Solar Lease Program for Photovoltaic Systems
CT Solar Lease allows homeowners to lease a photovoltaic (PV) system, with fixed monthly payments for a term of 15 years. This program, which combines the benefits of the Connecticut Clean Energy Fund’s Solar Rebate Program and federal tax credits for solar energy, is available to owners of one- to four-family homes with a household income not greater than 200% of the area’s median income. All electricity generated by a leased PV system reduces the homeowner’s electric bill. At the end of the 15-year term, the homeowner may either buy the system at a reduced cost, extend the lease for another five years at a reduced monthly cost, or remove the system – at the homeowner’s expense – and return the system to the program operator. The homeowner is responsible for paying all repairs and maintenance during the lease, as well as insurance though the CT Solar Lease program requires PV installers to warranty labor for the system for five years and manufacturer warranties are required for the PV modules (20 years) and inverters (five years). Contact: CT Solar Lease Program, AFC First Financial, 1005 Brookside Road, Great Bear Center, Allentown, PA 18106; 800-232-3477; http://www.ctsolarlease.com/
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