There are many great benefits to installing solar panels in your home or business. Solar panels take advantage of the sun’s rays to produce an endless stream of energy, lowering your utility bills. Because of Colorado’s net metering laws, you could also receive credits from your energy company if your panels produce more energy than you use!
Discover Solar Panel Incentives and Tax Credits in Colorado
There are many federal and state tax incentives available to families in Colorado, making it easy to get quality service. See how much you could save.
Federal Solar Tax Credit
If you plan to install solar panels in the near future, it is a good idea to act fast as federal tax incentives expire soon. For solar panel installations completed before the end of 2022, you will receive a tax credit for 26% of your installation, including the battery. In 2023, the percentage drops to 22% and expires in 2024.
Colorado Net Metering
In Colorado, you could receive credits for up to 120% of the extra energy that your solar panels generate that you don’t use. These credits can be applied to your bill during months when your panels don't cover your electric use.
Local Rebates and Incentives
Several electric companies in Colorado, including Colorado Springs Utilities and EnergySmart Colorado, offer generous rebate programs designed to help you lower solar costs even further. At Skyline Solar, we can help you identify all the rebates you qualify for.
Laws in Colorado Regarding Solar Panels
Colorado is committed to promoting and protecting solar energy. There is no sales tax on solar panels, and you are exempt from property tax increases related to the increased value of your home due to solar panels. Additionally, homeowners associations in Colorado are not allowed to prevent you from installing solar panels.