ORION SMART POWER
Offering 300 days of sunshine per year and mild weather, Colorado enjoys an abundance of solar energy. This helps make up 86% of its buildings solar-viable with a yearly capacity of 24.7 million MWh AC. It is no surprise that Coloradans are passionate about protecting their environment. To this end, state legislation has set goals for reducing greenhouse gas emissions by at least 26%, 50%, or 90% respectively in 2025, 2030, and 2050.
Currently rated 14th among other US states for installed solar power, Colorado has over 1,700MW installed with enough clean energy to power approximately 340,000 homes or provide 4.12% of the electricity used in CO. With $4.3 billion already invested in solar systems across 80,000 individual installations, Colorado is becoming a leader nationally in terms of renewable energy implementation and usage - setting an example to be emulated by other states!
4 Reasons Why It’s Worth Going Solar in Colorado
Add battery storage to your solar system so you can rely on clean energy and disconnect from the grid during outages.
COUNT ON SAVINGS
Reduce your carbon footprint while harnessing the power of the sun. Solar panels take advantage of this by providing consistent, reliable power.
LOWER YOUR FOOTPRINT
Solar power has many advantages over fossil fuels as a renewable energy source. It is a more viable option for your home, community, and the environment.
INCREASE HOME VALUE
Due to the increasing popularity of solar-powered homes, they stand out, resulting in immense profits as they sell faster and at a higher value in the national real estate market.
Available Solar Incentives in Colorado
Incentives help lower the cost of your solar energy system. Those available in Colorado include:
Solar Tax Credit: Most solar energy installations are eligible for the Residential Clean Energy Credit, previously called the Solar Investment Tax Credit (ITC). Eligible homeowners can deduct up to 30% of their solar power system’s costs from their total tax liability for the year of installation.
State Property Tax Exemption: Solar has been shown to increase the value of your home. Colorado exempts this addition from your property taxes, meaning you don’t pay extra taxes because you got solar panels.
Sales Tax Exemption: Solar is exempt from Colorado state’s sales and use tax.
Utility Incentives: Xcel Energy’s Solar Rewards program for residential systems has reached funding limits at this time. Some electric cooperatives and municipal utilities may offer solar rebate programs to offset the cost of your system even further.
Switching to solar is easy with ORION
Orion Smart Power is one of the country’s fastest-growing companies. We actively install in twenty states. Not in one of these states?
Please contact us to see if we’re in your area.