MAKE COLORADO MORE COLORFUL WITH SOLAR
Why go solar in Colorado
With over 300 sunny days per year, solar just makes sense in Colorado! Colorado was one of the first states to have a Renewable Energy Standard and is currently at over 297,500 solar powered homes.* Be part of the solution by going solar. Not only is it a way to reduce greenhouse gas emissions, but it could help you save money.
Solar incentives in Colorado*
The state mandates alll utilities with 5,000 customers or more to offer net metering. Customers may roll over excess credits indefinitely or cash out at the end of the 12-month cycle. Colorado also offers some property tax and sales tax deferments for solar. Solar energy improvements are exempt from property tax assessments in some areas. Going solar may add value to your home, but you won’t be assessed for the value of the solar if property tax assessment is deferred.
Local energy utility providers have their own programs. For example, if you live in Fort Collins, you may qualify for a $250/kW incentive up to $1,000. Those in Colorado Springs can get an $80/kW incentive. Check with your local utility company for information about specific incentives in your area.
Colorado homeowners are also eligible for the Solar Investment Tax Credit (ITC).*** The ITC allows you to deduct 26 percent of the cost of installing a solar energy system from your federal taxes.
Solar panels perform in all kinds of weather
Going solar is a big decision, and although there are many factors you should consider, local weather shouldn’t be a deterrent. Solar panels are designed to work in almost any type of weather… even snow and clouds!
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*This information is current as of May 5, 2021 and figures are only approximations. Customers are encouraged to check with their local utility providers for the most up to date and accurate information.
**We advise you to consult with the appropriate professionals (including, but not limited to, your solicitor or attorney, accountant, CPA, CGA, or any other financial or legal advisor) for the implications of any information contained in our website and in any link you access through our website.
***You should contact a qualified tax expert and consult with them. Neither Freedom Forever’s family of independent authorized dealers nor Freedom Forever itself can give you tax advice. A qualified tax professional will understand your situation and be able to give you the most relevant advice.