Go Solar Today.
Lower your electric bill, increase your property value, reduce your tax liability, and help the environment.
Connecticut may be a small state, but they’re poised to make a big impact in solar. Thanks to its generous rebate programs and statewide solar panel installation incentives, Connecticut is helping millions of homeowners make the transition to renewable energy.
CT Green Bank has introduced a truly incredible program called the Homeowner Performance Based Incentive (HOPB) for Connecticut homeowners who choose to go solar. If you install a solar panel system that generates up to 10kW, you can qualify for a rebate of $0.54 per watt. Larger systems that generate more than 10kW qualify for a rebate of $0.40 per watt.
Any homeowner who purchases a solar panel system in the state of Connecticut is exempt from paying sales tax. You’ll also be granted a property tax exemption, making the value added to your home by going solar deductible from the assessed value of your property.
The ITC, also known as The Federal Investment Tax Credit, is also available to Connecticut homeowners who purchase their solar panel system outright. This credit amounts to 30% of your solar system’s cost after deducting the value of your state rebates. But this one isn’t going to be around forever. By the end of 2019 ITC credits will drop from 30% to 26%. The following year, after 12/31/2020, the tax credits for installations will drop to 22%. This is one of many reasons why it makes sense to go solar now.
Lease agreements or loan terms can be customized based on your needs, resulting in complete solar panel system installations with zero out of pocket upfront for the homeowner. Our specialists will work with you hand in hand to ensure you take advantage of all the state and federal incentives, credits, and rebates that are available to Connecticut residents. We’ll even handle all of the paperwork, streamlining the process for you to get your solar panel system installed hassle free. So just sit back and watch as your energy bill gets crunched in half.
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