in News Departments > New & Noteworthy
print the content item

comments: 0

Connecticut's Clean Energy Finance and Investment Authority (CEFIA) has created a competition for $1 million in low-cost capital for financial innovators that can deliver the most solar photovoltaic electricity to Connecticut homeowners without the use of state subsidies.

The new request for proposals seeks to support a financial strategy that maximizes the amount of new residential rooftop PV systems deployed per dollar of CEFIA investment. This effort is part of the Energize Connecticut initiative, which is intended to help consumers save money and use clean energy.

CEFIA intends to provide a $1 million long-term and low-interest loan to the winning bidder for delivering the greatest amount of solar PV deployment without the use of an expected performance-based buy-down (rebates) or performance-based incentives.

Eligible respondents include solar installation companies and private financial entities. Solar installations performed under this program must be installed by CEFIA-eligible installation companies, the agency notes.

This pilot program is intended to demonstrate how low-cost long-term financing can be an alternative to subsidies. If the pilot is successful, CEFIA staff will propose that additional funds be allocated in fiscal-year 2013 and fiscal-year 2014 to support a full rollout of the capital competition with up to $10 million in loan financing.



SolarEnergyTradeShow_id1384

Surrette_id1386
Latest Top Stories

Fees For DG Solar Fire Up Advocates And Utilities In Utah And Massachusetts

Regulatory hearings in Utah and legislative wrangles in Massachusetts are two of the latest examples of the transformative effect distributed generation (DG) solar is having on the U.S. electric power industry.


Report Benchmarks U.S. Electric Utility Clean Energy Deployment

As the U.S. Environmental Protection Agency prepares for its listening sessions on its Clean Power Plan for existing power plants next week, a new report ranks the cleantech performance of nation’s largest electric utilities.


Solar Sector Fears WTO Ruling Against Tariffs Won't Save The U.S. From Itself

Although the WTO says U.S. anti-dumping tariffs levied on Chinese PV manufacturers are improper, few expect the ruling to prevent a rise in module prices.


Xcel Energy Offers Solar*Rewards 'Bridge' For Colorado Solar Installations

As an incentive for the continued development of customer-sited solar, Public Service Co. of Colorado has agreed to advance capacity for its popular Solar*Rewards program.


Flexible Sources Key To Integrating Solar PV Into Utility Operations

A report from three U.S. Department of Energy labs proposes a framework for integrating various amounts of PV into the grid.

Lufft_id
S&C Electric_id1352
PVcobra_id1394
SnakeTray_id1373
WIP_id1320