Owning Solar Power in Connecticut
The time to own your power is now, and making the switch to clean, renewable solar power has never been easier. While Connecticut’s solar energy financing options are limited, the incentives put in place by the state’s government and utilities go a long way toward helping residents purchase and own their PV systems.
The Return on a Solar Investment in Connecticut
Like most big-ticket items, purchasing outright is the most cost-effective option in the long run, and a solar PV system is no exception. A standard residential Connecticut solar installation typically pays for itself with electricity savings in 5-8 years and provides free electricity for the rest of its life (easily 25 years or more). Utility rates for electricity are rising at around 7% each year, so the sooner you start generating clean, inexpensive solar power at home, the more you save. Simply put, making an investment in solar is safer, more practical and more productive than almost anything in the stock, bond or money markets.
Of course, coming up with the cash to purchase your solar system is the hard part, especially for large projects. Connecticut’s solar energy rebates and incentives are designed to help offset the cost of a system by providing sales tax exemptions, per-Watt rebates once the system is installed, and even renewable energy loans to help get your system off the ground. It can actually be a lot of fun to hear your solar PV system’s initial estimate and then see how much it comes down when incentives are factored in.
Get started with a free solar consultation today!
