The state of Colorado offers its residents some of the best rebates and incentives for solar power equipment in the country. The state’s government has been very forward-thinking with the way it encourages its citizens to invest in renewable energy.
In Colorado, not only are you able to get paid for additional energy you generate through solar power, but you also get additional rewards for creating clean energy and will get huge tax breaks on the purchase of a new solar energy system.
Let’s take a quick look at some of the options available for savings for Colorado citizens interested in solar. Your general contractor in Littleton, CO can provide additional details.
Colorado wrote some tax breaks into state law, which means you don’t have to pay the government anything when you purchase new solar panels. There’s the Sales and Use Tax Exemption for Renewable Energy Equipment, which removes sales tax on the purchase of these items, as well as the Property Tax Exemption for Residential Renewable Energy Equipment, which shields you from any additional taxes resulting from the increased value of your home.
There are a variety of cities and towns in Colorado that have developed their own local initiatives to give their residents extra savings. The EnergySmart Colorado program is just one example, and affects homes in Eagle Valley, Summit County and Roaring Fork Valley. In those areas, there are available rebates of anywhere from $400 to $3,000 on solar equipment.
Another such program is the Holy Cross Energy rebate. Holy Cross gives customers a kilowatt rebate to reduce the cost of going solar. The incentive is $750 for the first six KW, and with this rebate homeowners installing a system can save up to $4,500 on their installation costs.
Another great incentive available in Colorado is that, if you purchase a new home, the state will help you pay your mortgage (to an extent) if you install energy efficiency upgrades and a renewable energy system (like solar) within the first 120 days of homeownership. This could allow you to save up to several thousand dollars.
The state of Colorado was one of the first in the nation to support a community solar initiative. Even if you do not own your home or property, or do not have a roof that is conducive to the installation of solar panels, you’ll be able to subscribe to off-site solar arrays that give you the benefits of using solar power without having to actually install the panels on your roof. This type of program is gaining momentum in other areas around the country, thanks in large part to Colorado’s leadership in implementing the measure.
These are just a few examples of some of the rebates and incentives available for solar power in the state of Colorado. For more information, contact a general contractor in Littleton, CO at Harrison Custom Builders, LTD today. We look forward to helping you get started on your project!
Categorised in: General Contractor