Many home and property owners in the Denver area want to experience the benefits of clean solar energy but worry about the upfront cost of going solar. Fortunately, a number of factors are making solar more affordable than ever.
Thanks to dropping solar prices, valuable utility rebates, and federal tax incentives, going solar has become more affordable than you might think. Solar prices in Colorado have dropped as much as 36% over the past five years, and local utility companies are offering valuable rebates and incentives to home and property owners who are going solar. In addition, the current 26% federal solar tax credit in 2021 can lower the net cost of your renewable energy system significantly.
AVAILABLE SOLAR REBATES IN THE DENVER AREA
If you’re thinking about installing solar panels on your home or property in the Denver area, it’s important to know what solar rebates may be available from local utility companies. Currently, you may qualify for rebates from Xcel Energy, Colorado Springs Utility, or Fort Collins Utility.
XCEL ENERGY SOLAR*REWARDS® PROGRAM
Xcel Energy is offering a performance-based incentive (PBI), called the Solar*Rewards program where customers could receive $0.07 per kilowatt hour (kWh) that their system produces. This incentive applies to systems that range from 0.5 kW to 40 kW in size. Customers are also eligible for net energy metering.
COLORADO SPRINGS UTILITIES RENEWABLE ENERGY REBATES
Colorado Springs Utilities is offering customers a rebate of $0.10 per watt for new solar installations. This rebate applies to both residential and commercial systems and with tax incentives can ultimately help you cover up to 40% of total system cost. Check with the utility for up-to-date rebate incentives.
FORT COLLINS UTILITIES SOLAR REBATES
Fort Collins Utilities is offering homeowners rebates of up to $1,000 for new system installations. Customers may also receive credit for the electricity generated by their PV system through the utility’s net metering program.
GET MORE FROM YOUR SOLAR INVESTMENT WITH CAM SOLAR
With these valuable rebates and incentives, installing a solar PV system offers a higher return on investment than ever before. With your newly installed system, you’ll gain access to benefits like lower electricity bills, a minimal carbon footprint, and higher property value, all while saving as much money as possible.
With CAM Solar, saving when you go solar is simple. We make the process of qualifying for rebates easy by handling the entire paperwork process for you. As an award-winning solar design and installation team and a registered contractor with local utility companies, we understand the details of these local rebates and incentives. We’ll help you design a cost-effective solution that maximizes your return on investment.