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Colorado Solar Costs

Why be at the mercy of utility companies and their rising rates? Installing Colorado solar panels enable you to take control of your electricity costs. Just like sunshine, solar panel rebates and incentives are abundant in Colorado.

Commercial and residential solar panel systems are well within your reach. Solar installation is a brilliant investment thanks to a variety of solar panel rebates, incentives and tax credits. The average Colorado solar panel system can pay for itself in just a few short years while guaranteeing unbelievable energy savings in the future.

In Colorado, residents can obtain a federal tax credit of 30% of the cost of an installed solar PV system. Xcel Energy and Black Hills Energy offer two solar incentives for solar panel installation. These are straight rebates ranging from $1.75 to $2.00 per watt. The other is a Renewable Energy Credit (REC) for Colorado solar panel installation. Renewable Energy Credits are produced by any green/renewable source of power. When you put your solar panel system to work, Xcel Energy or Black Hills Energy will purchase all the RECs that are scheduled to be produced by your Colorado solar power system over 20 years. Holy Cross, Aspen Municipal, Aquila, Pepco and Colorado Springs Municipal also offer similar budget programs.

Solar financing programs help make solar power a viable option. Colorado's PACE (Property Assessed Clean Energy) program eliminates your upfront solar panel system cost by providing a tax assessment to be applied to the property over 20 years. If you decide to sell your home, the remainder of the loan will be the responsibility of the new buyer.

Net metering is available in Colorado. Net metering enables home or business owners with solar panel systems to sell back the excess energy their solar system produces, but they don't use. The additional power can be used as credit to pay for any electricity that is obtained from the grid or the utility company can cut you a check. Not only is home solar saving you money, it's making it possible for you to make a profit.

Low-cost solar installation is a wise investment because it can substantially add to the value of your home. A Colorado solar power system will increase the desirability and resale value of your residence. A home with a fixed electric bill thanks to clean solar power is less expensive to live in and immune to rate hikes forever. This makes it very appealing to potential buyers.

Colorado solar costs are more affordable than ever! It's tough to figure out the precise cost of solar panel installation for your home or business until you obtain a free solar home evaluation from a qualified solar installer. For a rough estimate, use a solar panel cost calculator. A solar calculator can give you an idea of the cost and size of the solar panel system needed for your energy usage. However, a solar panel cost calculator does not take into account federal, state or local solar rebates that will drastically reduce your Colorado solar costs.

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