SUNBEAM INNOVATIONS
Colorado has positioned itself as one of the most solar-friendly states in the nation. While the federal government provides the bulk of the tax relief, the state of Colorado and local utility companies offer massive exemptions and performance-based incentives.
The most lucrative incentive is the Federal ITC. You are allowed to deduct 30% of the total gross cost of your solar and battery system directly from your federal income taxes. There is no cap on this credit, meaning a $25,000 system generates a $7,500 tax credit.
Colorado entirely exempts solar equipment from state sales and use taxes, saving you roughly 2.9% (plus local taxes) immediately at the point of sale. Furthermore, under Colorado law, the added equity that a solar system brings to your home is 100% exempt from property tax reassessments. You get the higher resale value without the higher annual tax bill.
If you are an Xcel Energy customer, you can participate in the Solar*Rewards program. This is a performance-based incentive where Xcel pays you for the Renewable Energy Credits (RECs) your system generates, effectively sending you direct payments based on your system's production.
Our engineers will build a custom solar blueprint engineered for your operation — backed by 30-year linear warranties and Tier-1 equipment.
