Sunday, October 24, 2010

CT Has $3M for Solar-Power Projects

Connecticut's renewable-energy promotions arm says it has $3 million in federal money to invest in photovoltaic installations at commercial, industrial and institutional facilities.

The Connecticut Clean Energy Fund said grants of up to $1 million apiece are available for solar-power installations generating no more than 200 kilowatts of electricity.

The grants, officials say, are meant to enable owners of solar systems to "break even," counting the cost to purchase and install hardware and savings from the avoided cost of comparable power from an electric utility.

Eligibility is limited to real estate developers and landlords of commercial, industrial and institutional sites. Solar projects currently under construction are not eligible, the Clean Energy Fund says.

Equipment must be installed and working by April 30, 2012.


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