Affordable Solar Energy Systems for Qualifying Connecticut Homeowners
Connecticut Leads the Way With The Nation's First Rate Payer Supported Residential Leasing Program for Solar Energy.
The Connecticut Clean Energy Fund and CT Solar Leasing, LLC have combined the power of CCEF's innovative Solar Rebate program and the financial power of leasing to create an unbeatable way for qualifying homeowner customers of CL&P and UI to add solar energy to their homes for the lowest possible cost.
You Get The Advantage of Connecticut’s Leading Rebate Program
The CT Solar Lease™ works in conjunction with Connecticut Clean Energy Fund’s innovative solar rebate program. The rebate is utilized by CT Solar Leasing to reduce the monthly cost of the lease.
Smart Financial Decision
Since CT Solar Leasing owns the solar system, it can take advantage of expanded business tax incentives. The value of these extra incentives helps eliminate the need for a downpayment and reduce the monthly cost of the lease to the homeowner even more!
Freedom to Choose the Installer
The CT Solar Lease™ allows you to choose your installer from a list of over 20 installers which have been pre-approved by the Connecticut Clean Energy Fund and CT Solar Leasing.
Free Remote Monitoring Service Included
All new CT Solar Lease installations will include the smart monitoring system from Locus Energy. The cost of the monitoring device and its installation will automatically be included in your lease. And CT Solar Leasing will cover the cost of the monitoring service for the life of your lease! A small device is connected to your solar system which allows you and your installer to constantly monitor the performance of your solar system from any computer connected to the internet. In the unlikely event that your system underperforms, you and your installer can be notified so that the issue can be taken care of quickly. Also, the smart monitoring system reports your generation directly to CT Solar Leasing for purposes of the Solar Dividends program. Your CT Solar Lease includes the smart
$0.00 Down Payment, Low Fixed Monthly Payments
Your CT Solar Lease™ requires no downpayment and has been designed to provide qualifying homeowners with the lowest possible fixed monthly payment* - less than $120 per month for a typical 5 kw system!
Save On Your Electric Bill
With your CT Solar Lease™, you pay a fixed monthly payment. As electric prices are expected to continue rising, your monthly payment stays the same thus increasing the savings on your electric bill.
Keep Your Future Options Open
With solar technology and costs changing at such a rapid pace, you will have several options at the end of your 15 year CT Solar Lease™. You can buy the system from us at its then current value; extend your lease for another 5 years at a significantly reduced monthly rate; or have the system removed at your own expense with no future obligation.
Benefit More With Solar Dividends™
Offsetting your electric bill isn’t the only way you can save. Our exclusive Solar Dividends™ program could provide additional value to you. Solar Dividends™ represent a portion of the value CT Solar Leasing can achieve from the sale of Renewable Energy Credits (RECs) which are based on the electricity produced by the system. CT Solar Leasing will account for the REC value earned by each system and Solar Dividends™ will be put into a reserve for future operating costs of the system such as inverter replacement and out of warranty repairs.
*For convenience and to keep lease costs low, CT Solar Leasing requires automatic payment from your checking account. The monthly payment will be electronically deducted from your account on your lease due date. If you choose to not have automatic payment, there will be a $10 per month service fee.
August 16, 2011
IMPORTANT NOTICE: AFC First will no longer be accepting new CT Solar Lease applications effective August 19, 2011 at 5:00pm.
We will continue to work with clients who have applications in the pipeline. The Clean Energy Finance and Investment Authority (formerly the Connecticut Clean Energy Fund) will accept installer’s application packets after this date, but only for homeowners who have applied to AFC by the deadline.
Any CT Solar Lease applications receiving an approved rebate as part of this program must be completed and placed into service on or before November 18, 2011.
If you have any questions, please contact us.
New Study on Solar Leasing Link:
NREL (National Renewable Energy Laboratory) Releases Study on Solar Leasing Featuring CT Solar Lease
Case Study Link:
First CT Solar Lease Installation Featured on Solar Connecticut
November 19, 2009
Important Announcement for Installers
The eligible income limits for the CT Solar Lease program have been broadened, enabling more Connecticut homeowners to qualify. Click here for more details.
Questions About Solar & Clean Energy in Connecticut?
Download a CT Solar Lease Program Summary and Frequently Asked Questions Here
CT Solar Guide Espanol
AFC First is an
Equal Housing Lender
Energy Loan Lender
The CT Solar Lease Program
is provided by CT Solar Leasing, LLC, a
specialty leasing company, in partnership
with the Connecticut Clean Energy Fund,
AFC First Financial Corporation, Gemstone Lease Management, LLC and US Bank.