Colorado is seeing a surge in solar power adoption, with enough capacity to power over 838,462 homes. Both utility-scale installations and residential solar panels are contributing to this growth. Federal and state incentives, such as the 30% tax credit from the Inflation Reduction Act, are driving the solar industry in the state.
For residents looking to switch to clean energy, Colorado offers local incentives like net metering and property tax exemptions. This makes it easier for homeowners to make the transition to solar energy. With 409 solar companies operating in Colorado, there are plenty of options for those interested in solar panel installation.
Some of the top national solar companies in Colorado include Palmetto Solar, SunPower Solar, Freedom Forever, and Tesla Solar. Local installers like Solar Wave and Solar Side Up also offer competitive options for residents. Before choosing an installer, it’s recommended to get multiple quotes and consider factors like reputation, reviews, and warranties.
In terms of cost, the average price for a typical solar panel system in Colorado is $19,900 before incentives. The federal residential clean energy credit offers a 30% reimbursement on the total system cost. Other incentives in Colorado include property tax exclusions, sales tax exclusions, and net metering programs.
To finance solar panels, options like solar loans, leases, or power purchase agreements are available. It’s important to consider the payback period and compare financing options to find the best fit for your needs. Reach out to multiple installers for quotes and consult with organizations like Solar United Neighbors for additional assistance.