Connecticut's New Commitment to Solar Engery

Photo Courtesy of CT POST

Connecticut has made a serious commitment in hope to encourage homeowners in Connecticut to invest in solar energy. State officials, setting a goal of installing the energy panels on about 3,000 homes by 2022. The way I understand CT’s commitment is threefold:

• First, the government will be promoting commercial solar projects, such as solar farms, and require Connecticut utility companies to get more of their energy from renewable sources.
• Second, along with these programs new energy laws are going to require utility companies to enter into new $8 million contracts with renewable energy providers each year for the next six years. 
• Third, a new Connecticut incentive allows utility companies to build up to 30 megawatts of renewable energy generation plants in the next three years that they would be allowed to own. Connecticut's deregulation laws dictate that utility companies may not own any energy plants; they can only purchase from privately owned energy generation plants and can't make a profit on those purchases. 

In conclusion the CT’s new commitment will be requiring utilities to enter into long-term contracts with solar companies at a fixed price. This means the companies know what the return on their investment will be decades out, making solar projects a more secure investment and bringing about longevity in the solar job market.