Adding a solar panel system to your home can bump down your energy bill. It can yield even greater savings if you make the most of the tax incentives, rebates and favorable financing programs available to you.
Coloradans can bring down solar panels’ significant cost by thousands of dollars thanks to the federal tax credit. But the savings opportunities don’t stop there. A wide variety of statewide and local incentives can chip some more off the price.
Policies change from time to time. Be sure to confirm incentives still exist and haven’t changed since this writing and, if you don’t see your town or utility on this list, double check for yourself to make sure it hasn’t added an incentive you could claim.
Comparing Colorado incentives for solar panels
<figure section="table" type="GeekboxChart" chart="{"chart":[["Colorado incentive","Description","Eligibility","Estimated value"],["Federal solar tax credit","Get an income tax credit worth 30% of the cost of your solar installation.","Anyone with a tax liability.","Varies (e.g. Receive a $7,200 credit for a system costing $24,000.)"],["Solar sales tax exemption","Sales tax exemption on solar equipment","Residents of Colorado","Avoided sales tax at 2.9%"],["Energy Smart rebate","A rebate on the costs of energy efficiency upgrades.","Residents of 18 Colorado counties","Varies by project and income level."],["High Country Conservation Center rebate","Separate rebates for solar panels and energy efficiency.","Homes in Summit County","Up to 100% of the project cost, up to $4,000. ($1,500 for solar.)"],["Cloud City Conservation Center energy improvement rebates","Rebates for home energy assessments.","Residents of Lake County","Up to 50% of the total project cost, up to $300 per household."],["ReEnergize Garfield County","Rebates for home energy assessments.","Low and moderate income households in Garfield County","Maximum rebate ranges from $2,000 to $4,000 based on income."],["Residential CORE Rebates","Reimbursement for home energy improvements.","Residents in Roaring Fork Valley (Pitkin County and parts of Eagle County)","Maximum of $7,500 or $15,000 depending on income."],["Energy Smart Colorado","A statewide initiative that partners with utility companies and organizations","Homeowners in Colorado","Varies"]],"chartName":" ","headingRows":""}” edition=”us” class=”c-shortcodeChart”>
