Connecticut may be “full of surprises,” but solar power’s success is definitely no surprise. Solar panels are a popular choice for clean power in Connecticut because the state has some of the highest electricity rates in the country.
Connecticut gets an abundance of sunny days throughout the year, and sunshine is all you need to free yourself from that high electricity bill from your utility. Install solar panels to transform sunshine into a clean, reliable, and affordable energy source. With solar panels from Direct Energy Solar, you can declare energy independence, lower your electricity bill, and do your part to protect the planet.
There’s nothing surprising about that.
According to the U.S. Energy Information Administration (EIA), Connecticut is one of the top five most expensive states in the country for residential electricity—March 2017 rates averaged at $.20/kWh! Only two states had higher rates.
And while there are occasional dips in prices, electricity rates in Connecticut are trending upwards. This table was compiled using Connecticut electricity rate data provided by the EIA.
That’s more money back in your pocket to spend on more important things than utility bills. Just think of the possibilities.
Connecticut Solar Snapshot
Of the smaller states, Connecticut is one of the fastest growing in the solar industry. According to the SEIA, 91 MW of solar electric capacity was installed in Connecticut in 2015, ranking the state 14th nationally. That brings the total installed solar capacity in Connecticut to 265 MW, ranking it 17th in the country—installed solar capacity in has grown by 64% over the last year!
The Solar Investment Tax Credit (ITC) is a very generous federal solar incentive that allows you to claim a tax credit for 30% of the total cost of installing your solar system.
It will remain at the 30% level until the end of 2019 and will then ramp down incrementally through 2021. After 2023, the residential credit will drop to 0% while the commercial credit will drop to a permanent 10%.
We’ve prepared a checklist you can use to ensure you meet the criteria for this incentive, with links to the forms needed.
Direct Energy Solar installation in Connecticut
The Residential Solar Incentive Program (RSIP) is provided by the Connecticut Green Bank to offset the cost of your solar investment.
The current Connecticut grant is $0.487 per watt up to 10 kW (depending on your previous 12-month utility electricity consumption). For greater than previous 12 month utility electricity consumption up to 20 kW, the grant is $0.40 per watt.
You can learn more at Energize CT—incentives are available to Connecticut homeowners who have a home energy audit first and use an approved installer like Direct Energy Solar.
Connecticut utility companies are required to participate in the net metering program. Net metering allows homeowners and businesses that generate excess energy with their solar system to offset the cost of power drawn from the utility.
When your net meter sends back to the grid any excess solar electricity that your solar system generates, you’ll receive the full retail value of that electricity.
At the end of each billing cycle, if you send more electricity back to the grid than you used, you earn credit towards your next bill.
When your solar panels produce electricity for your home, they also produce Solar Renewable Energy Certificates (SRECs). SRECs are credits that represent the environmental benefits associated with producing 1,000 kilowatt hours (or 1 megawatt hour) of solar electricity. You can sell your credits back to utility companies in an open market and earn more money from going solar.
If you accept a Connecticut residential PV solar grant, you transfer ownership of the SRECs your system generates to the Connecticut Green Bank.
Looking for more information about Connecticut state policy, solar incentive information, statistics, and electricity rates?
We’ve compiled a list of useful links for you. When you meet with us, we’ll show you what incentives you are entitled to.
Direct Energy Solar combines the reliability and skill of a national solar company with personalized service and local knowledge. Going solar is an exciting decision! We can help you harness the sun’s full potential for your home in Connecticut and are devoted to delivering the most carefree solar experience.
54 Tuttle Place
Middletown, CT 06457
Find out if you are in our service territory and if you are a good fit for solar by requesting your free solar quote.