Solar and Renewable Energy Rebates & Incentives
Brief Summary of Incentives in Colorado (details may change)
- Residential Systems (less than 10kW)
- $4.50 per DC watt rebate for Xcel customers
- Rebates vary for other electric utilities under Amendment 37 rules
- 30% federal income tax credit, after rebates (capped at $2,000)
- Small Commercial Systems (less than 10kW)
- $4.50 per DC watt rebate for Xcel customers
- Rebates vary for other electric utilities under Amendment 37 rules
- 30% federal income tax credit, after rebates (no cap)
- 5-year MACRS depreciation schedule
- Large Commercial Systems (more than 10kW)
- $2.00 per DC watt rebate for Xcel customers
- Multi-year payments for system REC production for Xcel customers
- Rebates vary for other electric utilities under Amendment 37 rules
- 30% federal income tax credit, after rebates (no cap)
- May be eligible for 5-year MACRS depreciation schedule
What this means in practical terms: utility, state, and federal incentive programs can reduce total out-of-pocket costs for a solar electric (PV) system by as much as 60-70%.
When considering the financial and tax aspects of a PV system, it is strongly recommended that you contact a professional tax advisor to inquire about your specific situation.
A site assessment provides more government and utility rebate and incentive details.
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