“Gary and Debbie Sweet, looking for information about putting solar panels on their house, attended a recent meeting in Manchester organized by state energy officials, bankers and solar installers. Sweet, an architect, said solar panels could slash his electricity costs.
“It doesn’t cost me anything. Why not?” he said.
The cost to homeowners is significantly reduced, and although it’s touted by Connecticut as a “once in a lifetime bargain,” it’s not free. Glenn Cucinell, solar division manager at Encon Solar Energy Division, which won the contract to install solar panels on homes in Manchester, said a typical system in Connecticut would cost about $24,000.
After a state rebate of about $8,000 and a 30 percent federal tax credit available for the remaining $16,000, a homeowner’s cost for a residential solar system would be cut by more than half, to $8,000 to $12,000, which can be paid for in long-term financing.
Connecticut’s subsidy is not unusual. Virtually every state offers loans, grants, rebates and other incentives to support broader use of residential solar panels, according to the U.S. Department of Energy. “It’s an incentive driven industry at this point,” Cucinell said.”
South Carolina and the Federal Government support solar energy credits in a big way. And that, combined with a tight building envelope with Insulsteel’s EcoShell, is the essence of Free Energy Living<sup>sm</sup> home.