As reported by Jan Ellen Spiegel of the New York Times,
Connecticut’s touted solar rebate program, which experts have pointed to as exemplary, may not be so perfect after all. Six months into its current two-year budget cycle, it is nearly out of cash, leaving homeowners, businesses, and nonprofit and governmental organizations that want to buy solar electric systems out of luck.
All that remains is money for residential solar leases, but there’s an income cap, and so far, they haven’t caught on.
This news comes after announced cutbacks in the per-watt rebate available to Connecticut residents and businesses who purchase solar energy systems. The Connecticut Clean Energy Fund may be a victim of its own success, but another main factor is likely also in play: the extension in October of the 30-percent federal investment tax credit (ITC). Citing the increased savings made possible by the ITC extension, Xcel Energy in early November outlined their plans to reduce solar rebates in Colorado, from $2.50 to $1.50 per watt.
For more info and background on shrinking state incentives, check out this previous post.
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