Energy Conservation Incentives

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With the prospect of continuing increases in energy prices, both the Connecticut state government and the federal government have created incentives to encourage energy conservation.

 

CONNECTICUT INCENTIVES

SALES TAX EXEMPTION: HOME WEATHERIZATION PRODUCTS

Connecticut Legislative as of January 2016 has made changes to exemptions for some Home Weatherization Products, see the Department of Revenue Services for a current list:  http://www.ct.gov/drs/cwp/view.asp?a=1477&q=269920

ENERGY CONSERVATION LOANS
Connecticut offers the Energy Conservation Loan Program (ECL) and the Multifamily Energy Conservation Loan Program (MEL), which provide financing at below market rates to single family and multi-family residential property owners for the purchase and installation of cost-saving energy conservation improvements.  The ECL program is for homeowners with gross annual income at or below 110% of the State Median Income by geographic area and family size, and the MEL program is open to owners of residential properties with at least five dwelling units in the building. The loan programs are administered by Capital for Change, Inc. (C4C) with funding from the Connecticut Department of Housing,  More info.

SOLAR POWER SYSTEM REBATES
The Clean Energy Finance and Investment Authority, funded by U.S. Department of Energy,  offers a Residential Solar Photovoltaic (PV) Incentive Program offers system installation cost rebates for Connecticut residents who install PV systems on their homes. This incentive is available only through participating installers designated by the Authority. PV systems may be of any size but must be connected to the electric grid. Rebate amounts are calculated based on the Watts produced by the new PV system. Homes can be one to four family residences. More info…

CONNECTICUT GREEN BANK – Offers incentives and low-cost financing to encourage renewable energy and energy efficiency for homeowners, companies, municipalities, and other institutions, http://www.ctgreenbank.com/

 

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SOURCES: Connecticut Department of Revenue Services (DRS), Connecticut Housing Investment Fund (CHIF), Clean Energy Finance and Investment Authority, American Council for an Energy-Efficient Economy (ACEEE), Eversource: EnergizeCT

PREPARED BY: 211/kq
CONTENT LAST REVIEWED: December2016