Stratford, CT: (203) 375-5228
Westchester, NY: (914) 215-6062

Serving all of Connecticut and
Westchester County, NY
view map »

Request a FREE Site Consultation

Get Started Today!

Request a FREE Site Consultation.

verification image, type it in the box

Connecticut Commercial Solar & Renewable Energy Incentives

Federal

The Federal government is offering a 30% Business Energy Investment Tax Credit until the end of 2016. They are also offering businesses an accelerated depreciation schedule, allowing you to depreciate the system across six years instead of twenty five. With this is a bonus depreciation of 50% in year one, allowing you to recoup your costs faster.

Database of Incentives/Policies for Renewables & Efficiency- Business Energy Investment Tax Credit

Connecticut

Connecticut has approved a Commercial Property Assessed Clean Energy (C-PACE) program. This is a unique financing program that allows interested property owners to finance qualifying energy efficiency and clean energy improvements on their properties through an additional charge, or "assessment", on their property tax. The PACE lien takes first priority over mortgage-holders, and the repayment obligation transfers automatically to the next property owner if the property is sold.

The State of Connecticut has just passed a bill into law that created a market for Renewable Energy Credits (RECs). The creation of a REC market in Connecticut has made solar extremely attractive to businesses. Systems larger than 100 kilowatts will be awarded REC Contracts through a competitive bid process. The first round of RECs is scheduled to be released during the Second Quarter of 2012. Systems under 100 kilowatts will be awarded on a first come – first served basis and will hold a value of the median of the medium class, plus ten percent.
With RECs and applicable federal tax incentives, businesses will be able to see a simple payback in as little as 3 years!

Connecticut Light & Power- Renewable Energy Credits

New York

The state of New York offers rebates under the New York State Energy Research and Development Authority (NYSERDA). NYSERDA currently offers a rebate of $1.50/watt up to 50 kilowatts for businesses and 25 kilowatts for not-for-profits.

NYSERDA

Database of Incentives/Policies for Renewables & Efficiency