Connecticut Solar Incentives
Residential Solar Investment Program
Financial incentive provided by Connecticut Green Bank to lower the cost of leasing or purchasing a solar system.
Property Tax Exemption
The State of Connecticut offers homeowners a property tax exemption for solar systems.
Net metering allows you to store energy your panels produce in the electric grid for use at a later date (for example, excess energy produced in July can be used in December), decreasing your electricity bill and putting money back in your pocket.
Federal Investment Tax Credit
The federal government offers a tax credit that covers 26% of the cost of your solar energy system. This isn’t a write-off or a deduction, but an actual dollar for dollar credit against your income taxes. You can claim all of this in one year and will come back to you in the form of a larger income tax return. It is a very simple form that you or your tax preparer can file called Form 5695.