Connecticut’s Future is Brighter with Solar Incentives
Despite its small size, Connecticut is ready to make big strides in solar. Thanks to its rebate program and other state incentives, Connecticut continues to pave the way for more and more of its millions of homeowners to go solar. Not only can we help you make sense of Connecticut’s solar incentives, we’ll help you take advantage of them so that you go solar hassle-free.
Connecticut Solar Incentives, Rebates, & Tax Credits
|Solar Savings Types
||Value of Savings
|Residential Solar Investment Program
||Up to $0.46 per watt (depending on system size) 1
|Sales Tax Exemptions
||Solar System Sales Tax Exemption 2
|Property Tax Exemptions
||Property Tax Exemption on Added Home Value from Solar System 3
|Federal Solar Tax Credit (ITC)
||30% of the total system cost 4
**Customer’s ability to monetize rebates, incentives and tax credits depends on several factors, including, without limitation, continued state subsidization of these policies, the applicable Sunrun product type, and whether a customer purchases or leases a solar system from Sunrun.
Residential Solar Investment Programs
Thanks to Green Bank’s generous Residential Solar Investment Programs,1 Connecticut makes sure that households are rewarded for going solar.
Available to households that buy a solar system, the Expected Performance-Based Buydown incentive (EPBB), gives solar system owners an upfront rebate through Green Bank once the solar installation is completed.
Want predictable savings? The Green Bank’s Performance-Based Incentive (PBI) allows households to go solar with little to no upfront cost. Through solar leases like Sunrun BrightSave, you can reduce the monthly cost of your sylar system based on its performance.
Sunrun also participates in Green Bank’s Low-to-Moderate (LMI) PBI2 incentive program, which allows households making 100% of the area’s median income or lower to take advantage of the benefits of solar. Because when we say solar for all, we mean it.
Net metering3 is one of the best state incentives available for solar system owners in Connecticut, giving you even more ways to save by the sun.
It’s pretty simple: if your solar system produces more energy than you need, you’ll receive credits on your utility bill so that you can use when you need to use energy from the grid (for instance nighttime or on particularly cloudy days). Basically, you can “save” your solar energy for when you need it most. Plus, unlike other residential solar companies, we won’t charge you if your solar panels overproduce.
Sales and Property Tax Exemptions
If you purchase a home solar system in Connecticut, you’ll also be exempt from the sales tax.4 That’s a pretty big deal, considering buying your solar system outright comes with a hefty price tag. You’ll also be exempt from paying additional property taxes, so that the value added to your home when you go solar is subtracted from the assessed value of your property.5
Federal Investment Tax Credit
On top of all Connecticut’s solar tax credits, you’d also be eligible for the Federal Solar Tax Credit,6 or ITC, if you buy your own solar system outright.* The tax credit amounts to 30% of the cost of purchasing your solar system, but only after deducting the value of your state rebates. However, ITC credits will begin stepping down from 30% at the end of 2019. The tax credit for systems in service after 12/31/19 will drop to 26%. After 12/31/20, it’ll drop even further to 22%. That’s why the time to go solar is now. But not to worry—we can help you maximize on all the solar savings available to you.
Own Your System and Your Savings
Our BrightBuy™ and BrightAdvantage™ plans give you the chance to buy your own solar system outright or through a hassle-free loan. We’ll create a customized agreement based on your individual needs. You’ll also get a free, custom solar design that meets the unique needs of your home and lifestyle.
Want all the perks of solar without the hassle? Our BrightSave plans pass down Connecticut’s solar savings in the form of a lower electricity bill. We also take care of the system’s maintenance and repairs so never have to lift a finger.
Take advantage of the Connecticut solar incentives available. See why other customers have chosen to go solar with Sunrun. Want to see how much you could save? Get your free quote today.