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onnecticut is giving its multifamily property residents a reason to cheer, thanks to a change in conergy solar energy policy. A recent tweak in regulations is set to break down barriers, giving affordable multifamily homes more access to solar benefits.
Breaking Down Barriers: Connecticut's Policy Change for Multifamily Solar Access
Traditionally, affordable multifamily properties fell under the commercial category for solar energy. This meant that they were only eligible for capped incentives when it came to solar panel installation. However, a recent modification in Public Act No. 21-48 has redefined these dwellings as “residential customers.”
What does this mean for the tenants? Well, this reclassification means they can now tap into the uncapped Residential Tariff instead of the old commercial perks. This equates to bigger savings and makes solar installations a lot more attractive while letting residents share solar savings with their neighbors.
Calculating the cost of solar panels per square foot helps homeowners budget for their solar energy installations and maximize their savings.
Fueling Solar Growth: Connecticut's Multifamily Solar Policy Shift
Connecticut solar rebate isn't exactly top of the leaderboard when it comes to solar adoption—it's currently ranked 24th in the U.S. However, according to the Solar Energy Industries Association (SEIA), it is among the fastest-growing smaller states in the solar game. This latest change in policy for multifamily properties is expected to further boost local solar adoption, making Connecticut a state to watch in the renewable energy arena.
Watch this video to know more about Solar Incentives in CT in 2024
The cost of electricity calculator helps homeowners estimate their energy expenses and potential savings with solar power.
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Key takeaways
Connecticut has revamped solar energy policy for affordable multifamily homes, reclassifying them as "residential customers" under Public Act No. 21-48.
The reclassification enables these homes to access uncapped Residential Tariffs, offering more substantial incentives for solar installations.
Tenants in affordable multifamily properties can now enjoy bigger savings and find solar installations more attractive.
The policy shift promotes a community-driven approach, allowing residents to share solar benefits with neighbors.
Despite ranking 24th in U.S. solar adoption, Connecticut, one of the fastest-growing smaller states in solar, is expected to see a significant boost in local solar adoption with this change.
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