Connecticut Solar Power Facts in 2024

Are you considering switching to solar energy in Connecticut? With the state’s abundant sun exposure and the availability of federal tax credits, now is the perfect time to make the switch to solar power. Learn about the benefits of solar panels in CT, including lower energy costs, energy independence, and a reduced carbon footprint. Get started on your journey to a greener future today!

Connecticut Solar Energy Data

Connecticut is ranked 22nd in the United States in terms of solar energy installed, with 1,161 MW of solar capacity. The state has the potential to provide power to over 169,000 homes with its existing solar infrastructure. Approximately 3.2% of the state’s electricity comes from solar power, with 159 solar companies operating in Connecticut, including 29 manufacturers, 40 installers, and nine others. The solar industry in Connecticut has provided over 2,270 jobs, making it an important contributor to the state’s economy.

The total solar investment in Connecticut has amounted to $2.8 billion. The cost of installing a 5kW solar system in Connecticut ranges from $13,550 to $18,340. The net 20-year savings from installing a solar system in Connecticut is estimated to be $42,200, with a payback period of 8.7 years. A 5kW system in Connecticut can offset electricity bills by 70% or more.

Connecticut has installed 72 solar systems to date. With the increasing popularity of solar energy in the state, there is a growing need for more solar infrastructure. Connecticut’s investment in solar energy has helped the state reduce its carbon footprint and dependence on traditional energy sources, leading to a cleaner and more sustainable energy future for its residents. As the solar industry in Connecticut continues to grow, it is expected to create more jobs and contribute further to the state’s economy.

Source: SEIA Connecticut

Notable Solar Installations in Connecticut 

Connecticut has made a significant investment in solar energy in recent years, leading to a number of notable solar installations throughout the state. These installations range from large-scale projects developed by companies such as NextEra and D.E. Shaw Renewable Investments to corporate projects undertaken by retailers such as Walmart, Target, and Macy’s. These installations have made a positive impact on the environment and have helped to establish Connecticut as a leader in the field of solar energy. Here is a list of some of the most notable solar installations in the state: 

1. Quinebaug Solar in Canterbury: Developed by NextEra and coming online in 2021, this 63.4 MW project produces enough electricity to power 10,000 homes.
2. Terrasmart has completed Connecticut’s largest utility-solar plant, located in Canterbury. The 66.5 MWAC fixed-tilt system was installed 75% faster than the industry average and has the capacity to power approximately 11,000 homes.
3. Walmart, Target, and Macy’s: These companies have all gone solar in Connecticut. Macy’s 782 kW project in Meriden is one of the largest corporate projects in the state.
4. Fusion Solar Center in Baltic: At 31.2 MW, this is among the largest solar installations in Connecticut. Completed by D.E. Shaw Renewable Investments (DESRI) in 2018, it has enough electric capacity to power more than 4,900 homes.

Average Cost of Solar Energy Systems in Connecticut

If you’re a resident of Connecticut, you’re in luck! The average cost for a residential solar system in your state is $11,991 after claiming the 30% federal solar tax credit, which is equivalent to $2.86 per watt. This cost, however, may vary depending on your location within the state. Furthermore, by comparing solar quotes on ElectricRate’s competitive marketplace, you may even be able to find prices that are up to 20% lower than working with a single company.

Do you want to save on your energy bill? By going solar, you can save an average of $2,463.60 per year! With the average electricity bill in Connecticut being $205.63 per month and rates have risen by 28% since 2021, switching to solar can provide a significant reduction in your monthly expenses. In addition to this, the average solar bill in the US is only $77.70 per month and is not expected to increase, ensuring that your savings will last for the long term.

Are you looking for a good investment with a quick payback period? Investing in solar panels in Connecticut will have a payback period of 7-9 years. This means that within just a few years, you’ll start seeing a return on your investment and be able to enjoy lower energy bills for the remainder of the panels’ lifetime. Moreover, solar panels have fallen in price by over 80% in the past decade and are still subsidized by the 30% federal tax credit and net metering law, making them an excellent investment opportunity.

Factors Affecting the Cost of Solar Panels in Connecticut

The cost of solar panels in Connecticut is influenced by several factors, including system size, panel brand and quality, panel type, home roof, installation company, and permits and interconnection fees. The size of the system is one of the most significant determinants of the cost of solar panels as larger systems will require more panels and other equipment, thus increasing the overall cost. The brand and quality of the panels are also important, as high-quality panels will cost more. 

System size

The size of a solar system is a crucial factor in determining the price of a solar installation. Larger homes will have higher energy usage and will therefore need more panels to meet their energy needs. As a result, larger solar systems will cost more than smaller systems. In Connecticut, the price of a solar installation depends on the number of solar panels needed to meet the energy needs of a home. 

