Go Off-Grid Solar and SAVE!
Why not take advantage of financial incentives with going off the grid with your residents? Take advantage of both locally and federally incentives to help you go off-grid solar today!
Federal Tax Credit
While the State of Colorado no longer offers tax credits for residential solar, the federal government still provides a 30% Investment Tax Credit for home solar power systems. You can take the total cost of your solar system installation, and apply 30% to your tax liability for the year
Now is a great time to take advantage of the 30% ITC. This ITC will not last forever; it holds steady at 30% through 2019, after which there is a gradual decrease until the credit ultimately reaches a cap at 10% in 2022. To maximize your ITC percentage, be sure to act before the end of 2019.
Residential Energy Upgrade (RENU) Loan Program
The Colorado RENU Loan is a statewide residential loan program sponsored by the Colorado Energy Office in partnership with Elevations Credit Union. It makes home energy upgrades easy and affordable by offering low-cost, long-term financing for energy efficiency and renewable energy improvements.
Colorado RENU Loan Terms
- Loans from $500 to $50,000
- No money down, finance up to 100% of project cost
- Low, fixed interest rates
- 3-, 5-, 7-, 10- and 15-year terms
Which project types can you finance?
- Space heating & cooling
- Insulation & air sealing
- Water heating
- Energy analysis & monitoring
- Windows & doors
- ENERGY STAR appliances
- Solar PV & solar thermal
Colorado Commercial Property Assessed Clean Energy (C-PACE) is a financing tool that allows commercial and multifamily property owners to finance qualifying energy efficiency, water conservation, and other clean energy improvements on existing and newly constructed properties, with repayment of the financing through a voluntary assessment on their property tax bill.
How does Colorado C-PACE work?
- Colorado C-PACE financing is repaid through a voluntary special assessment on the property tax bill. The security of the tax lien is key to this program as the lien attaches to the property and transfers with ownership. Colorado C-PACE provides financing for eligible energy efficiency, water conservation, and renewable energy improvements over their useful life — up to 20 years — thus making projects cost-effective and encouraging property owners to invest in newer, greener technologies.
- Interested property owners opt to receive long-term (up to 20-year) financing for as much as 100% of the cost of these improvements. This arrangement spreads the cost of clean energy improvements over a longer period than could be obtained with traditional debt financing.
SMPA Residential & Commercial Rebate
As modern consumers, we can realize a variety of economic and environmental benefits by considering energy conservation when we purchase our appliances. Fortunately, saving energy does not have to mean sacrificing comfort or convenience. Energy-saving technologies are widely available and perform to the same standards as their less-efficient counterparts.
Thanks to our partners, Tri-State Generation and Transmission for financial support, and to EcoAction Partners for helping us offer these rebates to you as you endeavor to make your home or business more energy efficient.
Holy Cross Energy
Holy Cross Energy offers incentives to members who install qualifying renewable generation at their homes or businesses. Eligible systems include those using solar, hydro, biomass, geothermal or wind energy to generate electricity. We will allow consumers who install generators up to 500 kW for photovoltaic systems or 50 kW for other systems to net meter the generation against the electric consumption at the same meter.
Holy Cross Energy strives to provide our members with safe, reliable and affordable power. As such we will continue to evaluate our policies and operations for efficiency, safety, and environmental improvements. Effective immediately all generator interconnect applications must include a fully detailed and complete system one-line and site plan depicting any existing on-site power sources, the proposed power source(s), and any disconnects or breakers between the source(s) and the Holy Cross transformer. Photographs of the existing meter along with exterior service panels and all other applicable equipment must be provided at the time of application. In the case of new construction, detailed descriptions of the proposed and approved equipment are required.