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Connecticut runs out of money for solar

Avatar for Dave Llorens
Published on 01/06/2009 in
Updated 01/06/2009

This might possibly be a good thing. Why? Well, if this story gets some media attention, perhaps other states may cite this as reason to enhance funding levels for renewable energy rebates so as not to fall into the same boat. Let’s hope the Connecticut legislature continues to foster an industry that has added thousands of green jobs in the state. More from RedGreenandBlue.com:

Until now, Connecticut’s solar rebate program was one of the better run and most generous in the United States. Since 2005, more than $85 million has been doled out for 815 residential solar projects and 127 business and government projects. One might argue that the size of Connecticut’s solar rebate fund pales in comparison to the actual demand for solar installs statewide.

The “problem” is that the current funding cycle runs from July 1, 2008, through June 30, 2010, but a 300 percent growth in purchases of residential systems for the second half of 2008 used up the entire $8.5 million. Because the commercial program is likely to exhaust its two-year allotment of more than $18 million this spring, state officials have announced that they are no longer accepting applications for the solar rebate program, despite having originally thought they could accept new applications through January 15th.

Industry groups are concerned that unless money is injected into the program, the momentum built up over its four-year life will be lost, taking a bite out of the dozens of companies and hundreds of jobs it created.

“We don’t want to be in position to put together all this wonderful momentum and then tell them we can’t sustain them: ‘Go away,’” Michael Trahan, executive director of Solar Connecticut told the New York Times “That’s a serious hiccup that will take years to fix.”

But Connecticut’s clean energy fund has not entirely dried up, only the nifty cash-back rebate part of it has. There is still funding available as part of the Connecticut Solar Lease program. Now, I know, leasing is not the same as owning and may not be for everyone. But the no-money-down solar leases can obviously be more economically viable for people who could not otherwise stomach the substantial up-front cost of buying and installing a solar PV system – if there are such people in Connecticut.

Last modified: January 6, 2009

3 thoughts on “Connecticut runs out of money for solar

  1. Avatar for b b says:

    interested in putting solar panels with battery pack up for our 2242 sq ft home. Trying to find grant money to install i home, does anyone have any information.

  2. Avatar for Tom Tom says:

    So far, the Solar Lease Program is a real nice option. I am in the process of installing a 7.5 kw system for my house with zero money down. The system looks to save me money right from the start. The lease will be cheaper than my electric bill and will freeze my costs for 25 years! As far as I’m concerned, it’s a no brainer!

  3. Avatar for beeplus beeplus says:

    If this post interests you, I encourage you to read http://www.renewableenergyworld.com/rea/news/reinsider/story?id=54252

    Good article and the comments are quite good as well. A private company running the state lease program seems odd to me…

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