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Wednesday, December 31, 2014

Tax financing eyed for home solar arrays

A new program used to provide upfront cash for solar arrays in Stamford and elsewhere could soon be unleashed on the residential market, depending on the findings of a report due Jan. 1 by Connecticut's Green Bank. In 2012, Connecticut joined several other states in adopting a Commercial Property Assessed Clean Energy program, which allows owners to take out loans that are repaid through surcharges on their municipal property taxes, typically over a 10-year period.

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