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Connecticut to Vote on New Residential Solar Program

Homeowners in Connecticut will soon have access to a new pool of funds to help them go solar, if the CT Clean Energy Finance and Investment Authority (CEFIA) Board of Directors is feeling the love at their Valentine’s Day meeting.

The new incentive program was authorized in a broader state energy bill passed in July 2011, which established CEFIA as a new quasi-public agency to replace the Connecticut Clean Energy Fund.  The Residential Solar Investment Program builds on the success of Connecticut’s existing solar rebate program, which has been fully subscribed.

As proposed, the new program will feature:
  • An expected performance based buy-down (EPBB) for PV systems purchased outright
  • A performance-based incentive (PBI) for systems that are leased to the homeowner or that the homeowner buys the electricity from under a power purchase agreement (aka third-party-owned systems)
  • Open access of all incentive funds to both systems purchased outright, and third-party owned systems.  This means the money will flow to whichever financing model consumers prefer.
  • A transparent, web-based incentive application and tracking system supported by innovations in metering and monitoring technology
  • A marketing program designed to lower customer acquisition costs for solar contractors
We like CEFIA’s inclusive approach to incentive program planning and think they’ve worked with stakeholders to come up with a pretty smart design.  Now we’ve asked the CEFIA Board to give the green light on Tuesday so Connecticut homeowners can start putting these funds to work!

Read more about the program here. Voice your support to CEFIA with an email.

Doesn’t get much more romantic than that!