{"id":19365,"date":"2013-12-02T16:42:48","date_gmt":"2013-12-02T16:42:48","guid":{"rendered":"http:\/\/ecowatch.com\/?p=313840"},"modified":"2013-12-02T16:42:48","modified_gmt":"2013-12-02T16:42:48","slug":"solar-installations-soar-in-first-two-years-of-connecticuts-unique-financing-program","status":"publish","type":"post","link":"https:\/\/leedpoints.com\/green-building-blog\/solar-installations-soar-in-first-two-years-of-connecticuts-unique-financing-program\/","title":{"rendered":"Solar Installations Soar in First Two Years of Connecticut\u2019s Unique Financing Program"},"content":{"rendered":null,"protected":false},"excerpt":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" width=\"150\" height=\"150\" src=\"http:\/\/ecowatch.com\/wp-content\/uploads\/2013\/12\/roofs-150x150.jpeg\" alt=\"More than 2,000 residential solar contacts have been approved since the 2011 creation of the Connecticut Clean Energy Finance and Investment Authority. Photo credit: Climate Action BC.\"><\/p>\n<p>Connecticut hasn&#8217;t been included in various state rankings of solar energy, but its efforts in financing projects and increasing accessibility could change that.<\/p>\n<p>In less than two years,&nbsp;2,160 residential solar system contracts have been approved in Connecticut, according to <a href=\"http:\/\/www.huffingtonpost.com\/2013\/11\/29\/solar-power-connecticut-green-energy_n_4359785.html?utm_hp_ref=green\" target=\"_blank\"><em>The Associated Press<\/em><\/a>. While Connecticut was not listed among Environment America&#8217;s <a href=\"http:\/\/ecowatch.com\/2013\/07\/24\/12-states-leading-solar-power\/\" target=\"_blank\">top 12 states<\/a> leading the country in solar energy, the state has a strong finance mechanism and campaign in place to boost panel installations. Solarize Connecticut, the campaign backed by a $27 million fund&nbsp;supplied by utility ratepayers, tries to marry homeowners with low-cost installers with the help of the state&#8217;s Clean Energy Finance and Investment Authority&nbsp;(CEFIA). The organization calls itself the nation&rsquo;s &#8220;first full-scale clean energy finance authority.&#8221;<\/p>\n[caption id=\"attachment_313864\" align=\"alignnone\" width=\"500\"]<a href=\"http:\/\/ecowatch.com\/wp-content\/uploads\/2013\/12\/roofs.jpeg\"><img loading=\"lazy\" decoding=\"async\" alt=\"More than 2,000 residential solar contacts have been approved since the 2011 creation of the Connecticut Clean Energy Finance and Investment Authority. Photo credit: Climate Action BC.\" src=\"http:\/\/ecowatch.com\/wp-content\/uploads\/2013\/12\/roofs.jpeg\" width=\"500\" height=\"300\"><\/a> More than 2,000 residential solar contacts have been approved since the 2011 creation of the Connecticut Clean Energy Finance and Investment Authority. Photo credit: Climate Action BC.[\/caption]\n<p>The CEFIA was established by Connecticut&rsquo;s General Assembly in July 2011, giving way to <a href=\"http:\/\/solarizect.com\/\" target=\"_blank\">Solarize Connecticut<\/a>, <a href=\"http:\/\/www.energizect.com\/\" target=\"_blank\">Energize Connecticut<\/a> and the <a href=\"http:\/\/www.ctcleanenergy.com\/NewsEvents\/PressRoom\/tabid\/118\/ctl\/ViewItem\/mid\/1364\/ItemId\/286\/Default.aspx?SkinSrc=\/Portals\/_default\/Skins\/subpages\/subpage_level0\" target=\"_blank\">GoSolarCT.com<\/a> web portal to aid residents in finding financing.<\/p>\n<p>&ldquo;We are confident that the GoSolarCT initiative will enable &lsquo;solar-curious&rsquo; residents across the state to learn how to access cleaner and cheaper solar energy with a variety of affordable financing options,&rdquo; said Kerry O&rsquo;Neill, director of residential programs for CEFIA. &ldquo;Our research has shown that homeowners are interested in learning how to go solar and trust their neighbors who are leading the charge.&nbsp;<\/p>\n<p>Solarize Connecticut&nbsp;annually earmarks $9 million of the available funding to finance residential installations by solar panel firms that were competitively picked by the organization.