Connecticut homeowners have a new option to get solar panels with no upfront cost, through Connecticut Solar Lease. Connecticut Solar Lease offers an option to homeowners who might think that the cost of solar panels puts them out of reach. The company installs the panels for free. Homeowners then pay a flat monthly rate and the solar power generated reduces their electric bill.

The monthly rate Connecticut Solar Lease is offering seems reasonable. It's based on the solar system size and ranges from $49 for a 2-kilowatt system to $238 for a 10-kilowatt system. The company does say that the actual payment can vary, based on the rebate amount you qualify for. Monthly rates are based on a 15-year lease, at the end of which a homeowner has the option of buying the panels at fair market prices, extending the lease or returning the panels to Connecticut Solar Lease. Homeowners are even offered the choice of installers when going through the solar lease program.

The leasing program is being offered by Connecticut Solar Lease in partnership with the Connecticut Clean Energy Fund, AFC First Financial Corporation and Gemstone Lease Management. The program seems to have been developed to take advantage of the Connecticut Clean Energy Fund's solar rebate program in particular.

Image — Connecticut Solar Lease