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Tech Advice
Home›Tech Advice›Guide to Solar Panel Incentives and Installers in Colorado

Guide to Solar Panel Incentives and Installers in Colorado

By Matthew Lynch
July 8, 2023
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Introduction

Colorado, famous for its picturesque landscapes and booming outdoor industry, is increasingly becoming a hotbed for solar energy. With more than 300 days of sunshine per year, it’s no wonder that Coloradans are exploring the exceptional benefits that solar energy provides. If you’re considering a transition to renewable energy, let this guide take you through various solar panel incentives and reputable installers in Colorado.

Solar Incentives in Colorado

1. Federal Investment Tax Credit (ITC): This tax incentive is available nationwide and currently offers a 26% credit on the cost of your solar installation, which decreases slightly to 22% for systems installed after 2022. The ITC is expected to be phased out in 2024, so it’s essential to take advantage of this incentive while you can.

2. Colorado State Sales Tax Exemption: Before buying a solar panel system, you should know that its cost is exempt from state sales tax. This incentive helps reduce the overall cost of going solar in Colorado.

3. Net Metering: Residential and commercial customers connected to Xcel Energy, Black Hills Energy, or any investor-owned utilities in Colorado can benefit from net metering policies. When your solar panel system generates surplus power, this unused electricity is sent back to the grid and monitored by your utility company – resulting in credits on your bill.

4. Solar Rewards Program: Offered by Xcel Energy, this incentive rewards solar panel owners with an additional rebate based on production for the first ten years after installation. The program operates through a receding scale; thus, it’s advised to utilize this incentive sooner rather than later.

Evaluating Solar Installers

When assessing reputable installers within Colorado, consider these factors:

1. License and insurance: Ensuring that your installer has appropriate licensing and insurance coverage is crucial for the correct installation and maintenance of your solar system.

2. Experience: Choose a company with a substantial amount of experience in solar installations to avoid potential issues during and after the process.

3. Reviews and references: Researching reviews from customers who have used their services can bring you closer to an informed decision. Asking for references is also helpful in getting a comprehensive understanding of the installer’s work quality.

Top Solar Panel Installers in Colorado

1. Namasté Solar: This locally owned company is recognized for its employee-centered approach to sustainability. It has completed over 8,000 solar panel installations in Colorado since 2005.

2. Blue Raven Solar: With nationwide operations and decades of experience, Blue Raven focuses on providing affordable solar solutions while upholding a strong commitment to environmental responsibility.

3. Sunrun: As one of America’s largest residential solar providers, Sunrun offers customized solutions for clients in Colorado – ensuring efficient performance and sustainable energy generation.

4. Photon Brothers: Founded in 2016, this family-owned company is known for its excellent customer service, offering efficient installation timelines and quality brands like Panasonic.

Conclusion

Making the switch to solar energy in Colorado comes with significant benefits, particularly with the availability of attractive incentives like the ITC and Solar*Rewards Program. As you explore prominent installers like Namasté Solar and Blue Raven, remember to take your time evaluating their qualifications – ensuring that you enjoy seamless installation at an affordable price!

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