The worth of solar panels in Connecticut can vary based on the brand, size, and efficiency of the panels. Rooftop solar panels are the most common type of panels installed in the state, and they can range in size from a few panels to several dozen panels. The cost of a solar system will depend on how much energy the system generates. The more energy the system generates, the higher the cost of the installation. The solar system size is a critical factor in determining the overall cost of solar installation and should be carefully considered when planning for a solar project.

Panel brand and quality

The brand and quality of solar panels can also affect the cost of a solar installation. More expensive panels may have a higher efficiency rate, meaning they can generate more energy with the same amount of light compared to lower-quality panels. This can result in a faster payback period, as you will be generating more energy to offset your electric bill. While the initial cost may be higher, the long-term benefits can make up for it. For example, high-quality solar panels may last longer and require less maintenance, reducing long-term costs.

It’s important to consider the quality and brand of panels when making the decision to install solar panels in Connecticut. With various Connecticut solar incentives available, including the Federal Solar Investment Tax Credit, it’s possible to offset the cost of a solar system and take advantage of the benefits of solar power. Whether you choose to install rooftop solar panels or opt for a larger ground-mounted system, the brand and quality of your panels can have a significant impact on the overall value of your solar installation.

Panel Type

Solar panel type is an important factor to consider when choosing a solar system for your home. There are two main types of solar panels: monocrystalline and polycrystalline. Monocrystalline solar panels are more expensive than polycrystalline panels, but they also have a higher efficiency rate. This means that they are able to produce more energy with less surface area, making them a more efficient choice for homes with limited rooftop space. However, because of their high efficiency, they can also pay off faster and will last longer than polycrystalline panels.

Polycrystalline solar panels, on the other hand, are less expensive but also less efficient than monocrystalline panels. They are still a good choice for homeowners who are looking to save money on their electric bill, but who also want to minimize their carbon footprint. Connecticut residents who buy solar panels may also be eligible for Connecticut solar incentives, which can help offset the cost of purchasing and installing a solar system.

Another type of solar panel that is gaining popularity is the agro-voltaic solar system. These systems are designed specifically for use on farmland, and they allow farmers to generate solar power while also using their land for agriculture. By using agro-voltaic solar systems, farmers can reduce their carbon footprint, save money on their electric bill, and improve their overall sustainability. Connecticut solar installers can provide more information on this type of solar system, and how it can be used to take advantage of Connecticut solar incentives.

Home Roof

The roof of a home is an important factor to consider when installing solar panels. Before installing solar panels, it is important to inspect the roof to make sure it is in good condition and able to support the weight of the panels. If the roof needs additional structural support or needs to be redone, this can increase the overall cost of the solar installation. It is important to work with experienced solar installers who can assess the roof and determine if any repairs or upgrades are needed. 

This is especially important in Connecticut, where homeowners are looking to take advantage of the state’s generous solar incentives and reduce their carbon footprint by generating their own clean, renewable energy. Before investing in a solar system, it is important to carefully consider the cost of any necessary roof repairs or upgrades, so that you can make an informed decision about whether or not solar is right for you.

Installation Company

When it comes to solar installations, it’s important to be mindful of the company you choose for the job. Some solar installers may overcharge for their services, so it’s essential to do your research and compare different solar installers to get the best value. The use of a solar calculator can help you estimate the cost of the solar panels and the installation, taking into consideration the size of your home and your energy usage.

When searching for the best solar installers, it’s always a good idea to avoid the cheapest option. Oftentimes, the cheapest installer will compromise the quality of work, which can lead to subpar results and a lower return on investment. Instead, consider purchasing your own solar panels and then finding a more experienced and trusted installer. This way, you can ensure that your solar panels work as intended and that the solar power system installed in your Connecticut home is of the highest quality.

Permits & Interconnection Fee

The cost of obtaining permits and the interconnection fee are commonly referred to as “soft costs.” These fees must be paid in order to install a solar panel system and connect it to the electric grid. The cost of these permits and fees can vary greatly depending on the local regulations and requirements, but they can contribute significantly to the overall cost of a solar installation. It is important to factor in these costs when considering the installation of solar panels in Connecticut.

Solar installers can help guide you through the process and determine the best approach for your particular situation. Additionally, utilizing the services of a reputable solar installer and taking advantage of Connecticut’s solar incentives and federal tax credits can help offset some of the costs associated with permits and interconnection fees.

Investing in a solar panel system can provide numerous benefits, including reducing your carbon footprint and lowering your electric bill. With so many different solar options available, from solar panels to solar battery storage, it is important to choose the solution that works best for your home or business and provides the most money-saving benefits.

