Want to lead Connecticut's transition to solar energy?
Homeowners across Connecticut are dis-Connecting from the utility companies like never before. The growth of home solar in Connecticut – once moving at the pace of a New Haven traffic jam on I-95 – has accelerated rapidly in recent years due to the introduction of great local solar incentives. In addition to the federal tax credit which can offset almost 1/3 of the cost of your solar system, the Connecticut Green Bank offers an upfront rebate which reduces the cost of your system off the bat. The value of solar incentives in Connecticut can be worth thousands of dollars and makes the economics of going solar a home run. Through the Dividend Finance-sponsored Solarize Connecticut program, homeowners across Connecticut are going solar and enjoying the benefits of solar ownership. Our customers in Connecticut have installed home solar panels for a variety of reasons: to help the local environment, to save money from Day 1, to gain independence from the utility companies, to show off their sweet new panels to their neighbors. All of them have taken advantage of one of Connecticut's great natural resources: the sun.
Home Solar in Connecticut Is More Affordable than Ever Before
- Federal Tax credit may be available
- Upfront Rebates
- Sell Your Extra Production with Net Metering
How Going Solar in Connecticut Works
Step 1: Sign up online
Step 2: Talk to a solar specialist
Step 3: Check out your custom design
Step 4: Relax during installation
Step 5: Watch your savings grow
Connecticut is one of the top states to go solar and maximize your savings. Aside from saving money on your electric bill, there are two other key incentives that help solar ownership in Connecticut make sense: 1) the 26% federal tax credit and 2) the Residential Solar Investment Program from the Connecticut Green Bank.
First, the federal government offers a 26% tax credit which is available in all 50 states. This credit is applied to the federal taxes you pay each year, thereby lowering the net cost of your solar system, and has been extended to last until at least 2020. This credit is a great benefit of going solar: money that you would otherwise pay in taxes can now be used to own your solar system sooner. It is important to note that you can only reap the benefits of the federal tax credit* – which can cover up to 26% of your system's cost – if you own your system directly (instead of leasing it or choosing a Power Purchase Agreement). With the Dividend Solar EmpowerLoan, you own your system and you get all of the economic benefits of going solar in Connecticut.
Secondly, the Connecticut Green Bank offers an upfront rebate equal to $0.54/watt for homeowners who purchase their solar system. For an average-sized system, this rebate can be worth almost $4,000 which serves as a discount on the purchase price of your system.
*Dividend Finance does not provide tax or legal advice. Please consult your tax advisor for more information.
The combination of the 26% Federal Tax Credit, the Connecticut Green Bank Rebate and the ability to offset the cost of electricity from your utility company make going solar in Connecticut a whale of a deal.
When you begin to generate your own solar power, your utility bill can drop significantly. How much you can save will depend on the size of your solar system, your electricity usage, your current utility rates, and other factors. Our team and partners can design a system for you using remote assessment tools and can present you with a system designed specifically for your home to give you a sense of your expected solar savings.
Working with the best solar installers in Connecticut, Dividend Finance offers our customers a better, simpler way to go solar and save money on your utility bills.