Colorado solar incentives can make alternative energy a great option for the commercial sector. This article will give you a quick overview of some of the tax breaks and rebates that are available for your company here in Colorado.
It’s important to note that Colorado is a net metering state. This means, by law, electricity consumers who generate solar power can receive a credit on their energy bill for any excess electricity they provide to the grid. Click here for all the details on net metering.
There are several other Colorado solar policies that have been put in place to help boost commercial solar adoption throughout the state. Read on for more information.
Renewable Energy Property Tax Exemptions
Commercial properties that have invested in renewable energy are eligible for property tax exemptions. Check here for all stipulations involved in this type of tax break.
Direct Lending Revolving Loan Program
Renewable energy projects for nonprofit, industrial, and commercial sectors can qualify for loans of $100,000 or more. This program was started by the federal American Recovery and Reinvestment Act of 2009.
County and Municipality Credits and Exemptions
Some municipalities and counties in Colorado offer their own sales or property tax credits or exemptions. There also are local loan and rebate programs that vary from area to area.
Colorado Springs Solar Incentives
There are several incentives that are specific to the Colorado Springs area served by Douglass Colony. Incentives available from Colorado Springs Utilities include:
- Commercial Energy Efficiency Rebate Program
- Renewable Energy Rebate Program
- Energy Efficient Builder Program
- Residential Energy Efficiency Rebate Program
Start Taking Advantage of Colorado Solar Incentives!
For more information about the incentives you can earn as a commercial sector adopter of solar technology, or to get started on a commercial solar project that can save your company big money on energy bills, you can call Douglass Colony at 303-288-2635.