Benefits of Going Solar:
Reduced Energy Costs: By generating your own electricity from solar panels, you can significantly reduce your energy costs and save money on your monthly utility bills.
Environmental Benefits: Solar energy is a clean and renewable energy source that produces no harmful emissions, reducing your carbon footprint and helping to combat climate change.
Increased Property Value: Installing solar panels on your home can increase its overall value, making it more attractive to potential buyers.
Energy Independence: By generating your own electricity, you become less reliant on traditional utility companies and more self-sufficient.
Tax Credits and Rebates: Connecticut offers several incentives and rebates to help offset the upfront costs of installing a solar panel system, making it more affordable for homeowners.
Top Utilities Net Metering Policies in Connecticut:
Eversource Energy: Eversource Energy offers net metering to customers who install solar panels up to 20 kW in size. Any excess electricity produced by the solar panels is credited to the customer's account at the retail rate.
United Illuminating: United Illuminating offers net metering to customers who install solar panels up to 20 kW in size. Any excess electricity produced by the solar panels is credited to the customer's account at the retail rate.
Connecticut Municipal Electric Energy Cooperative (CMEEC): CMEEC offers net metering to customers who install solar panels up to 2 MW in size. Any excess electricity produced by the solar panels is credited to the customer's account at the wholesale rate.
Similar to other states, the availability of net metering policies may vary by utility company and there may be certain restrictions or requirements for eligibility. However, overall, net metering policies in Connecticut make it possible for homeowners to generate their own electricity from solar panels and receive credit for any excess electricity they produce. Additionally, Connecticut offers several incentives and rebates to help make solar panel installations more affordable for homeowners, including the federal solar tax credit, the Connecticut Green Bank's Smart-E Loan program, and local rebates and incentives offered by utility companies.
Connecticut offers several rebates and incentives to encourage homeowners to go solar, including:
Federal Tax Credit: Homeowners who install solar panels can claim a federal tax credit of 30% of the total cost of the installation. This credit applies to both residential and commercial installations.
Connecticut Green Bank's Smart-E Loan Program: The Smart-E Loan program provides low-interest financing for Connecticut residents looking to finance energy efficiency and renewable energy improvements to their homes, including solar panel installations.
Property Tax Exemption: Connecticut law allows homeowners who install solar panels to exempt the added value of the solar panels from their property taxes for up to 20 years.
Solar Rebate Programs: Some utility companies in Connecticut offer rebate programs to homeowners who install solar panel systems. For example, Eversource Energy offers a Solar Incentive Program that provides incentives for homeowners who install solar panels.
Solarize Connecticut: Solarize Connecticut is a program that helps homeowners save money on solar panel installations by offering group discounts to homeowners in participating towns and cities.