CT Solar Incentives

Solar Energy in Connecticut?

Although most associate solar panels with the sunniest states, solar energy is a great option for those who live in Connecticut! Not only is solar a smart investment for long-term financial gain, but it can also significantly reduce your monthly utility bills. In addition, solar is a cleaner and more efficient alternative to finite fossil fuels.

 

Federal Tax Credit

Tax credits are a great way for residents who own their solar panel systems to earn money back. The Federal Tax Credit allows solar energy owners to deduct 26% of the cost of installing the solar system from their federal taxes.

The Federal Tax Credit applies to both residential and commercial systems. This credit can be applied to personal income taxes that would otherwise be payed to the federal government.

You qualify for these credits if you own your panels opposed to renting, installed in 2020 and actively generate electricity. When you’re ready to claim your credit, you are going to need to file IRS Form 5695 when doing your tax returns. You will be instructed to calculate your credit on the form.

This deal will not last forever. Residential and commercial solar energy system owners can deduct 26% of the cost of installation for systems that have begun construction through 2020. The tax credit then decreases in slow increments annually until 2021, where it is projected to stay at 10%. You’ll get the best deal if you switch to solar energy today!

 

State Incentives

Connecticut offers solar rebate programs, the Energy Conservation Loan Program and tax exemptions for renewable energy equipment. On top of these offers, Connecticut also has a net metering policy that credits you for the excess energy that your system produces.

Ask your solar provider to learn more about these programs and determine which ones you qualify for!

 

Environmental Impact

Connecticut has some of the worst air pollution in the northeast region of the US. According to the American Lung Association, Hartford County’s pollution has increased in the past year. In fact, Hartford has received a failing grade from the lung association.

Solar energy uses clean energy from the sun – an infinite resource. Virtually no CO2 is emitted as a result of solar panel usage, therefore significantly reducing your carbon footprint.

Thanks to significantly improved technology and government incentives, solar is more affordable than ever. Step into your future and switch to clean solar energy today.

 

Financing Options

Momentum Solar is committed to helping residents of Connecticut convert to clean, solar energy. We provide guidance at every step in the process, which includes helping you determine the best way to finance your system. Three options are available to you:

Pay upfront for your system: If you are able to, paying for your system outright offers substantial savings over time.

Take out a loan: Many homeowners don’t have enough money to pay for their system outright, but taking out a loan allows them go solar sooner. There are several types of loans available and we can help you find the best one for your financial situation. With a loan, you’ll be able to get a solar system installed on your property for $0 down so you can start experiencing cost savings sooner. Once the loan is paid off, you’ll own your system.

Lease your solar panel system: Leasing or a solar power purchase agreement (PPA) are attractive options for Connecticut residents who want to enjoy the savings associated with solar without owning the system. With a lease or PPA, you’ll pay a fixed amount for each kWh of electricity generated by your system, which will be substantially lower than paying for electricity from the grid. With no upfront investment and savings guaranteed during the entirety of your leasing agreement, this is an excellent way to go solar for little money down.

 

Why Momentum Solar

Momentum Solar provides its customers with a first-class experience throughout their solar energy journey. We take care of everything from custom design, permitting, and installation of every system.

Our mission is to provide cleaner energy while helping our customers take control over rising electricity costs. We firmly believe that solar energy will help you improve your environment while achieving your financial goals.

Now Offering Battery Storage!

We have some big news!

Momentum Solar is officially offering a variety of battery storage options for our customers. We’ve teamed up with Enphase to provide energy management technology that supplies homes with electricity in the event that your panels are not producing energy. This includes instances where the rest of your neighborhood is experiencing a blackout due to weather or similar causes.

Momentum will begin supplying interested homeowners with Enphase Encharge systems. Read on to learn more about these battery storage options.

What is Encharge?

Enphase Encharge is a battery backup system that stores excess electricity produced by your solar panels. This stored energy can then be used in times when your panels are not producing electricity.

Why Would I Need It?

Enphase Encharge gives homeowners the luxury of powering their home when the rest of their neighborhood is completely shut down during a power outage. This battery backup system provides independence from your utility grid when you choose.

Picking the Correct Module

Momentum Solar offers different battery units to suit your exact energy storage needs.

Encharge 3: This storage system is a 3.36kWh battery unit that is flexible and scalable.

Encharge 10: For more capacity, the Encharge 10 boasts a 10.08 kWh battery without sacrificing its flexibility and scalability.

Homeowners can increase and combine modules as necessary, creating a completely personalized battery experience.

Maximize Your Savings

Homeowners have the power to choose when the energy produced by panels is stored in their battery units. By strategizing when your home uses the neighborhood’s grid and when to use from your own battery, you can maximize your energy savings and dramatically decrease your utility bill.

Enpower Smart Switch makes the transition easy by automatically detecting a power outage and switching your source from the grid to your battery unit.

Why Choose Us?

