What financial incentives are currently available in the state of Colorado?
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Colorado residents and businesses can benefit from both Federal and State financial incentives: (1) the Emergency Economic Stabilization Act of 2008 provides a 30% federal tax credit for solar electric systems installed on homes and businesses through December 31, 2016; and (2) Colorado’s Amendment 37 (A37) and House Bill 1281 (HB1281) call for many of the state’s utilities to provide financial incentives in the form of cash rebates. Xcel Energy, for example, currently provides a total of $3.50 per watt of installed system capacity. Click here for more information about rebates, tax credits and incentive programs.
Colorado residents and businesses can benefit from both Federal and State financial incentives: (1) the new Federal Energy Bill provides a 30% federal tax credit for solar thermal systems installed on homes and businesses (there’s a $2,000 cap for residences and no cap for businesses). (2) Colorado’s Amendment 37 (A37) calls for many of the state’s utilities to provide financial incentives in the form of cash rebates for solar electric systems, making these almost competitive with thermal systems.
