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September 29, 2015

Study: CT solar has $6.2B in untapped potential

Greenskies website A Greenskies Renewable Energy solar array on the roof of Walmart in Manchester.

A study released Tuesday by a California research firm says Connecticut’s mid-sized commercial solar market has $6.2 billion in untapped potential.

Santa Barbara-based Wiser Capital calculated that Connecticut has 5,802 commercial rooftops with no renewable energy that could host suitable solar systems of at least 350 kilowatts.

Based on Wiser’s calculation of an average cost of $3.07 per watt to install a solar system, the state has $6.2 billion in solar potential.

Wiser’s study actually showed 25,357 commercial rooftops in Connecticut had solar potential, but it discounted a large portion of those for not being suitable due to ownership and business viability.

The purpose of the study, which looked at nine states in the Northeast, was to show that even though the region doesn’t have strong sunlight like Florida or Arizona, it has a significant market for solar systems because utility rates are higher here, making solar arrays more economical.

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