Solar power in Connecticut establishes Connecticut as the second state in the US to reach grid parity, after Hawaii, due to the high average cost of electricity.[1] Installing solar panels for a home provides an estimated 15.6% return on investment.[2]
CT Solar Lease was a program to install solar panels at no upfront cost, and a fixed lease price for 15 years, with an option to extend the lease for 5 years at a reduced cost. CT Solar Lease owns and sells the RECs generated by the system, but turns over all but $15/REC plus 100% of the sale over $30 or 50% of the sale of the REC up to $30/REC to the homeowner in a Solar Dividends account for maintenance and to allow the purchase of the system at the end of the lease. RECs have been selling for from $18 to $24 each. Applications ended on August 19, 2011.[3]
- ^ Exhibit 3 Archived 2012-04-17 at the Wayback Machine
- ^ "Guide to Connecticut incentives & tax credits in 2023". www.solarreviews.com. Retrieved 2023-04-06.
- ^ "Residential Renewable Energy Solutions Program". CT.gov - Connecticut's Official State Website. Retrieved 2023-04-06.
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