Federal Solar Incentive Tax Credit
A 26% tax credit for solar systems installed on residential and commercial properties (lowering to 22% in 2023)
Homeowners can apply this credit to their federal income taxes
This provides a dollar-for-dollar credit for a portion of the cost of the solar system
Solar projects must have commenced construction by the time the tax credit is claimed
This tax credit has helped to grow residential and commercial solar use by over 10,000% since 2006
Connecticut Sales and Use Tax Exemption for Solar and Geothermal Systems
Sales tax is waived on solar systems purchased in CT
Connecticut Property Tax Exemption for Renewable Energy Systems
100% property exemption of a renewable energy system for Commercial, Industrial, Residential, Agricultural, Multifamily Residential properties
The Residential Solar Investment Program
1-4 family owner-occupied residential property in the Eversource or UI service territories are eligible
The Expected Performance-Based Buydown
Cost reduction based on design factors of the residential PV system
Performance-Based Incentive
Homeowners can lease a solar system through this program
Upfront costs are reduced for the homeowner
Incentive is paid to the solar system owner over the course of the six year lease period based on the solar system's productivity
Smart-E Loans
No money down, low-interest financing for residential energy efficiency improvements, including installing a solar system