4 that s why sunrun pioneered residential solar financing to give households the chance to go solar without the high system cost.
Ct solar panel lease.
The main practical distinction between buying and leasing a solar pv system is in ownership.
Purchase a solar system for your home.
Officially known as the residential solar investment program and administered by the connecticut green bank this rebate is worth 0 463 per watt of solar installed up to 10kw.
Buying solar panels requires an investment and more decision making than leasing but over the long term the benefits of owning your system are hard to beat.
More than 19 000 connecticut households currently using solar power.
Lease new connecticut solar panels for as little as 0 down with our brightsave monthly plan and get the same dependable solar power as full ownership while enjoying low predictable monthly solar bills for 25 years.
Residential solar incentives connecticut green bank offers two incentive models to help you go solar.
The ct solar lease for shw uses state of the art technology by aet solar is installed by professionally trained contractors and is backed by a 15 year comprehensive insurance and warranty management program by assurant.
The expected performance based buydown epbb incentive provides you with an upfront cost reduction based on major design characteristics of your system such as panel type installation tilt shading orientation and solar insolation a measure of.
With a solar lease ppa you pay as little as 0 up front and 0 for maintenance.
For connecticut the average solar payback period is 8 46 years.
Fortunately there are many financing options available for property owners looking to invest in solar energy.
If you lease the system or sign a power purchase agreement ppa a third party owns the solar panel system.
How easy is that.
Another choice that solar shoppers have to face is how to pay for a solar panel system.
When solar panels are attached to a home the solar panels become fixtures i e part of the home.
Two and three panel system leases are available and save 10 15 of the average connecticut home energy bill each year.
That is a homeowner who invests in a 5kw system would receive 2 315 right off the bat.
At that time the homeowner has to make lease or mortgage payments to the solar panel company that records a document such as a ucc 1 financing statement.
