No Money Down Solar Lease Program Announced in Connecticut
by Matthew McDermott, New York, NY on 08.18.08
photo: Solar Connecticut
Kitting out your home with a solar power system just got a bit easier in the state of Connecticut. Under the Connecticut Solar Lease Program, qualifying low and moderate-income homeowners—those people whose household incomes is less than or equal to 150% of the median income for their area and with good credit—will be able to obtain state assistance to install solar PV systems.
Qualifying Income Level Varies Widely
In the state capitol, Hartford, for example if your household income for a family of four is less than $121,650 you would be able to install a complete solar PV system with no money down. At either end of the spectrum, a family of four in Stamford or Norwalk would be eligible if their income is under $176,700, while in Waterbury the cutoff point is $95,550. The monthly payment for a typical system is expected to be less than $120 per month.
There are other qualifications regarding eligible equipment, who installs it, and reporting data to the Connecticut Clean Energy Fund for the first two years after installation. More information, including an online application form is available at the Connecticut Solar Lease website.
According to CCEF, a total of $38.6 million will be invested and it is hoped that 1,000 homeowners will be taking advantage of the program over the next three years.
:: Connecticut Solar Lease Program and :: Renewable Energy World
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Maybe I misunderstood, but looks like you pay a FIXED monthly payment for the total system AND power, so you are effectively fixing your electric bill for good, no more rate hikes!
This is a joke......as long as the systems remain grid tied low income families will continue to pay for the use of the grid even after they pay off the solar. As in the picture, one can see that the solar is going to outlive the house. Getting approval for solar on substandard housing is not going to happen. Off grid smaller solar generators are already being used by the poor around the world.
Off grid solar is not being underwritten by governments because it doesn't profit their utility corporations their fore they cannot reap the benefits of taxes and fees that you find on your energy bill. When America stops manipulating solar and other alternative fuels to benefit corporations we will rapidly move toward mainstream clean energy. Unfortunately I don't see that happening in my lifetime.