Connecticut solar power facts
Average cost of a 5kw solar power system in 2016
Price shown before incentives
Average payback time
Average lifetime savings
Price shown after repayments of capital
Levelized cost of solar energy
If you don't get solar
The forecast average utility price over the next 25 years
(per kW of peak DC solar panels)
Cash flow graph based on cash purchase of a 5kw system
Solar companies in Connecticut that provide pricing through the Solar-Estimate marketplace
Solar power in Connecticut
Connecticut continues to be in the top few Solar States in the USA in terms of the attractiveness of a solar installation for your home.
The combination of Net Metering, the FTC, some first class state based incentives and having one of the highest utility power costs in the nation makes solar a great investment for your home in Connecticut.
In addition to the usual incentives Connecticut has some state based initiatives that are very cool for the potential solar power producer.
Estimate your solar savings
Compare solar quotes from the top solar companies in Connecticut
Best brands of solar panels
To find the best brands of solar panels you can use America's most trusterd solar panel comparison and reviews website, SolarReviews.
However, reviews of solar panels can be a bit meaningless because most consumer owners have not had any issues and so whilst solar company reviews are very important when choosing solar installers they are of less use when choosing solar panels.
For more information to help you make an informed decision about this topic, I would recommend this article about buying solar panels.
Compare solar quotes from the top solar companies in Connecticut
How much electricity will solar panels produce in Connecticut
Solar panels produce different amounts of energy in different locations.
Around the Hartford area solar panels installed on a south facing 31 degree pitch roof will typically produce:
1,153 kWh per year per 1kw of peak DC (direct current) capacity
For more information about how your location, roof direction and roof tilt affects solar power production use the solar panels calculator and enter your address below.
What rebates, solar tax credits and other solar incentives are available in Connecticut
What rebates, solar tax credits and other solar incentives are available in Connecticut?
In June 2015 CT Green Bank, a body set up under the Clean Energy Finance and Investment Authority expanded the upfront residential solar rebate program to support up to 300 MW of new solar PV by 2022.
The 300 MW is an effective cap of the total solar PV that the program can support.
The program is set to expire in 2022, or when new solar PV installations reach total capacity of 300 MW.
At the time of writing we are unsure how much of this cap remains.
Only customers of Eversource (Connecticut Light & Power) and United Illuminating are eligible.
There are two incentive types available an upfront rebate if you purchase your solar panels outright or a performance based rebate based on the production of your system over time if you get solar on your house through a third party owned lease or PPA.
Homeowner Performance-based Incentive (HOPB) for solar panel purchases
HOPB program provides upfront incentives for consumers who purchase a solar PV system for their residence directly.
Incentives are tiered, with 1st tier incentive for first 10kW depending on previous 12 month electricity consumption, and 2nd tier incentive rate for systems greater than 10kW.
As of March 2015, systems up to 10 kilowatts (kW) receive a maximum $0.54/W. Systems greater than 10 kW and up to 20 kW receive a $0.40/W rebate.
Systems greater than 20 kW are allowed, but the incentive is only paid on the first 20 kW.
For example, if a homeowner with previous 12 month electric usage 5kW decides to install a 7 kW system, then the homeowner would receive (5kW x 0.540) + (2kW x 0.40) = $3,500 rebate.
Systems with a calculated design factor reater than or equal to 80% will receive the full incentive amount.
Systems with a calculated design factor less than 80% will receive a rebate discounted according to calculated design factor.
Solar Home Residential Energy Credits (SHRECs)
A significant portion of the funding for the expansion of the program to include 300 MW of solar PV will be derived through the sale of Solar Home Renewable Energy Credits (SHRECs).
SHRECs represent the environmental attributes of one megawatt hour of electricity generated through residential solar PV systems that are installed through CT Green Bank on or after January 1st, 2015.
SHRECs created by the residential solar system that participate in the Residential Solar Investment program will automatically be transferred to the Green Bank.
So as a consumer if you want the rebate then you don't get the SHRECs.
The program will provide additional incentive up to 5% for use of major system components manufactured or assembled in CT, and another additional 5% incentive for use of system components manufactured or assembled in a distressed municipality, or a targeted investment community in CT.
The Connecticut Green Bank Program
The Connecticut Green Bank program , The Expected Performance Based -Buydown (EPBB) is a state based solar incentive that is a little complicated.
It's a two tiered system where incentives are calculated based on several criteria that relate to the design of your solar PV system.
At the end of the day this is a complicated system that is only available through licensed installers, they calculate the value and do the paperwork and use the money as an upfront saving on the overall price of the system.
You can find local solar contractors here that can help you understand the way this incentive program works.
Funding for this program is limited and is provided on a first in best dressed basis, so inquire with a local installer today.
Net Metering in Connecticut
Many people don't understand the importance of net metering policy to the residential solar industry.
Solar by its nature generates most power during the middle of the day when most people are at work or school and little power is being used in the home.
Net metering means that for every unit of surplus solar generation generated during the day you effectively get a credit for that kilowatt hour (it's called a NEG (Net Excess Generation) of power purchased from the grid at another time.
Excess kWh (NEG's) are reconciled annually at the avoided cost rate, more info about Connecticut net metering is here.
Regardless of what you want to know about the economics of installing solar panels for your home or business in Connecticut we have a solar calculator that can show you exactly the information your require.
You can either use our full monty solar calculator that shows you everything you could possibly want to know or you can use one of our range of smaller calculators for specific solar calculations that focus on providing you only with the specific information you require.
What you can find out about installing solar panels in Connecticut using our full monty solar calculator
This solar calculator requires you to input your address, utility company, your average monthly power spend - It tells you:
- What size solar system do you need?
Answers the question of How many solar panels do I need?
- How many square feet of roof space you need for solar panels
- Solar electricity production in annual kWh (kilowatt hours) you can expect from your solar system in Connecticut
- The value of solar tax credits and other incentives you are entitled to based on the estimated size of system you need, your location and your utility provider.
- Likely cost based on an average of prices charged for solar systems of that size in the last year in Connecticut or Hartford;
- The likely payback period on your solar panels and your investment return.
- Your total lifetime solar savings based on each of the major solar finance options, a cash purchase, a cash purchase funded with a HELOC sol (home equity line of credit) and a zero down PPA or third party lease product.
If you want to see all of the above but also see live pricing, the three best solar deals available in your city and get binding quotes from each of these solar companies then use this solar panels calculator. This calculator requires you to also input your name and contact details because most of our 200+ installer partners will only authorize the sharing of their live solar pricing where we have validated that you are a real homeowner with a home in their service area. We respect the privacy of your data and only share your contact details with the solar companies you ask us to get binding quotes from.
How much do solar panels cost in Connecticut
$3.10 per watt
Cash purchased solar system
Before 30% solar tax credit
$3.50 per watt
Financed solar system
Before 30% solar tax credit
Av. 15 year term, 2.5% price escalator
What are the pros and cons of buying solar panels for your home in Connecticut
The advantages of installing solar panels in Connecticut is there is both state based incentives and the federal tax credit. In addition Connecticut also has expensive power meaning overall the return on investment for an installation of residential solar panels in CT is one of the the best in the nation.
The disadvantage of installing solar panels for your home in Connecticut is that there is less overall solar irradiation in CT per year and so a solar system, produces less than it would in some other areas. However, the local incentives more than make up for this and I think Connecticut homeowners will be kicking themselves they didn't install solar panels while these generous incentives are around.