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State Solar Policy Initiatives: Connecticut Solar Lease Program
| September 19, 2008 | ||
| 1:00 pm | to | 2:30 pm |
PV Peer Network Conference Call. Friday, September 19, 2008 at 1 pm EDT.
The Connecticut Solar Lease Program, the first of its kind in the nation, is a new initiative designed to eliminate the high initial costs associated with the purchase and installation of residential solar photovoltaic (PV) systems. Through the Connecticut Clean Energy Fund (CCEF), a combination of rebates and tax credits can be used to lower the cost of leasing solar systems, helping more residents obtain clean, renewable solar energy.
This is the first time a ratepayer-funded organization such as CCEF has partnered with financial institutions to leverage federal tax credits in order to make renewable energy more affordable. CCEF is investing $38.6 million and hopes to help approximately 1,000 homeowners in the next three years.
Residents with qualifying credit and whose household income is less than or equal to 150 percent of the median income in their area are eligible for the program. A Hartford family of four with a total household income of less than $121,000, for example, would qualify for a complete solar photovoltaic system with no down payment required.
"This program is the latest initiative by CCEF to make clean, renewable energy accessible to Connecticut’s families," said CCEF President Lise Dondy. "By combining CCEF’s solar rebate program with the financial power of leasing, we have created an affordable way for Connecticut homeowners to adopt solar energy without the high upfront cost."
This call will be 1.5 hours long and will feature a presentation by the Connecticut Clean Energy Fund. A reminder and agenda will be sent a week before the conference call to the States Advancing Solar listserve, and materials will be posted on the States Advancing Solar website at: http://www.statesadvancingsolar.org/state-activities/pv-peer-network