Residential Solar Incentives

The Expected Performance-Based Buydown (EPBB) incentive (i.e. rebate) is available to consumers who purchase a solar PV system.  It provides a lump-sum payment (rebate) based upon major design characteristics of the system, such as panel type, installation tilt, shading, orientation and solar insolation (a measure of solar radiation energy on a given area).  The EPBB (i.e. rebate) model provides one level of incentives for the first 5 kilowatts (kW) and a lower level for the second 5 kW (or portion thereof). CEFIA does not provide incentives for any portion of a system that is greater than 10 kW.  Furthermore, there is a 5% bonus for projects that use major system components principally manufactured in Connecticut.  An additional bonus is available if these components are principally manufactured in a Connecticut distressed municipality.

 

Program currently in Step 2 

 Step

EPBB Incentive ≤5 kW
($/W)

EPBB Incentive >5 kW and ≤10 kW
($/W)

1

$2.45

$1.25

2

$2.275

$1.075

 

 

The Performance-Based Incentive (PBI) is a leasing model is designed to allow consumers access to solar PV systems for no or limited upfront costs.  Under this model, a third party owns the system and enters into a contract with the site owner.  The PBI is paid based on actual performance over the course of 6 years.  The PBI model also provides an additional bonus for projects that use major system components principally manufactured in Connecticut.

 

 Program currently in Step 2

Step

PBI Incentive ≤10 kW

1

$0.300

2

$0.300

 

 

 

Residential Solar Investment Program Status

 

Click here to downoad the Residential Solar Investment Program
Weekly Market Watch Report - Updated June 18, 2012.