Remember, solar panels are a significant investment, and it’s crucial to choose the best option for you. Not only will you want to make sure that the panels are installed properly, but you’ll also want to take advantage of the state incentives and federal tax credits available to help reduce the overall cost of your solar system. By working with the right installer and considering factors like the size of your home, your energy usage, and the cost of the panels and installation, you can make sure that you get the best value for your investment in solar power in Connecticut.

Benefits of Switching to Solar Energy

Switching to solar energy has numerous benefits for Connecticut homeowners. One of the biggest benefits is lower energy costs. Solar panels and systems, combined with a solar battery storage system, can reduce or even eliminate monthly energy bills. This not only saves money but also provides energy independence, which is especially important during power outages. 

Another benefit of solar energy is that it is a clean source of energy that produces no harmful emissions and reduces one’s carbon footprint. These benefits, along with the various Connecticut solar incentives, make switching to solar energy a smart choice for homeowners looking to save money and help the environment.

Lower Energy Costs

Switching to solar energy has a number of financial benefits, including lower energy costs. By using a solar panel system, Connecticut homeowners can save money by reducing their monthly electricity costs. A solar panel system can significantly reduce a household’s monthly electricity bill, with the national average savings being around $50 per month. This savings can add up over time, potentially providing thousands of dollars in savings over the life of the solar panel system.

Furthermore, as the cost of traditional electricity continues to rise, the savings from residential solar will only increase, making it a smart investment for the long term. Whether it’s through a cash payment or through other financing options, the investment in solar energy can help to save money and provide a more secure and sustainable source of electricity.

Energy Independence

Owning a solar system means you have the ability to generate your own electricity and reduce your dependence on traditional energy sources. With solar panels’ cost dropping per watt and with the addition of federal and state tax exemptions, investing in solar systems is becoming a more viable option for Connecticut residents. By installing solar panels, you can take control of your energy usage and reduce your dependence on the electric grid. This independence allows you to save money, reduce your carbon footprint, and contribute to the transition towards a more sustainable energy future.

Clean Energy

Switching to solar energy also offers the benefit of clean energy. By using solar panels, Connecticut homeowners can significantly reduce their carbon footprint. This not only helps the environment but also contributes to the United States’ efforts in reaching its climate targets. Solar panels can be used to generate the power needed to run an electric vehicle, further reducing the carbon footprint. 

Solar energy is a clean, renewable resource that doesn’t produce harmful emissions or pollutants, making it a smart choice for homeowners looking to reduce their impact on the environment. By investing in solar systems, Connecticut residents can help create a more sustainable future for themselves and for generations to come.

Connecticut Solar Incentives, Rebates, and Tax Credits

Connecticut has been consistently recognized for its strong policies and incentives for solar energy, and for having high numbers of solar installations per year. By taking advantage of the state’s 20-year solar net energy metering program, homeowners can see great financial benefits from installing solar panels. Additionally, Connecticut has a program that provides solar access to low and moderate income households.

Federal Solar Tax Credit

One of the key reasons why Connecticut is a great choice for solar power is the Federal Solar Investment Tax Credit (ITC). The ITC has been postponed until 2032 and offers a significant tax credit for homeowners who install solar systems. The federal tax credit is 30% of the cost of your solar panel system, which includes equipment, labor, and permitting. This means that if your solar energy system costs $20,000, your federal solar tax credit would be $6,000 ($20,000 x 30%). From 2033 onwards, the federal tax credit will decrease to 26%. Solar incentives like the ITC make it a great time to go solar in Connecticut, so don’t miss out on this opportunity to save on your energy bills and reduce your carbon footprint.

Net Metering

Solar metering in Connecticut is a way for homeowners to get credit for the excess energy produced by their solar panel systems. This process is called “net metering.” With net metering, your utility company is required to track the amount of solar power your panels produce and send them back into the electric grid. They then credit you for this energy, usually on a kilowatt-hour basis, and reflect it as a credit on your next bill. 

This is a great benefit for solar panel owners in Connecticut as they can effectively get free solar panels and reap the financial benefits of their investment. The net-metering policy in Connecticut has been extended through 2021 and those who install solar panels now can have their net-metering locked in until 2041. This means that for the next 20 years, homeowners who go solar can take advantage of this policy and receive full retail rate credit for the energy their panels produce.

Solar Rebates

Solar rebates are financial incentives offered by governments or utility companies to encourage the installation of solar panel systems in homes and businesses. The rebates vary depending on the system size and the amount of excess energy generated through power generation from the sun. The goal of these rebates is to promote the adoption of solar power and increase the amount of clean energy produced. 

In Connecticut, there are various solar rebates available to residents who install solar panels in their homes, which can greatly reduce the upfront cost of installing a solar system. For example, there may be a rebate based on the kilowatt-hours of electricity generated by the solar panels, or a rebate based on the size of the system installed. These rebates can significantly increase the return on investment for homeowners who invest in solar, making it a more financially attractive option for those interested in harnessing the power of the sun.

