The 30% Federal Tax Credit is available to all taxpayers who choose to go solar. For additional savings, local incentives provided by your state and utility can help reduce the cost of going solar.
Colorado Solar Incentives
In addition to the 30% Federal Tax Credit, solar incentives available to Colorado Springs residents can greatly reduce the cost of going green.
Business and residential customers of Colorado Springs Utilities are eligible for a $0.20 per watt rebate when they go solar.
How it works: CSU’s Renewable Energy Program for Photovoltaics (PV) supports net metering for all customers who choose to go solar. When a PV system interconnects with your building’s new net meter, CSU will send you a check based on your system’s AC size. Homes that use an average 6,375-watt system will receive a check for $1,275 from Colorado Springs Utilities under this rebate.
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.
Three Ways to Get Started
Three Ways to Get Started
Take a look at our featured options to determine what works best for you. If you’re ready to take the next step, give us a call (Mon-Fri, 9:00-4:00) or fill out our Free Quote form anytime.
“They installed our panels flawlessly and even replaced our circuit breaker since ours was outdated. We got several quotes, and they were by far the most reasonably priced. Ever since, we have been saving money and feeling good about supporting a clean energy industry.”
“Sunlight Solar was professional from start to finish. The employees of this organization are exceptional in the fact that they all took pride in everything they did and it showed in the work that was completed.”
“Sunlight Solar did an amazing job on installing our solar power system. It looks beautiful, it was done quickly and efficiently, and it works perfectly. Best of all, Sunlight Solar’s customer service, professional approach, and demeanor were top notch. I had never heard of this company before we hired them and we are so glad that we did. They blew us away with all aspects of their business. They also went out of their way with further support at no charge to ensure we were happy, that our questions were answered, and that we had everything we needed and were comfortable with the system.”
“The system was the best price out of over 10 companies I had quoted… Highly recommend these guys and they were extremely professional in all aspects of the install. They even after the install added a critter guard to protect against birds and rodents.”
“Very professional group. Good quality products. Clean installation. We just went fully active a couple weeks ago and production looks really good.”