Connecticut Green Bank offers incentive to help you go solar:
Purchase a solar system for your home
The Expected Performance Based-Buydown (EPBB) incentive provides you with an upfront cost reduction based on major design characteristics of your system, such as panel type, installation tilt, shading, orientation and solar insolation (a measure of solar radiation energy on a given area). The incentive is paid directly to your Eligible Contractor, on behalf of the homeowner.
Incentives are tiered, with the first tier at up to 10 kilowatts (kW) for utility consumption equaling the last 12 months of electricity usage determined from utility bills. The second tier starts from the previous 12-month utility consumption up to 20 kW. Connecticut Green Bank does not provide incentives for any portion of a system that exceeds 20 kW.
Your incentive is calculated with the following maximum rates per watt:
- Up to 10 kW (depending on previous 12 month utility electricity consumption): $0.540/watt
- Greater than previous 12 month utility electricity consumption up to 20 kW: $0.40/watt,click here for a sample calculation.
Systems with a calculated “design factor” greater than or equal to 80% will receive the full incentive amount. Systems with a calculated “design factor” less than 80% will receive an incentive discounted according to calculated design factor. Please contact an Eligible Contractor for more information regarding design factor calculations. Qualify for a five percent bonus if your system includes major components principally manufactured in Connecticut, with an additional bonus if they are principally manufactured in a Connecticut distressed municipality.