Residential Solar Investment Program (Connecticut)
(Redirected from CEFIA - Residential Solar Investment Program (Connecticut))
Last modified on February 12, 2015.
Financial Incentive Program
|Name||Residential Solar Investment Program|
|Incentive Type||State Rebate Program|
|Energy Category||Renewable Energy Incentive Programs|
Up to 5 kW: 1.25/watt
|Eligible System Size|| 1 kW to 10 kW
|Start Date|| 2012-03-02
|Funding Source||Clean Energy Finance and Investment Authority (CEFIA)|
|Installation Requirements|| An energy assessment must be completed as step one, and must be installed by a CEFIA Approved Contractor
|Maximum Incentive|| Customer-owned: 10,000
|Program Budget|| $10,000,000
|Program Administrator||Clean Energy Finance and Investment Authority|
|References||DSIREDatabase of State Incentives for Renewables and Efficiency|
In March 2012, the Clean Energy Finance and Investment Authority (CEFIA) unveiled its new solar photovoltaics residential investment program. The ultimate goal of the program is to support 30 megawatts of residential solar photovoltaics (PV). There is $40 million allocated to the program. This residential program is limited to owner-occupied homes. Only customers of Connecticut Light & Power and United Illuminating are eligible.
There are two incentive types available, depending on the ownership of the PV system. For consumers who purchase a solar PV system for their residence directly, systems up to 5 kilowatts (kW) receive a maximum $1.25/W. Systems greater than 5 kW and up to 10 kW receive a $0.75/W rebate. Systems greater than 10 kW are allowed, but the incentive is only paid on the first 10 kW. Systems with a calculated “design factor” greater than or equal to 87% will receive the full incentive amount. Systems with a calculated “design factor” less than 87% will receive a rebate discounted according to calculated design factor.
For consumers who do not purchase a solar PV system directly but enter into a contract with a company that owns/operates the system, there is a performance-based incentive (PBI) available to that third party owner. Currently, it is $0.18 for six years and is paid on actual performance of the PV system. In both cases, there is a bonus for using components manufactured in Connecticut. All systems must be installed with a CEFIA Performance Data Provider approved monitoring system (the cost of this system has been taken into account in designing the incentive levels).
Systems installed in a Solarize Connecticut community will receive different incentives. See program website for more information.
Interested customers are required to have a home energy audit first then select a contractor from a CEFIA approved list. The contractor is responsible for completing all the paperwork and application materials, which are all completed online. Additional details are available on the web site.
|Contact Name||Solar Incentives Information|
|Department||Clean Energy Finance and Investment Authority|
|Address||865 Brook Street|
|Place||Rocky Hill, Connecticut|
|Phone|| (860) 563-0015
- Incentive and policy data are reviewed and approved by the N.C. Solar Center's DSIRE project staff.
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