THE SMALLEST FASTEST GROWING STATE IN SOLAR
Why go solar in Connecticut
Connecticut may be the third smallest state, but it is rapidly growing in solar. Over 117,500 homeowners* have already installed a solar system in the Nutmeg State. Installing a solar system may help you save, especially if you take advantage of ongoing incentives. You will also be investing in your home, and thanks to the property tax exemption,** you will not be responsible for paying property taxes on the added home value.
Solar incentives in Connecticut*
Connecticut’s Residential Solar Investment Program offers a rebate worth $0.463 per watt of solar installed (up to 10kW). You can also qualify for a sales tax exemption and pay zero sales tax for your solar equipment, accessories, and installation, along with benefiting from a property tax exemption that applies to the additional value solar adds to your home. Some Connecticut utilities offer net metering, which credits you for the extra electricity your system produces. You can use those credits in exchange for power during times when your system doesn’t generate enough energy to meet your needs.
Arizona homeowners are also eligible for the Solar Investment Tax Credit (ITC). The ITC allows you to deduct 26 percent of the cost of installing a solar energy system from your federal taxes.**
Solar panels perform in all kinds of weather
Going solar is a big decision, and although there are many factors you should consider, local weather shouldn’t be a deterrent. Solar panels are designed to work in almost any type of weather… even snow and clouds!
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*This information is current as of May 5, 2021 and figures are approximate. Customers are encouraged to check with their local utility providers for the most up to date and accurate information.
**You should contact a qualified tax expert and consult with them. Neither Freedom Forever’s family of independent authorized dealers nor Freedom Forever itself can give you tax advice. A qualified tax professional will understand your situation and be able to give you the most relevant advice.
***We advise you to consult with the appropriate professionals (including, but not limited to, your solicitor or attorney, accountant, CPA, CGA, or any other financial or legal advisor) for the implications of any information contained in our website and in any link you access through our website.