Residential Renewable Energy Solutions
Renewable Energy Solutions is a new solar incentives program in Connecticut, launched on January 1, 2022, where homeowners in Connecticut can sell the power their solar system generated and any renewable energy certificates (RECs) to their utility: Eversource or UI (The United Illuminating Company).
This new program replaces net metering and the residential solar incentive program (RSIP). The plan ensures the continued sustained and orderly development of Connecticut’s solar industry while putting in place important ratepayer and consumer protections that ensure homeowners reap the benefits of renewable energy resources.
How “Renewable Energy Solutions” Works
On your application, you’ll be able to select from two incentive compensation options: Buy-All and Netting; all designed to provide a similar return on your investment. You may also qualify for additional income-based incentives.
Rates for Residential Renewable Energy Solutions
Public Utilities Regulatory Authority (“PURA”) issued its Interim Decision in Docket No. 21-08-02 on October 6, 2021, which included the 2022 Buy-all and Netting Tariff rates. See below incentive rates that will go into effect for eligible Applications received beginning January 1, 2022.
Size Limit for Residential Solar Projects
The size limit for the new solar incentives program in Connecticut is 25 kW instead of 20 kW. Residential projects greater than 25 kW in size are not eligible for Residential Renewable Energy Solutions. These projects may still apply for interconnection under UI’s or Eversource’s Fast Track and Study Distributed Generation Interconnection process, but they will not be eligible for Buy-all or Netting incentive rates.
Accepting Applications Now
The program began accepting applications on January 1, 2022. Please also note that your renewable energy system is not eligible for Residential Renewable Energy Solutions if:
(1) You received approval to operate or approval to interconnect from Eversource or UI prior to January 1, 2022.
(2) And/or if you submitted the application to interconnect prior to January 1, 2022.
You can find more information on the official website of the Department of Energy and Environmental Protection – Public Utilities Regulatory Authority.
Your Connecticut Solar Experts
Ready to get started with Renewable Energy Solutions? As a licensed solar installer in Connecticut, Venture Solar will work with you to design your system and submit your application to Eversource or UI. Book your free consultation with one of our solar experts today.