Solar SME

Colorado

Rocky Mountain National Park, Colorado

Make use of all the energy-rich sunshine of Colorado. In existing neighborhoods, recent technologies and rural communities, residential solar panels generate inexpensive, renewable electricity. The “work hard, play hard” lifestyle of Colorado is fueled by the heat. Our unsurpassed “bluebird” days are planned to play and fuel homes outdoors. The purpose for Colorado solar is to protect the environment, reduce the cost of electricity, create a stable grid and encourage a green energy economy. The goal of 14 localities across the state today is to have 100% renewable energy that is clean.
Taking energy cost regulation
Colorado homeowners, equivalent to the national average, pay about 12 cents per kilowatt-hour. But, for the next 25 years, the average estimated cost will be 22 cents per kilowatt-hour. You can minimize your costs today with solar and achieve energy security. The median cost of solar panels in Colorado is $3.25/watt. A standard 6-kilowatt device is $19,500 after the federal tax credit, and $13,656 after that. In Colorado, a typical solar installation has an average lifetime savings of $53,171. And an average-sized device has a payback period of just nine years, so rely on free energy for up to 16 years because your panels are under a 25-year guarantee.
Put power in your hands with Colorado Solar Incentives
Colorado has the ability to generate hundreds of times as much solar energy as it uses, and some of the best incentives for the nation to keep it powered. The state of Colorado has some of the best solar incentives and rebates available. It is pretty beneficial to have solar in Colorado. You get paid to generate extra amount of energy and also thanks to Colorado net metering, you also get rewarded to produce renewable energy. What’s amazing is that you don’t even have to pay taxes on your solar panel system! In case you don’t have your own property or can’t install solar panels on your own roof, don’t worry. Community solar in Colorado allows homeowners to subscribe to an off-site solar array. This can also help them take advantage of many solar incentives even without owning solar panels on their roof.

Net metering

Net metering with Xcel Energy
Xcel energy credits homeowners when the amount of energy their system produces is more than what they use from Xcel energy. In Colorado, Xcel energy’s net metering cap is 0%. Net metering credits can be applied in two ways. They can get the credits applied on kilowatt-hour (KWh) basis on their future bills to offset their energy consumption. Or they can get a cash payment per kWh based on the Average Hourly Incremental Cost of electricity from the previous year.

Local Solar Rebates In Colorado

Holy Cross Energy: They have a per-kilowatt (kW) rebate in order to reduce the cost of going solar for their customers. For the first 6 kW, the incentive is valued $750. An average 6kW system could save you around $4,500 on installation costs with this outstanding rebate.
Energy Smart Colorado: $300 to $4000 rebates are available for homes in Summit County, Roaring folk valley and Eagle valley

Tax Exemption

With many helpful tax breaks for solar in Colorado, you don’t have to pay the government anything to go solar. The Sales & Use Tax Exemption for Renewable Energy Equipment helps you get rid of any sales tax on the purchase of your equipment. Then, the Property Tax Exemption for Residential Renewable Energy Equipment saves you from paying any additional taxes on your home value increase.

Energy Smart Colorado Energy Efficiency Rebate Program

Energy Smart Colorado is the first inter rural consortium to introduce a robust energy efficiency residential program in the U.S. Through the Energy Smart Colorado program, residents of Roaring Fork Valley and Eagle, Gunnison, Lake, and Summit Counties are eligible for energy efficient and renewable energy assistance, rebates, and funding. The program helps homeowners to recognize, fund, and complete energy improvements.
Incentive Amount: 50% of project costs

Energy Efficient Mortgages

Energy-efficient mortgages may be used by homeowners to either fund upgrades in energy efficiency for existing homes, including green energy technology, or to boost their home purchasing power by purchasing a new energy-efficient home. These loans are funded by the U.S. federal government by insuring them through programs from the Federal Housing Authority (FHA) or Veterans Affairs (VA). This encourages energy conservation to be sought by borrowers who would otherwise be refused loans, and it secures lenders against loan default.

Renewable Energy Production Tax Credit

The Federal Renewable Electricity Production Tax Credit (PTC) is a kilowatt-hour (kWh) inflation-adjusted tax credit for electricity generated from eligible energy resources and sold by the taxpayer to an unrelated individual during the taxable year. For all facilities placed in operation, the length of the credit is 10 years from the date on which the facility is put into service.
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Solar Incentives By State