Solar Incentives Going Away? What to Know and How to Take Advantage in Eastern Connecticut Before It's Too Late ☀️⚠️
- Spencer Gradley
- Mar 30
- 2 min read
If you're a homeowner in Eastern Connecticut, now is the time to go solar. Incentives that make solar affordable today may not be around forever. Delaying could mean missing out on valuable tax credits, rebates, and energy bill savings. ⏳💸
This blog will explain what’s available, what may be changing, and how to lock in your incentives before they phase out.
Current Solar Incentives for Eastern Connecticut 🌞
1. Federal Solar Tax Credit (ITC) – 30% Through 2032
The Federal Investment Tax Credit (ITC) lets you deduct 30% of the total cost of a solar system from your federal taxes. This powerful incentive significantly reduces your upfront cost.
System Size | Estimated Cost | 30% Tax Credit Savings |
5 kW | $15,000 | $4,500 |
7 kW | $21,000 | $6,300 |
10 kW | $30,000 | $9,000 |
⏳ Note: The 30% credit begins phasing down in 2033 unless Congress renews it. 🔗 Learn more from Energy.gov
2. Energize Connecticut Rebates & Loans 💡
Energize CT offers incentives and low-interest Smart-E Loans to help reduce the cost of going solar.
Smart-E Loans: Financing with no money down and up to 20-year terms.
Energy Efficiency Bundle: Combine with insulation and other upgrades to save more.
3. Renewable Energy Certificates (RECs) 💰
Every 1,000 kilowatt-hours (kWh) of solar power your system generates earns 1 REC, which can be sold for income. In Connecticut, RECs are tied to wholesale electricity rates, currently around $0.03/kWh.
System Size | Annual Output (kWh) | Estimated REC Income (at $0.03/kWh) |
5 kW | 6,000 | $180 |
7 kW | 8,400 | $252 |
10 kW | 12,000 | $360 |
📝 Note: REC values may change based on market conditions.
What’s at Risk if You Wait 🛑
The federal tax credit will drop after 2032 unless renewed.
State funding for loans and rebates is limited and may tighten.
Installation costs may rise with increased demand and inflation.
Procrastinating could result in lower savings, smaller incentives, or fewer options.
Why Go Solar? (According to the U.S. Department of Energy) 🌍
The Department of Energy lists 5 key reasons to install solar at home:
Reduce electricity bills
Protect against rising utility rates
Low maintenance costs
Boost home value
Decrease carbon footprint
Next Step: See What Your Home Qualifies For 🏡
Let our local team walk you through your eligibility, projected savings, and financing options. Don’t miss the chance to lock in today’s incentives.
📅 Book a Free Solar Consultation Today:
🚀 Take action now—before the best solar incentives are gone!
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