Beginning in October 2014, “Class I renewable energy systems” used for commercial and/or industrial purposes are allowed a property tax exemption. To qualify for this exemption, an assessor or board of assessors must file an application before November 1st in the applicable assessment year. The
This is an exemption from sales and use tax for certain solar, geothermal, and wind technologies. Companies engaged in the clean energy technology or renewable energy sector can claim this exemption. Sales and purchases on or after July 1, 2010 are eligible for up to
The Connecticut Green Bank is the nation’s first green bank. It works with private-sector investors to create low-cost and long-term financing for sustainable projects. More specifically, it looks to support clean energy infrastructure improvements, accelerate the commercialization of clean energy sources, and stimulate demand for
The Connecticut Renewable Portfolio Standard (RPS) is a state policy that requires electric providers to offset a specified percentage or amount of the energy they generate or sell by purchasing renewable energy credits (RECs) from renewable sources. This policy creates a financial incentive for development
Connecticut has implemented Commercial Property Assessed Clean Energy (C-PACE) as a financing program that allows Connecticut building owners to access cleaner, cheaper, and more reliable energy, as well as financing for resiliency and Zero-Emission Vehicle Refueling Infrastructure. This program is only available in participating municipalities.
Connecticut allows municipalities to offer a property tax exemption lasting up to 15 years for qualifying cogeneration systems installed on or after July 1, 2007. Municipalities can also adopt exemptions for commercial or industrial Class I renewable resources including hydropower facilities, solar thermal, or geothermal
Connecticut allows municipalities to exempt parties undertaking Class 1 renewable energy projects from paying building permit fees. Class 1 renewable resources include solar, wind, biomass, and others. The list of eligible parties who can claim this exemption is broad, including but not limited to local
Since 2021, Connecticut’s Public Utilities Regulatory Authority has maintained energy storage targets of 300MW by the end of 2024, 650MW by the end of 2027, and 1,000MW by the end of 2030.
