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Connecticut – pv Magazine USA

Connecticut is implementing state policies to support strong solar power, benefiting residents who pay nearly 50% higher than the national average.

In northeastern Connecticut, there is a steadily growing solar industry, supported by intelligent policies across the sector. According to the Energy Information Agency (EIA), the state has a particularly strong presence of commercial solar power, which pays nearly 50% more electricity than the national average for homeowners. It can bring significant cost savings.

Residents of Connecticut have access to several incentives for solar power, in addition to the Federal Investment Tax Credit (ITC), which is 26% of the system cost by 2022. Residential solar increases the value of your home, but is exempt from property taxes and the state’s 6.35% sales tax.

Connecticut also manages zero emission renewable energy credits (ZREC). This is a capped block program, a lottery system that provides credit to inter-sectoral systems.Details can be found Here..

Perhaps the most successful program in the state was Connecticut Green Bank. The program provided significant advance incentives and exceeded the 382 MW expansion target, which was deployed earlier than planned. Earlier this year The program has a total investment of over $ 2 billion..

New incentives for 2022

At the beginning of 2022, the Green Bank program was replaced by the Residential Renewable Energy Solutions program, which supports projects up to 25kW-AC and runs for 6 years.

The program is managed by the utilities Eversource and United Illuminating (UI). Customers have two options. An all-buy incentive or a netting incentive similar to traditional net metering.

The biol program is managed as follows: Utilities purchase electricity from homeowners at rates approved by the Utility Regulatory Authority (PURA). Customers will be rewarded as either invoice credits to offset their monthly invoices or quarterly cash payments. Customers can specify a percentage of the reward that will be split into two options. Homeowners purchase the power they need to power their homes directly from Eversource or United Illuminating. Invoice credits that were not used to offset the invoice can be cashed out once a year, and cash payments (quarter or yearly) must be paid to a third party who is not the account owner.

The price of the Biol Program is fixed for 20 years and includes the ZREC value earned. The current bio-r rate for both Eversource and UI customers is $ 0.2943 per kWh. With bio-incentives, power generation and consumption are measured using separate meters installed in the home.

With the netting option, power generated by the system but not consumed within a month is “netted” at the same rate as the power paid to Eversource. Net credit applies to invoices in dollars and is used to offset future customer, supply, and shipping charges. The excess credit will be carried over every month and can be cashed out if the electrical service is stopped. Once registered, the net production compensation rate ($ per kilowatt hour) will vary depending on the general retail rate for 20 years.

Eversource’s customers are currently offered $ 0.0318 / kWh, which will be extended for 20 years. UI customers receive no additional incentives other than the benefits of retail price net metering. Customers also receive quarterly ZREC payments.

Both options come with an adder containing an added value of $ 0.025 / kWh for low-income customers, and the designated “poor municipality” will receive an additional $ 0.0125 / kWh.

Connecticut has many state-level incentives to pursue climate-related goals.Database of State Incentives for Renewable Energy and Efficiency (DSIRE) outlines them Here..

Project spotlight

Stanford University is powered by a combination of a large ground-based system and a 5 MW rooftop solar.

A notable project in Connecticut is Stamford Solar Power Plant # 2, which recently achieved commercial operation. Developed by Goldman Sachs Renewable Power, this project features a capacity of 88 MW and a battery energy storage system of 50 MW / 200 MWh. With the activation of this system, Stanford University has achieved its goal of using 100% renewable energy and is one of the first universities in the United States to achieve that status.

In addition to this project, Stanford University surpasses campus buildings with a total solar power capacity of 5 MW. The university has reduced carbon emissions by 80% compared to 2011 levels.

“Stanford University has been working to transform the campus into a living laboratory for environmental behavior. We aim to model sustainability in every aspect of campus life,” said Sustainability. Lincoln Breevans, director of energy management, said.

State statistics

SEIA ranks Connecticut 22nd Nationwide expansion, not bad for the state 29th By population. By the fourth quarter of 2021, it is estimated that 1097.4 MW will be installed and will generate enough solar power to supply the equivalent of 174,333 households.

Image: SEIA

Connecticut employs more than 2,000 people in 135 solar power industries. There are 27 manufacturers and 54 installers / developers in the state. SEIA estimates that $ 2.7 billion of solar-related economic activity has occurred in the state.

First stop Of the solar power magazine Tour solar state incentive Taken me to the mainAnd then head to New Hampshire.

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https://pv-magazine-usa.com/2022/04/08/50-states-of-solar-incentives-connecticut/ Connecticut – pv Magazine USA

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