Both the state and federal governments are taking steps to encourage families and business owners to switch to solar. This means offering great financial incentives to make it more accessible on any budget. Discover these benefits for yourself.
Federal Solar Tax Credit
The federal solar tax credit can help you reduce the cost of your new system by as much as 26% if you buy your system outright. For these purchases, the government will issue a tax credit when you file your taxes. However, this credit is reduced to 22% in 2023 and expires in 2024.
Colorado State Solar Panel Incentives
Colorado offers some of the best solar panel incentives in the country, including net metering. Net metering allows you to receive credits for the extra energy your solar panels generate and use those credits for months when your panels don’t generate enough. These credits can be worth up to 120% of the extra energy you produce. Additionally, many local utility companies offer rebates for installing solar panels.
Laws Regarding Solar Panel Installation in Colorado
Are you worried your property taxes will go up if you increase the value of your home by adding solar panels? Are you worried your homeowner’s association won’t approve? Fortunately, the state of Colorado has laws prohibiting towns from raising your property taxes due to solar panel installation and prevents HOAs from limiting your right to solar panels.
Why Choose Skyline Solar?
At Skyline Solar, we are committed to protecting Colorado’s beautiful natural habits and reducing the carbon footprint of our local communities. We are proud to be one of the top solar companies in the state of Colorado, with years of experience. Our team will not only provide quality installation but also expert guidance on the incentives you are entitled to.
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