Connecticut Residential Solar Program Boost

The Connecticut Clean Energy Fund (CCEF) approved US$2 million for a new residential solar photovoltaic (PV) program to complement its existing commercial solar PV program. By making PV technology more affordable for homeowners, the new funding is expected to significantly boost residential use of solar PV statewide.

Rocky Hill, Connecticut – May 19, 2004 [] “Combining a residential program with a commercial program,” said Arthur Diedrick, chairman of CCEF, “will promote two different markets for solar PV, thereby strengthening the industry within the state and further supporting economic development.” The three-year residential program will provide installers with monetary incentives that will be passed on to their customers in the form of rebates. Participation by installers will be limited to those selected through an RFP process. The program will run on a rolling basis with no specific application deadlines. Awards will be granted on a first-come, first-served basis. The first RFP within the three-year program will make available an initial block of $500,000. A future component will include $200,000 for low-income housing. “The residential program will make renewable energy a reality for numerous families within Connecticut,” said Charles Moret, managing director, investments, CCEF. “It will provide a direct benefit to Connecticut’s residential ratepayers.” Connecticut is joining other neighboring states — Massachusetts, New York, Rhode Island, New Jersey, Pennsylvania — in funding incentives that will reduce the cost of solar PV installations for state residents. The subsidy level of $5 per watt, with a funding cap of $25,000 per residence (up to 5 kilowatts), will likely result in installation of systems across a broad spectrum of Connecticut residents. Projections show that the residential program could result in a minimum of 80 — and as many as 400 — residential installations, depending on the size of the systems installed. Currently in the final phases of developing the program, CCEF will issue a formal request for proposal (RFP) in the near future. Details on the RFP and the residential solar PV program will be forthcoming soon on the CCEF website at the link below. CCEF, an investment fund created in 1998 by the Connecticut General Assembly, promotes the development and use of clean energy to benefit the citizens of Connecticut. Administered by Connecticut Innovations, CCEF is financed by a surcharge on ratepayers’ electric utility bills.