Colorado Rebate For Solar Panels

The federal solar tax credit gives you a dollar for dollar reduction against your federal income tax.

Colorado rebate for solar panels.

Once again depending on where you live in colorado this can represent at least a savings of 2 9 on the cost of your solar modules inverters racking wiring and other components. 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. Many utility companies and energy smart colorado partners offer rebates for completed energy improvements. Rebates residential customers can receive rebates up to 1 500 for a solar pv installation.

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. Some energy efficiency measures require little funding for improvements with a higher cost we have cash back rebates and loans. The tax break reduces. A few colorado towns offer solar incentives.

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. Rebates of anywhere from 400 to 3 000 depending on where you live are available for solar installations on homes in eagle valley roaring fork valley and summit county. For example the cities of aurora and lakewood will refund 100 of the solar installation permit fee. Again look to your local solar professional to explain the details.

To calculate the pv system s ac output a de rating factor is used to account for shading and suboptimal orientation or tilt. Colorado has long been a leading state in the national initiative for solar power and renewable energy. 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. Don t let the cost of energy efficiency upgrades be a barrier to making the energy smart choice.

These are just two examples but more local incentives are available be sure to explore the options available in your area.