CT Raises Income Limits for its Solar Lease Program

Connecticut, United States [RenewableEnergyWorld.com] The Connecticut Clean Energy Fund (CCEF) this announced that more Connecticut residents will now be able to qualify for financial assistance under the CT Solar Lease Program, which is largely funded by CCEF; the program's income limits were raised after HUD updated its income limits for 2009. Homeowners who earn up to twice the median income for their area are eligible for the program.

The CT Solar Lease uses a combination of rebates and tax credits to help moderate- and low-income residents in the state gain access to solar energy. The program provides solar leases to qualifying homeowners and eliminates upfront costs associated with some solar photovoltaic (PV) systems.

According to the CCEF, more than 340 solar leases have been executed to date (the program was launched in August 2008). The leases will enable the installation over 2.4 megawatts of residential solar PV in Connecticut.

“The CT Solar Lease Program has made solar electricity a reality for me and my family,” said CT Solar Lease Program customer Rick Ciervo of New Britain, CT “For us, the lease payment was equivalent to our monthly electric bill, and the PV system offsets almost 100% of our electricity usage.”

To view the income limits, click here.