Saturday, April 20

Colorado Solar Incentives: Tax Breaks, Rebates, Net Metering and More

Including a photovoltaic panel system to your home can bump down your energy expense. It can yield even higher cost savings if you maximize the tax rewards, refunds and beneficial funding programs offered to you.

Coloradans can lower photovoltaic panels’ considerable expense by countless dollars thanks to the federal tax credit. The cost savings chances do not stop there. A wide array of statewide and regional rewards can chip some more off the rate.

Policies alter from time to time. Make sure to verify rewards still exist and have not altered because this writing and, if you do not see your town or energy on this list, check on your own to ensure it hasn’t included a reward you might declare.

Comparing Colorado rewards for photovoltaic panels Colorado reward DescriptionEligibilityEstimated valueFederal solar tax credit Get an earnings tax credit worth 30% of the expense of your solar installation.Anyone with a tax liability.Varies (e.g. Receive a $7,200 credit for a system costing $24,000.)Solar sales tax exemption Sales tax exemption on solar equipmentResidents of ColoradoAvoided sales tax at 2.9%Energy Smart refund A refund on the expenses of energy performance upgrades.Residents of 18 Colorado countiesVaries by task and earnings level.High Country Conservation Center refund Separate refunds for photovoltaic panels and energy efficiency.Homes in Summit CountyUp to 100% of the job expense, as much as $4,000. ($1,500 for solar.)Cloud City Conservation Center energy enhancement refunds Rebates for home energy assessments.Residents of Lake CountyUp to 50% of the overall task expense, as much as $300 per household.ReEnergize Garfield County Rebates for home energy assessments.Low and moderate earnings homes in Garfield CountyMaximum refund varies from $2,000 to $4,000 based upon income.Residential CORE Rebates Reimbursement for home energy improvements.Residents in Roaring Fork Valley (Pitkin County and parts of Eagle County)Maximum of $7,500 or $15,000 depending upon income.Energy Smart Colorado A statewide effort that partners with energy business and organizationsHomeowners in ColoradoVaries Colorado state solar tax exemptions and loan programs

Here are some programs in the state that can assist you save money on the expenses of setting up a home photovoltaic panel system.

Solar sales tax exemptions

Colorado does not gather sales tax on purchases on solar power and storage devices. This consists of not just photovoltaic panels and systems, however system elements and supporting structures and racks.

Colorado Residential Energy Upgrade (RENU) Loan Program

This unique loan program is a collaboration in between the Colorado Clean Energy Fund and Colorado cooperative credit union. Qualified house owners can obtain as much as $75,000 for their home solar, battery storage or water heater. There’s no deposit; low, set rates of interest and a 20-year loan term.

Regional photovoltaic panel rewards in Colorado

Here’s a take a look at a few of the regional solar and energy effectiveness refunds readily available in Colorado.

Energy Smart Colorado refunds

Energy Smart Colorado is a not-for-profit that has actually coordinated with 10 neighborhood partners to make home energy performance cost effective in 18 counties in the state. This consists of home energy evaluations,

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