Colorado Solar Panel Program

Another choice that solar shoppers have to face is how to pay for a solar panel system.

Colorado solar panel program. Colorado solar power may save you money many coloradans don t realize the amount of money spent on their home energy use each year. To be eligible taxpayers must file a rebate application within 12 months of the city s final inspection. Colorado has a tremendous solar resource with the potential to produce hundreds of times as much electricity as the state consumes each year. The colorado energy office ceo has implemented two cost effective low income solar energy offerings as part of an effort to comprehensively address household energy burden community solar as a demonstration project and rooftop solar.

To calculate the pv system s ac output a de rating factor is used to account for shading and suboptimal orientation or tilt. You can immediately lower your monthly bills feel good about where you power is coming from. Boulder residents and businesses that have installed solar electric or solar thermal hot water systems on their property may be eligible for a sales and use tax rebate. Speaking of xcel they ve got a nice program called solar rewards which earns you a little extra money for every kilowatt hour of electricity your panels generate.

This question is defined as the solar payback period. Not to mention that colorado electricity rates increased from 5 95 cents per kwh in 1999 to 10 06 cents per kwh in 2014. All in all colorado is a great place to go solar and we know expert local installers. The federal solar tax credit itc don t forget about your federal solar incentives.

For colorado the average solar payback period is 11 13 years. Getting solar panels free in colorado through a solar leasing program is a great idea. Rebates are still available for residents of boulder and colorado springs too. The city may rebate approximately 15 percent of the city sales and use tax paid on materials and permits for the solar installation.

Due to the steep upfront costs of around 32 000 in cash only those upper income families can afford to install solar arrays. 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. Legislators on capitol hill recently approved an extension of the solar investment tax credit itc which is one of the most significant pv subsidies out there. In the next 10 years the average colorado homeowner may spend over 10 000 on electricity1.

Getting setup with a solar power lease is easy to you can contact sun run or solar city and they will do a site assessment and determine if you property would be a good fit for the solar program they are offering. Energy from the sun can be harnessed using different types of technology like photovoltaic pv panels that convert sunlight into electricity and solar thermal panels that use sunlight to heat water. Xcel energy offers the top utility net metering program in colorado.