If someone wants to have a solar home in CT, the state makes it much easier than most others. They were the second state in the United States to reach what is commonly known as grid parity. Hawaii was the first. This simply means that they have a percentage of their power coming from renewable resources such as photovoltaic (PV) energy.
In the beginning, there was an initiative to lease the systems that began with zero down and fixed low interest rate pricing throughout the financing period. The program was aimed at helping people achieve a solar home in CT. The initial program only ran through April 2011. This program was put into place because the parity asked that the state have seven percent renewable energy electric producers by 2010. The next date is 2020, where the goal will be twenty-three percent.
The state created the Clean Energy Finance Authority or CEFA. Through this method of incentives, it is possible to receive a one-time payment or payments over time for a solar home in CT. If a resident opts for the one-time payment, they then forfeit the credits for any overage of power that might have been possible. There are proponents for each type of incentive.
This is all configured through a RPS or Renewable Portfolio Standard. This means that each time frame that has been mapped out must find power suppliers in compliance with the percentage set forth for them in renewable resources.
Having the current programs in place is excellent for those who wish to have a solar home in CT. Direct sun light is limited and the climate is temperate. Therefore, it helps to be partially reliant on the power company for electrical energy. These incentives also help the power companies to be more dependent on renewable energy sources.
There are also rebates that are available to residents that opt for a solar home in CT. These rebates vary depending on how many kilowatts the photovoltaic system produces. The first five kilowatts produce the biggest rebates, and then it becomes a little lower. It is one of the better overall incentive programs.
Tax exemption on property taxes or solar tax credits are available to those that install a photovoltaic system. That incentive has been in place since 1977. As long as the tax assessor’s office is notified each November, the property tax on a dwelling that has a PV system will be reassessed. This is yet another way to save money.
If renewable energy and saving money sounds good then installing one of these systems on or around one’s home is a great choice. This small state decided to tackle the problems of soaring electricity bills and this is how they set about doing that. Not only is it possible to get the various incentives, rebates, and exemptions, but the system itself can generate more money through net metering. That program allows the resident to sell any generated power that is not used per month for a credit toward their electric bill.