www.ctcleanenergy.com/default.aspx?tabid=68 |
Note: The Connecticut Clean Energy Fund (CCEF) has announced that rebate levels will be reduced on January 1, 2009, due to the recent extension and expansion of the 30% federal tax credit for residential photovoltaic (PV) systems. Go to the Connecticut Clean Energy Fund web site for the latest information. http://www.ctcleanenergy.com/default.aspx?tabid=68
The Connecticut Clean Energy Fund's (CCEF) solar photovoltaic (PV) program offers qualified installers monetary incentives that will be passed on to customers in the form of rebates. This program supports residential, non-profit, and governmental installations. Through September 2007, CCEF had disbursed approximately $4.5 million in incentives, for slightly more than one megawatt (MW) of solar capacity installed, and had approved an additional $2.5 million in rebates.
The rebate level for residential systems is $5/watt (W) (PTC rating)* for the first five kilowatts (kW) and $4.30 for the next five kW, with the payment adjusted based on expected system performance. The funding cap is $46,500 per project. Factors considered in calculating the rebate include: PV panel selection, inverter efficiency, system orientation and tilt, and shading on the site. Governmental and non-profit installations are eligible for a $5/W (PTC) rebate, adjusted based on expected system performance, with a maximum rebate of $50,000.
Connecticut Property Tax Exemption for Solar Power Renewable Energy Systems
| Eligible Renewable Technologies: |
Passive Solar Space Heat, Solar Water Heat, Solar Space Heat, Photovoltaics, Landfill Gas, Wind, Biomass, Hydroelectric, Fuel Cells, Geothermal Heat Pumps, CHP/Cogeneration, Tidal Energy, Wave Energy, Ocean Thermal |
| Applicable Sectors: |
Commercial, Industrial, Residential, Multi-Family Residential, Agricultural, (Note: exemption for Class I resources applies only to residential dwelling with four or fewer units) |
| Amount: |
100% exemption for renewable energy property; municipalities are authorized to exempt CHP systems |
Connecticut provides a property tax exemption for "Class I" renewable energy systems* and hydropower facilities that generate electricity for private residential use. The exemption is available for systems installed on or after October 1, 2007, that serve single-family homes or multi-family dwellings limited to four units. In addition, "any passive or active solar water or space heating system or geothermal energy resource" is exempt from property taxes, regardless of the type of facility the system serves. In addition, Connecticut municipalities are authorized, but not required, to offer a property tax exemption for qualifying combined heat and power (CHP) systems installed on or after July 1, 2007. |
