There are several incentives in Colorado that make investing in solar and renewable energy cost-effective.
Colorado residents and business owners who install solar panels are eligible for rebates and tax credits that can help reduce the cost of going solar. The state has a high rate of solar adoption and a strict renewable energy mandate, making it one of the best states in the country for solar energy. Local utility companies offer rebates to customers who switch to solar power, and the state also offers tax exemptions for solar equipment.
In addition, Colorado residents are eligible for the federal solar investment tax credit, which reimburses 30% of the cost of installing a solar power system.
This information is sourced from DSIRE; the most comprehensive source of information on incentives and policies that support renewables and energy efficiency in the United States. Established in 1995, DSIRE is operated by the N.C. Clean Energy Technology Center at N.C. State University.