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 3

Step	EPBB Incentive ≤5 kW ($/W)	EPBB Incentive >5 kW and ≤10 kW ($/W)
1	$2.45	$1.25
2	$2.275	$1.075
3	$1.75	$0.55

 

Modifications to the Residential Solar Investment Progam effective January 4, 2013:

1. Rebate (EPBB) incentive payment schedule:
      a. 70% of incentive paid upon delivery of installation materials at job site; and,
      b. 30% once the installation is complete and has passed all inspections.
2. Installations with a Design Factor (Azimuth, Tilt and Shading) that meet or exceed  87% will receive the full incentive rate (EPBB or Performance Based Incentive (PBI)); installations that have a Design Factor less than 87% will receive an incentive reduced in proportion to the Design Factor percentage.
3. A HES or equivalent energy efficiency audit must be completed and submitted to CEFIA prior to remittance of the final incentive payment for EPBB installations, or beginning PBI payments for Purchase Power Agreement and Lease installations.
4. Incentives for all installations will be capped at the lesser of the calculated incentive or 35% of total installation cost.

 

The Performance-Based Incentive (PBI) is designed to allow homeowners to benefit from solar PV systems for little to no upfront cost. Under this model, an Eligible Third-Party PV System Owner owns the system and enters into a contract with the homeowner. The PBI is paid to the System Owner based on actual performance over the course of 6 years, and is used to reduce the homeowner’s monthly cost. The PBI model also provides an additional bonus for projects that use major system components principally manufactured in Connecticut.

 

 Program currently in Step 3

Step	PBI Incentive ≤10 kW
1	$0.300 / kWh
2	$0.300 / kWh
3	$0.225 / kWh

 

 

 

Residential Solar Investment Program Status

 

 

Detailed Program Data - Click for Residential Solar Investment Program, Installations and Costs in MS Excel format

 

The above Residential Solar Investment Program Detailed Program Data requires Microsoft Excel to view, sort and print the information. If you do not have Microsoft Excel installed, click here to install the free MS Excel Viewer.

 

 

 

 

 

Click here to download the Residential Solar Investment Program
Weekly Market Watch Report - Updated May 10, 2013.