&nbsp;The group wants to boost <a href=\"http:\/\/ecowatch.com\/category\/renewable-business\/\" target=\"_blank\">clean energy<\/a> while decreasing the demand on the electric grid relied upon by utilities.<\/p>\n<p>Bob Wall, director of marketing and outreach at CEFIA, said the agency is running solar panel installation campaigns in 22 of Connecticut&#8217;s 169 towns and cities. So far, nine solar energy installation campaigns have been completed.<\/p>\n<p>When Westport, CT was selected as one of the four pilot programs for Solarize Connecticut, David Mann, a&nbsp;chairman of the town&#8217;s <a href=\"http:\/\/www.westportct.gov\/index.aspx?page=171\" target=\"_blank\">green task force<\/a>,&nbsp;estimated that&nbsp;the expense of solar energy systems through the program could cost up to <a href=\"http:\/\/www.ctpost.com\/local\/article\/Solar-energy-initiative-launched-in-Westport-3870053.php\" target=\"_blank\">50 percent less<\/a> than market&nbsp;rates.<\/p>\n<p>&#8220;It&#8217;s a proven, long-term technology,&#8221; Mann told the <em>Connecticut Post<\/em>.<\/p>\n<p>The average system in Connecticut costs about $24,000,&nbsp;Glenn Cucinell, solar division manager at Encon Solar Energy Division, said. However, state and federal rebates and incentives can drive that cost down to $8,000, depending on eligibility.<\/p>\n<p>The Solar Energy Industries Association <a href=\"http:\/\/ecowatch.com\/2013\/11\/25\/solar-growth-explodes-october\/\" target=\"_blank\">estimates<\/a>&nbsp;more than 9,400 megawatts (MW) of cumulative solar electric capacity&nbsp;installed in the U.S.&mdash;enough to power more than 1.5 million American homes&mdash;and that number is expected to hit nearly 13,000 MW by the end of this year. Additionally, an&nbsp;<a href=\"http:\/\/ecowatch.com\/2013\/11\/25\/u-s-third-largest-solar-market-in-world\/\" target=\"_blank\">NPD Solarbuzz<\/a> report showed that a robust project pipeline would make the U.S. the third largest solar market in the world next year, behind China and Japan.<\/p>\n<p>Households with middle-class income&mdash;$40,000 to $90,000&mdash;add solar panels to their homes more than any other segment in the U.S., according to a <a href=\"http:\/\/ecowatch.com\/2013\/10\/22\/middle-class-homeowners-buyers-rooftop-solar\/\" target=\"_blank\">report<\/a> from&nbsp;the Center for American Progress.&nbsp;Since 2000, U.S. residents installed more than 1,460 MW of solar energy on their roofs.<\/p>\n<p><strong>Visit EcoWatch&rsquo;s&nbsp;<a href=\"http:\/\/ecowatch.com\/category\/renewable-business\/\" target=\"_blank\"><strong>RENEWABLES<\/strong><\/a>&nbsp;page for more related news on this topic.<\/strong><\/p>\n<p><a href=\"http:\/\/oi.vresp.com\/?fid=00b11039e0\"><img loading=\"lazy\" decoding=\"async\" alt=\"topnewsbanner121\" src=\"http:\/\/ecowatch.com\/wp-content\/uploads\/2013\/10\/topnewsbanner1211.jpg\" width=\"500\" height=\"120\"><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1,57],"tags":[2892,12198,2913],"class_list":["post-19365","post","type-post","status-publish","format-standard","hentry","category-green-building-posts","category-leed-news","tag-business","tag-featured-business","tag-renewables"],"_links":{"self":[{"href":"https:\/\/leedpoints.com\/green-building-blog\/wp-json\/wp\/v2\/posts\/19365","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/leedpoints.com\/green-building-blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/leedpoints.com\/green-building-blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/leedpoints.com\/green-building-blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/leedpoints.com\/green-building-blog\/wp-json\/wp\/v2\/comments?post=19365"}],"version-history":[{"count":0,"href":"https:\/\/leedpoints.com\/green-building-blog\/wp-json\/wp\/v2\/posts\/19365\/revisions"}],"wp:attachment":[{"href":"https:\/\/leedpoints.com\/green-building-blog\/wp-json\/wp\/v2\/media?parent=19365"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/leedpoints.com\/green-building-blog\/wp-json\/wp\/v2\/categories?post=19365"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/leedpoints.com\/green-building-blog\/wp-json\/wp\/v2\/tags?post=19365"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}