With a cumulative grid connection of 299.6 Megawatt, Colorado is in the top five states in the country for solar power production. The federal government, counties, and cities offer strong residential rebates and incentives for solar panel installations. These government incentives, coupled with the 300 days of sunshine, make Colorado a great place to start a residential solar energy project. This article aims to help you decide if solar energy is right for you.
Grid Connected Solar Power Systems In Colorado (2012)
- Residential Solar Power Systems: 20.1 Megawatt
- Non-Residential Solar Power Systems: 15.5 Megawatt
- Utility: 67.4 Megawatt
- Total: 102.9 Megawatt
- Cumulative: 299.6 Megawatt
Colorado is among the top five states for solar power production. In comparison to Arizona, a state roughly the same population size, Colorado is at about 800 MW behind. There is certainly great potential for much higher solar power production.
Cost of Electricity in Colorado
- Electricity Price: $0.11/kwh
- Average Electric Bill Before Solar: $128
- Average Electricity Bill After Solar: $39
The installation of a solar power can cut your electric bill by as much as two thirds. Even with a leased system at the average rate of $49 per month, the savings are still substantial. Check out this article to find out if solar leasing is right for you.
Colorado averages between 4 and 5 Kilowatt hours per day per square meter. This is similar to other Western and Mountain states. Both Denver and Boulder have more than 300 days of sunshine annually, which is actually more than Miami or San Diego.
State Solar Incentives and Rebate Programs
- State Solar Tax Credit: None
- State Solar Rebate: Depends on location
- Property Tax Exemption: 100%
- Sales Tax Exemption: 100%
It is worth noting that some counties and cities in Colorado offer additional solar incentives. Rebates may depend on where the solar power unit is installed and on what type of building. In addition, the Federal Tax Credit also applies.
Solar Installers in Colorado:
As of 2014 there are close to 400 solar energy installers in Colorado. All contractors must be licensed by the Department of Regulatory Agencies, or DORA. You may also call (303)894-7800.
Summary: Very good conditions for solar energy installations.
Colorado has more days of sunshine than most states, giving it a high amount of solar radiation. It also has great residential solar rebate programs and tax exemptions. With lots of room for further growth, Colorado stands as one of the top solar-friendly states.
Solar Energy Fact Sheet: Colorado, © SolarContact.com