Momentum Solar is one of the fastest-growing solar companies in the nation employing over 2000 people nationwide. Founded in 2009, we’re an owner-operated industry leader that is dedicated to the customer experience as we provide affordable energy options to qualified homeowners. We handle the entire process from solar enrollment through customized design, engineering, permitting, installation and activation of every system to ensure a seamless transition to renewable energy.

Call 1 (888) MOMENTUM or visit momentumsolar.com for more information about our company and services.

Solar Panel Maintenance

Solar panels require little maintenance, but there are a few steps that owners can take to make sure their systems are operating at full capacity. In order to guarantee peak performance of your solar panels, check out the maintenance tips below.

Cleaning

Owners should annually have their panels cleaned to enable the the system to absorb as much energy from the sun as it can. Sometimes obstructions such as growing tree branches and fallen leaves block the sunlight, which keeps you from getting optimal results. Buildup on the panels such as pollen and other debris can block sunlight as well.

Some of the cleaning process can be done by the owner themselves, but it is recommended to call a professional for the safety of the owner and preservation of the system. An expert can safely remove debris from the glass panels with the proper tools and can assess any potential damage in the process, that way they can guide you through the next steps.

Inclement Weather

In the event of inclement weather, it is highly recommended to seek a professional to take care of the aftermath. Even a careful sweeping of snow with the wrong equipment can scratch the panels, cause serious damage and compromise your warranty. Snow will melt off the panels on its own, but if you feel your system is being compromised then we suggest seeking help from your solar provider.

Similarly, you should not power wash your roof, as the water pressure can damage the panels.

Repairs

Even small cracks and damages can affect the efficiency of your system. We highly recommend that homeowners regularly check for broken glass, unexpected power cuts, lower power production or an error message from your inverter. If these problems go undetected, you will not be able to save as much in the long run because your solar panel system won’t be operating to its full potential.  Call your solar provider to determine why your panels are losing capacity and determine if you need repairs.

Inspection

Usually solar panel systems come with a monitor which allows homeowners to measure the performance of the system. If your monitor notifies you of a failure in the system or a sudden dip in energy output, you should have it inspected by a professional as soon as possible in order to diagnose the issue.

Even if you are not notified of any issues, you should still have an annual inspection. Professionals may be able to find small cracks in the panels, which could leak moisture into the system and do extensive damage if not handled in a timely manner. An annual inspection can catch small problems before they become significant.

Be Proactive

At the end of the day, owners of solar panels are responsible for repairs and maintenance. Make sure to read the warranties of your purchase and check your home insurance to see if solar panel repairs are covered.

Solar energy is a low-maintenance option that gives homeowners peace of mind about their environmental impact – and it can certainly make a dent in monthly utility bills. For more information, call us today at (888) 666-3588 or visit our website www.momentumsolar.com.

New Jersey Solar Incentives 2020

New Jersey residents can save a significant amount of money with solar panels are through federal and state incentives. Solar tax credits are a federal incentive that give homeowners a 26% credit that can be applied to their annual taxes. On top of that, homeowners can utilize New Jersey’s Solar Renewable Energy Credit (SREC).

Are you wondering how you can apply for these credits and take advantage of these incentives? Read on to learn more about these incentives and how you can use them!

Federal Tax Credits

Tax credits are a great way for residents who own their solar panel systems to earn money back. The Federal Tax Credit allows solar energy owners to deduct 26% of the cost of installing the solar system from their federal taxes.

The Federal Tax Credit applies to both residential and commercial systems. This credit can be applied to personal income taxes that would otherwise be payed to the federal government.

You qualify for these credits if you own your panels opposed to renting, installed in 2020 and actively generate electricity. When you’re ready to claim your credit, you are going to need to file IRS Form 5695 when doing your tax returns. You will be instructed to calculate your credit on the form.

This deal will not last forever. Residential and commercial solar energy system owners can deduct 26% of the cost of installation for systems that have begun construction through 2020. The tax credit then decreases in slow increments annually until 2021, where it is projected to stay at 10%. You’ll get the best deal if you switch to solar energy today!

NJ Solar Renewable Energy Credit (SREC)

New Jersey’s SREC program provides a means for these energy credits to be created and verified. Electric suppliers buy and retire these certificates in order to meet their solar Renewable Portfolio Standards (RPS) requirements. All electric suppliers must use the SREC program to demonstrate compliance with the RPS, as this law requires a minimum renewable energy generation percentage in the state. NJ SRECs were created to help our state reach its RPS target of 22.5% by 2021.

Homeowners are not required to meet this RPS goal, however you can receive credit from these companies for contributing to the generation percentage and removing some of the load on your neighborhood’s power grid.

It’s important to note that you are not selling energy from your solar panel system. The SREC credits are essentially proof of generating solar energy. Homeowners receive a power bill credit, which is a separate entity from SREC sales.

In order to benefit from this incentive, New Jersey residents must register their solar project with the SREC Registration Program before starting construction for their system. Once you are registered with the program, you are authorized to generate Solar Renewable Energy Certificates (SRECs).

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