- Senate Bill Proposes Shared Solar, a New RPS, and More
Legislation implementing Connecticut’s latest Comprehensive Energy Strategy passed in both the Senate and House earlier this year. SB 9 is expected to begin the process of moving Connecticut closer to a more market-based, cost-effective energy future. It increases the RPS to 40% by 2030 and establishes a shared solar program. In addition, SB 9 changes the compensation structure for commercial and residential solar projects.
According to The Solar Foundation, the Connecticut Green Bank’s Commercial Property Assessed Clean Energy (C-PACE) program has closed on more than 200 solar projects. This represents more than $114 million in solar and energy efficiency upgrades for the state’s businesses.
24% of the state’s energy comes from solar.
Prices on solar in Connecticut have fallen 53% in the last five years.