Solar Panels Colorado Rebates

All of the financial benefits listed below go to the owner of the solar panel system.

Solar panels colorado rebates. Colorado ranked 11th in the nation for installed solar capacity with 925 8 mw of solar energy installed as of 2016. The solar energy sector in colorado has created new opportunities in electricity generation research and development and manufacturing. If you buy your system in cash or with a solar loan that means you also get the tax credits rebates and srecs for the system however if you lease your system the third party owner will receive all of the solar incentives. According to the solar energy industries association.

Lots of sunlight state rebates property and sales tax exemptions plus the federal government 30 tax credit for the whole installed cost of your system are compelling reasons to go solar in colorado. Rebate amounts are calculated based on 0 50 watt of dc system generation capacity and include a 20 year renewable energy credit rec assignment to fort collins utilities. To calculate the pv system s ac output a de rating factor is used to account for shading and suboptimal orientation or tilt. If you re an xcel customer over half the state you can qualify for a special program called solar rewards which earns you an extra few cents for every kilowatt hour kwh of electricity your solar panels generate.

Not only will you get paid for any extra energy you generate thanks to colorado net metering you ll also be rewarded for producing clean energy and won t even have to pay any taxes on your new system. An average sized residential solar system about 400 square feet of solar panels costs 18 000 according to the solar energy industries association an industry group. Rebates residential customers can receive rebates up to 1 500 for a solar pv installation. Colorado solar power rebates varies by utility grade.

That s why sunrun is here to make your life easier with our solar lease brightsave. Solar renewable energy credits or srecs are another way that colorado helps homeowners save on solar. We ll hold the srecs and pass the savings onto you in the form of a lower kwh rate that pays for. The real vein of rockies gold for solar comes from colorado s utility companies.

3 however srecs are only available when you purchase your system and that can get complicated fast. Through its renewable energy rebate program colorado springs utilities csu offers a rebate to customers who install grid connected solar electric photovoltaic or pv systems. They have to meet the state s rps guidelines so they re willing to help you put solar on your roof just for joining the world of electricity generation. The centennial state makes it pretty beneficial for you to have solar.

The best solar rebates and tax breaks in colorado. Colorado offers sales and property tax exemptions that reduce the up front and long term costs of going solar.