Sales & Property Tax Exemptions

In Connecticut, the sales tax rate is currently 6.35%. This tax applies to most goods and services sold within the state, including solar panel systems and other renewable energy solutions. However, there are certain exemptions available for certain solar installations, which can provide substantial savings for Connecticut residents looking to invest in sun power. Through a combination of tax exemptions and rebates, the state is working to encourage the growth of the solar industry and encourage residents to adopt sustainable, renewable energy solutions.

Solar Sales & Property Tax Exemptions are another great incentive for Connecticut residents who are considering installing solar panels. A tax exemption means that homeowners will not have to pay sales tax on their solar panel installations, which can amount to significant savings. Similarly, property tax exemptions are available for homeowners who install solar panels, as well. These exemptions provide a reduction in the property taxes that homeowners must pay, based on the value of the solar panels installed. 

Low Income Solar Program

The Low Income Solar Program is designed to help Connecticut residents who are struggling to afford the cost of solar panel systems and solar batteries. This program provides assistance to families who may not be able to take advantage of the solar incentives, federal tax credits, and rebates that are available to other residents. The program helps lower-income households save money on their energy bills by providing them with access to solar power. 

The amount of energy that the system generates will vary based on the size of the solar panels installed and the amount of solar power that is available. By using solar power, families can reduce their reliance on the electric grid and potentially save hundreds of dollars each year on their energy bills. The Low Income Solar Program is an important initiative aimed at helping families in Connecticut to access renewable energy solutions, regardless of their financial circumstances.

Is it Worth it to Buy Solar Panels in Connecticut?

Investing in solar panels in Connecticut is not only a financially wise decision, it is also a step towards a more sustainable future. By reducing carbon dioxide emissions and taking advantage of federal tax incentives, you not only save money on your energy bills, but you also play a part in helping to save the environment. The installation of solar panels can also help the state reach its goals for clean energy production. Ultimately, the investment in solar power is one that is well worth it for Connecticut residents who are looking to reduce their carbon footprint and support the growth of renewable energy solutions.

Top Solar Companies in Connecticut

There are dozens of solar companies working in CT. Comparing all of them would be a pain in the neck, so we decided to do it for you. Here is a short list of 10 of the best ones: 

Green Power Energy 

You can count on Green Power Energy to provide comprehensive solar services, including consultation, design, installation, and maintenance. They offer residential and commercial solar solutions and work in multiple states in the US.

Premier Improvements Solar 

You can trust Premier Improvements Solar to help you switch to clean energy and reduce your carbon footprint. They provide solar panel installation services for residential and commercial properties and operate in several states.

Savkat Solar 

Savkat Solar is dedicated to providing you with the highest quality solar panel systems. They offer a variety of services, including consultation, design, installation, and maintenance, for both residential and commercial properties.

Venture Solar 

Venture Solar is a full-service solar provider, offering consultation, design, installation, and maintenance services for residential and commercial properties. They work in several states across the US.

PurePoint Energy 

PurePoint Energy is a leading provider of solar energy solutions. They offer a wide range of services, including consultation, design, installation, and maintenance, for residential and commercial properties.

Sun Energy Systems

Sun Energy Systems provides you with the latest solar technology and expert installation. They offer residential and commercial solar solutions and operate in multiple states in the US.

Eclipse Energy LLC 

Eclipse Energy LLC is dedicated to helping you transition to clean energy. They offer consultation, design, installation, and maintenance services for residential and commercial properties.

EcoSmart Home Services

EcoSmart Home Services is committed to providing you with the highest quality solar panel systems. They offer a full range of services, including consultation, design, installation, and maintenance, for residential and commercial properties.

Aegis Solar Energy

Aegis Solar Energy is a full-service solar provider, offering consultation, design, installation, and maintenance services for residential and commercial properties. They operate in several states across the US.

Con Edison Solutions

Con Edison Solutions is a leading provider of energy solutions, including solar energy. They offer a wide range of services, including consultation, design, installation, and maintenance, for residential and commercial properties.

FAQs

Conclusion

The decision to switch to solar power in Connecticut is a worthwhile investment for homeowners who are looking to reduce their carbon footprint and save on their energy costs. With the help of federal tax credits and various state incentives, the cost of installing solar panels in Connecticut can be significantly reduced. With its strong sunlight hours, the state is well-suited for solar power generation, making it a prime location for homeowners to take advantage of these benefits. With the ever-growing concern for the environment and the need for clean energy solutions, it is clear that investing in Connecticut solar panels is a smart decision that will pay off in the long run.

Updated on 06-05-23