Aside from the power output and efficiency of the solar equipment you choose to install, the amount of energy you generate with solar panels in Colorado is directly related to the amount of sunlight that hits your panels. Fortunately, Colorado receives over 300 days of sun a year. This allows homeowners to maximize electricity production and savings by opting for solar panel installation in Colorado.
There are additional factors that determine how much solar electricity you can produce: shading, panel orientation, and panel angle are all important in calculating your production estimate, a prediction of how much energy your solar installation in Colorado will produce over time.
Improvement and Development of Solar Technology
Solar technology is improving every year and has experienced significant growth in the last decade. Advancements in solar technology, increased demand, and a more crowded marketplace mean that the price of solar panel installation has fallen considerably; it's almost 50% cheaper to install a solar system today than it was 8 years ago. This means solar panels produce more solar power than ever before with fewer solar panels required.
Solar Panel Savings
With improvement in solar technology come decreased costs. In fact, the cost of solar panels has fallen 43% over the last 5 years according to SEIA. Once the solar panels are installed by the best solar companies in Colorado, there are no more running costs to worry about. Occasionally you'll want to get your solar panels cleaned to make sure they're getting as much sunlight as possible. Additionally, by generating your own free energy you will need to buy less from your energy supplier and save money. The more of your own energy you can produce the less you will have to worry about rising energy prices.
Colorado Sunshine
As previously mentioned, Colorado is known for becoming more and more eco-friendly as time goes by. Even on cloudy days, your solar panels will generate electricity. Solar panels react to the visible light spectrum. This means, if it’s light enough to see, there’s enough light for solar panels to start generating electricity. Still, with the abundance of sunshine available, solar panels are especially effective at producing solar energy all across Colorado. More sunshine means more savings.
Colorado solar incentives
Colorado is becoming known for its great solar incentives and programs, which are considered some of the best in the country. The Centennial State makes it pretty beneficial for you to have solar installed by an experienced solar energy company in Colorado. Not only will you get paid for any extra energy you generate, thanks to Colorado net metering, but you’ll also be rewarded for producing clean energy and won’t even have to pay any taxes on your new system.
Carbon Footprint Offset
Solar energy is not only sustainable but also renewable, which means that we will never run out of it. It is about as natural a source of power as it is possible to generate. Not only are we able to refuel our vehicles with it, but we can also heat our water and light our homes.With the growth of solar energy companies in Colorado, the cleanest form of electricity is now available at your place also, and is the best option for today and the future.
Tax exemptions for renewable energy equipment
Thanks to some helpful CO tax breaks for solar panel installation in Colorado, you won’t have to pay the government anything for the installation of your new solar panels by solar panel companies in Colorado. First, the Sales and Use Tax Exemption for Renewable Energy Equipment means that there won’t be any sales tax on the purchase of your system. Second, the Property Tax Exemption for Residential Renewable Energy Equipment keeps you from having to pay any additional taxes on the increased value of your house.
Colorado community solar
If you are renting your apartment, don’t own your property or your home doesn’t have a roof suitable for solar, you can still get benefits. CO is one of the earliest proponents of community solar, which allows interested residents to subscribe to an off-site solar array, effectively offering you the benefits of solar without installing panels on your roof.
Net metering in Colorado
When you put solar panels on your roof, you want to ensure you get credit for all of the power your system generates. Luckily, Colorado has a net metering policy that credits you for the extra electricity your system produces and allows you to use those credits when your system doesn’t generate enough power.
The federal solar tax credit
Most importantly, don’t forget about federal solar incentives! With the Investment Tax Credit (ITC), you can reduce the cost of your PV solar energy system by 26 percent. Keep in mind that the ITC applies only to those who buy their PV system outright (either with a cash purchase or solar loan) and that you must have enough income for the tax credit to be meaningful.
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