At Evergreen Energy, we provide renewable energy solutions to businesses and homeowners. We will show you how to operate more efficiently and reduce energy consumption. We install renewable energy equipment to generate electricity, supplement or take the place of heating, air conditioning and hot water appliances.
Take advantage of 30% Federal tax credits that apply to most of our services. Solar electric, solar thermal, wind turbines and geothermal systems all qualify. Sales tax exemptions, property tax exemptions, utility rebates, and state sponsered rebates are also available for most installations. Contact us for details.
Considering a Solar PV Lease? You may want to reconsider!
We suggest a purchase for several reasons. You are much better off owning your solar array. When you purchase a system yourself, you can claim the 30% federal tax credit. If you have limited tax liability, this can be carried forward. Additionally, you can claim a rebate from the CT Green Bank. Here is a basic example of a purchase!
To purchase a 7 kW solar PV system (assuming a cost of $3.50/Watt)
So, how do you come up with the money to purchase the system outright? If you have mutual funds or other savings, a solar array will get you a much better return on investment. On average, the ROI for solar is greater than 10%.
If you take out a home equity line of credit, you can get a low interest loan and still save money compared to a lease program. At 2% interest, the purchase with a 15-year term will still cost less than a lease. If you decide to sell your home before the end of the lease, your buyer may not be interested in assuming the lease on top of the mortgage. If you own the system, the price of the array will be bundled into the mortgage and will likely be more appealing to a potential buyer.
March 2016, marks our tenth year in business!
Contact us this year for the best price on a Solar PV system. We use the best products and provide the best workmanship. Our 300 watt modules have an efficiency rating of 18%. Please contact us for more information.
In September 2015, Evergreen completed a mid-sized rooftop commercial solar PV system in Middletown!
The system includes one hundred and twenty-seven 290 watt mono crystalline photovoltaic modules, each with its own micro inverter. Check out the photograph in our gallery!
Financing is now available for Solar Photovoltaic, Solar Thermal and Geothermal Projects!
Smart-E loans up to $30,000 are available through several credit unions and banks with terms of 5 to 12-years and interest rates between 4.49 and 6.99%. Please check out www.EnergizeCT.com/smarte for details.
The Connecticut Green Bank (formally the Clean Energy Finance and Investment Authority) released a new rebate program for residential Solar Photovoltaic purchases in 2016.
Current rebates are a maximum of $0.513 per watt for the first 10 kW PTC and $0.40 per watt for the remainder, up to a maximum of 20 kW PTC or 100% of the owners prior 12-months of electricity usage, whichever is lower. Please contact Evergreen as soon as possible if you are interested in a Solar PV System, Solar Thermal, Wind Turbine or a Geothermal system for your home or business.
Zero-Emission Renewable Energy Credits (ZRECs) are now available for all Class I renewable energy systems
which are constructed without incentives from the Clean Energy Finance & Investment Authority. The fee to be paid for ZRECs are based on the system size and will be determined by CL&P and UI on an annual basis.