CT Solar Lease

The Affordable Way to Go Solar

The CT Solar Lease™ program provides a great oppor­tunity to add a solar system to your home without the high up-front costs of ownership. The CT Solar Lease™ offers a no money down* opportunity to install a solar system on your property.

  1. Apply online for your eligibility for a CT Solar Lease™ Credit Approval through AFC First Financial Corp. (AFC First) or call (888) 232-3477. We’ll have a quick decision on your application and advise you and your Installer of the next steps.

  2. Choose a CT Solar Lease™ Eligible Contractor to design and price your PV Solar System.

  3. Sign your lease papers. AFC First and your contractor will explain the agreement and answer all your questions.

 


What are the advantages of leasing a solar system?

The CT Solar Lease™ program provides a great opportunity to add a solar system to your home without the high up-front costs of ownership. The CT Solar Lease™ offers a no money down* opportunity to install a solar system on your property.

Save on your electric bill!

With your CT Solar Lease™, you pay a fixed or escalated monthly payment - you choose! Pay less than your current electric bill and lock in predictable bills for years to come.

Peace of mind through the life of your lease

Your CT Solar Lease™ includes comprehensive insurance and warranty coverage provided by Assurant. Call one number for all property and warranty issues. Going solar has never been easier!

 

 

* No down payment required if Total System Cost is less than or equal to $4.50 a Watt.


Make a smart investment in your home, and in a clean energy future

Solar PV installation

Install a solar photovoltaic (PV) system and reduce your electricity costs with a proven, reliable, pollution-free technology. It’s now an affordable smart energy choice for Connecticut homeowners. The Clean Energy Finance and Investment Authority (CEFIA) provides incentives to offset the cost of your investment.

Buying a solar PV system is an investment in the future.  Although buying a PV system may require an upfront payment, it can deliver significant energy cost savings for years to come. A lease option, which requires little or no money down, can be an attractive alternative that could provide immediate savings on your electric bill.

A number of factors determine what a system will cost and how much you can save over time, including the future price of electricity and how long your system operates. Connecticut residents pay an average of 18 cents per kilowatt hour for electricity from utilities. By combining Connecticut incentives, utility net metering credits for the power you generate, federal tax incentives and low-interest financing, you could realize long-term cost savings over the life of your PV system. The more electricity prices climb, the faster you’ll see savings. Consult a tax advisor regarding potential tax savings.

What makes a good location for a solar system?

  • The best location for a solar power system is a south-facing roof.

  • A 35 to 50 degree roof tilt is optimal for year-round energy production.

  • Clear access to the sun for most of the day unobstructed by trees, roof-gables, chimneys, buildings and other features of your home or surrounding landscape.

  • Adequate space on your roof.  A typical solar system averages approximately 100 square feet per kilowatt.

  • A roof in good condition.  If your roof is older and needs to be replaced in the very near future, you may want to replace it at the time the solar system is installed to avoid the cost of removing and reinstalling your system.

 


Solar Hot Water InstallationA Smart Energy Solution


Investing in a Solar Thermal or Solar Hot Water (SHW) system is a smart energy solution for most homeowners and certain businesses. This proven and reliable technology offers long-term performance with low maintenance.

What Is a Solar Hot Water System?


A SHW system generates heat from sunlight. The most visible components of a SHW system typically are the solar collectors, or panels, which are usually roof-mounted.  For water-heating systems, the rest of the system includes a tank for storing the heated water, a pump and piping to circulate the heated liquid (usually an anti-freeze solution) from the collectors to a heat exchanger in the tank, which generates hot water or warmed air, and a controller to automatically operate the pump.

Benefits of Owning a Solar Hot Water System

  • SHW systems are appealing because they are technically simple and tend to be less expensive than other types of renewable energy systems for most applications. The most cost-effective application in Connecticut is for domestic hot water (DHW) heating, particularly if it displaces electric water heating.  While the capital cost of installing a solar thermal system for DHW is higher than that of installing a conventional water heater, the fuel savings can pay back the cost of the system in approximately 6 to 10 years, with federal and state incentives.

  • The planet benefits from reduced greenhouse gas emissions and preservation of finite fossil-fuel resources for future generations. A typical residential SHW system supplies about 70% of a home’s hot water, saving 7.7 barrels of oil per year and avoiding the production of almost 3.5 tons of carbon dioxide!

  • The local community benefits from improved air quality, greater independence from fossil fuels, and jobs created by the installation of these systems.

 


Who is Eligible - Solar PV?

The CT Solar Lease™ Program is for Connecticut residential customers of CL&P and UI who:
 

  • Install qualifying solar PV systems
  • Reside in their 1 to 4 family owner-occupied home
  • Meet the Credit and Debt-to-Income qualifications of the program

Who is Eligible - Solar Hot Water?

The CT Solar Lease™ Program is for all Connecticut residents who:
 

  • Install qualifying solar hot water systems
  • Reside in their 1 to 4 family owner-occupied home
  • Meet the Credit and Debt-to-Income qualifications of the program

Who May Perform the Work?


Only CT Solar Lease™ Eligible Contractors may perform the work. Click here for a list of Solar PV contractors who are eligible to participate in the program. Click here for a list of Solar Hot Water Contractors who are eligible to participate in the program.