The CT Solar Lease Pro's and Con's   The CT Solar Lease was designed by CT Clean Energy Fund and the financial community.  The concept is to mainstream solar in CT.  It is intended to make the ability to install a solar electric system affordable to everyone who owns a home.

Check out more solar fun facts or solar lease facts or information about the financial analysis of a solar system in CT.  You can contact us at info.CTSolarlease@gmail.com  with comments questions, photos etc.  Or you can also use the contact form to request a free solar evaluation by a qualified, State of CT approved, solar installer. You will be contacted within 48 hours of submitting this form.

The Pros

- No initial out of pocket expenses, meaning no fees, no down payment. Enables you to basically trade a lease payment with your electrical bill.  The concept is that over time, as electrical costs go up, the lease payment is fixed, which in essence fixes your cost over the life of the system.

- This program as of 11/08 is the only rebate program that CT Clean Energy Fund (ccef) is funding, although you don't see it, because it is incorporated in your low-cost lease payment.  So your lease payment is calculated on the gross system costs minus the ccef rebate. The leasing company takes advantage of the 30% federal investment tax credit.

-  For homeowners on a fixed income or who have a tight budget, it is a great way to lower your electrical expense.

- At the end of the fifteen-year term, you can extend the lease for another five years at a greatly reduced monthly fee. There is a fair market buyout at the end of lease, if you should choose to purchase the system at that time.

- You have the preference of your own installers.

- There is no sales tax on the lease payment.