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Fractionalization in a square-lattice model with time-reversal symmetry

We propose a two-dimensional time-reversal invariant system of essentially non-interacting electrons on a square lattice that exhibits configurations with fractional charges e/2. These are vortex-like topological defects in the dimerization order parameter describing spatial modulation in the electron hopping amplitudes. Charge fractionalization is established by a simple counting argument, analytical calculation within the effective low-energy theory, and by an exact numerical diagonalization of the lattice Hamiltonian. We comment on the exchange statistics of fractional charges and possible realizations of the system.