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Commercial Solar Incentives

 

Let Sunlight power your business.

 

 

In addition to the 30% Federal Tax Credit, utility incentives in Colorado can greatly reduce the cost of going solar.

 

RPS & REC

In 2004, Colorado became the first state to establish a Renewable Portfolio Standard (RPS), requiring utility companies to generate or purchase a percentage of their energy from renewable, distributed sources. From 2007 – 2010, the RPS requirement was increased from 10% to 30% by 2020. In future years, this percentage is likely to increase due to environmental benefits of green energy, which means Colorado utilities will continuously support residential and commercial solar. With Colorado’s high RPS requirements and the rising trend of electricity rates (which are likely to increase as fossil fuels become less cost-effective), solar energy is becoming more and more intuitive.

Utility companies meet RPS requirements by purchasing Renewable Energy Credits (REC) from distributed sources. Each utility company must generate a certain amount of REC’s per year, but the cost per REC is different for each utility company.

Customers generate renewable energy credits for the amount of power their solar panels produce. 1 REC is equal to 1000 kWh produced. If your utility company has a solar incentive program, they will purchase the RECs that you generate at a contracted price. Here are links to incentive resources for some of the Colorado Utilities we work with:

 

Colorado Springs Utilities
Xcel Energy
Intermountain Rural Electric Association (IREA)
Black Hills Energy
Mountain View Electric Association
San Isabel Electric Association
Southeast Colorado Power Association
Mountain Parks Electric, Inc.
City of Fort Collins Utilities

 

MACRS

To help recoup the cost of commercial solar, each business can depreciate their system over a 5-year period with the Modified Accelerated Cost Recovery System (MACRS). The depreciation schedule follows the 5-year property half-year convention:

 

Year MACRS
1 20%
2 32%
3 19.20%
4 11.52%
5 11.52%
6 5.76%

 

 

C-PACE Financing

Sunlight Solar Energy is a Renewable Energy Contractor with Colorado’s C-PACE program, or Commercial Property Assessed Clean Energy. See the current list of participating counties.

C-PACE allows building owners to finance qualifying energy efficiency and clean energy improvements by placing a voluntary assessment on their property tax bill. Click here or play the video below to learn more about this program.

 

 

 

 

Still have questions about what you can save by going solar?

Our experts are here to help! Fill out the form below to get started with a custom solar estimate for your commercial property.

 

 

Schedule a Free Consultation - CO

What you get with a free consultation:

1. A solar professional will contact you to answer any of your questions and create an estimate for solar on your property.

2. You have the option of receiving an online quote from our system designers based on your monthly electricity usage or scheduling a complimentary site assessment to meet with them in-person.

3. We’re experts in sizing systems to fit your building and budget. We will work with you to create the energy system you're looking for.

4. We determine which solar rebates, credits, and incentives you can receive and will calculate a precise return on investment for your system.

5. We provide a wide variety of financing options to help you find a solar loan that suits your needs.

6. We communicate with local jurisdictions, utility companies, and HOAs to ensure that your project will be approved and completed in a timely manner.

7. Lastly, you are in no way obligated to purchase a system from us by submitting this form. Our goal is to inform you about your options with solar and what you can save over the life of a system.

••• Sunlight Solar will never sell your information to a third party. Phone numbers, emails, and addresses are for the sole use of Sunlight Solar employees to contact you and determine if your property is viable for solar installation. •••
  • Please tell us the name of your electricity provider.
  • This helps us determine the system size you will need.
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  • Share additional details about your project.