in News Departments > Policy Watch
print the content item

comments: 0

Connecticut Gov. M. Jodi Rell recently announced the state's Solar Lease Program, whereby the Connecticut Clean Energy Fund (CCEF) provides a combination of rebates and tax credits to lower the cost of leasing solar systems.

Administrator AFC First Financial Corp. has completed the paperwork for what will be the first residential solar lease under the program. The 5.88 kW system, being installed on a home in Simsbury, Conn., by Solar Works Inc., is the first of an anticipated 1,000 residential solar photovoltaic systems to be put in service under the program in the next three years.

Homeowners with qualifying credit and whose household income is less than or equal to 150% of the median income in their area are eligible for the program. This is the first time a ratepayer-funded organization such as the CCEF has partnered with financial institutions to leverage federal tax credits in order to make renewable energy more affordable. CCEF is investing $38.6 million in the program.

CT Solar Leasing LLC will finance the purchase and installation of the systems. By owning these systems, CT Solar Leasing can take advantage of federal business tax incentives presently unavailable to consumers. With the CCEF's Solar PV Rebate Program and the federal tax incentives, there is no need for a down payment.

SOURCE: AFC First Financial


Solar Careers
Latest Top Stories

Are Solar Shingles Coming To A Rooftop Near You?

Despite the initial hype, the new technology has been slow to make inroads against conventional rooftop solar.


Solar Cell Production Line Upgrades Driving Higher PV Performance

Manufacturers of multicrystalline solar cells are seeking to improve performance by implementing new technologies on existing lines.


Own Or Lease? Think Of Rooftop Solar As A Car That Makes Money

While upfront cost is often the first issue on the prospective solar customer's mind, it should not be the only one.


Minnesota PUC Passes On Value Of Solar, But Likely Not For Long

On Aug. 7, the Minnesota Public Utilities Commission (PUC) accepted Xcel's proposal to put off a value of solar tariff for its community solar garden program for now. But experts expect a rapid return.


States Dangle Property Tax Abatements To Draw New Solar Customers

Tax abatement programs offer states an incentive option for property owners to install solar systems.

S&C Electric_id1352
WIP_id1320
PVcobra_id1394