SOLAR TAX CREDITS AND REBATES
26% Federal Tax Credit Depreciation
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Residential Solar Tax Credits and Rebates
In Colorado, Amendment 37 was passed as a voter initiated proposal to require more renewable energy provisions in our state. Regarding solar specifically, those utilities that have 40,000 customers or more are required to have a certain percentage of their power come from solar electricity. In Western Colorado, this means that Xcel Energy must comply with Amendment 37 and the only feasible way to meet this goal is to offer rebates.
Therefore, if your utility provider is Xcel Energy, there are incentives available through their Solar Rewards Rebate Program. Some smaller co-ops and local utility providers are also offering their own rebate programs. Others have opted out.
The SunPower lease also takes advantage of these incentives to bring homeowners a choice in their power provider. Because incentives are available with Xcel Energy, SunPower is able to offer homeowners a monthly payment system through their SunPower Lease Program.
Whether you decide to make monthly payments through a lease program, finance a system, or buy it outright, High Noon Solar will guide you through the steps needed to receive incentives, if they are available to you. We do all of the incentive paperwork for you.
Give us a call today, to see what options are available.
970.241.0209
Commercial Solar Tax Credits and Rebates
Colorado’s Amendment 37 was passed as a voter initiated proposal to require more renewable energy provisions in our state. Regarding solar specifically, those utilities that have 40,000 customers or more are required to have a certain percentage of their power come from solar electricity. In Western Colorado, this means that Xcel Energy must comply with Amendment 37 and the only feasible way to meet this goal is to offer rebates. Therefore, if your utility provider is Xcel Energy, you get a rebate amount back of 30-40% of the installed cost of the system. Some smaller co-ops and local utility providers are also offering their own rebate programs. Others have opted out.
FEDERAL TAX INCENTIVES FOR COMMERCIAL INSTALLATIONS
In addition to the Xcel Energy rebate, there is a federal commercial solar tax credit available for 30% of system cost creating a very inviting situation to add solar to a business. This 30% tax incentive leaves the bottom number of a commercial solar electric system extremely small. Pair the Xcel Energy rebate with the federal tax incentive and then add on the accelerated depreciation of this system, considering also the free power created by the system each year, and you have created a situation in which a commercial solar system seems impossible to say no to.
Give us a call today, to see what we can do for your business.
Contact
569 S. Westgate Dr. #2
Grand Junction, CO 81505
About Us
High Noon Solar is an innovative, community-based solar sales, installation, and maintenance company located in Grand Junction on Colorado’s Western Slope since 2005.