In the ZREC solar incentive program, Connecticut Light and Power (CL&P) and United Illuminating (UI) offer 15-year contractual revenue to commercial solar system owners. With this revenue, the utility companies pay a fixed price for every kWh of energy the system owners produce. This program works to encourage Connecticut businesses to switch to using clean, renewable energy sources for their facilities.
While the monetary incentives are great, applying for ZREC is a lottery process. If your business does not win the lottery, you will not have access to the monetary incentives. It’s also the only direct monetary incentive program in Connecticut at the moment. However, other tax credits, incentive programs, and federal and state grants can help you finance your switch to solar energy.