Is Colorado Good For Solar Panels

Energy from the sun can be harnessed using different types of technology like photovoltaic pv panels that convert sunlight into electricity and solar thermal panels that use sunlight to heat water.

Is colorado good for solar panels.

100 of electricity now needs to come from carbon free renewable sources by 2050. The most significant incentive to install solar panels in colorado springs is the 26 federal tax credit. Also known as one of the u s. Thus the output for each solar panel in your array would.

It s 2020 and the state of home solar in colorado is strong. Learn more about why solar panels are such a great investment in colorado. However the tax credit is set to step down to 22 at the end of 2020. How are you financing your solar panel system.

Every panel on our platform is warranted at least 85 as productive as day 1 after 25 years. Solar panels lose production capacity year after year but your payments will go on way longer no matter what. Set up a solar consultation to make sure your colorado home is a good fit for solar panels. It s true that solar panel production will decrease over time just like any other energy producing asset.

Colorado springs utilities has full retail net metering which provides excellent savings when you install a solar panel system. Learn about solar incentives in co what rebates and incentives are there in colorado for solar. While solar leases and power purchase. Whether you choose to buy or lease your solar panels will have a major impact on your system s long term value.

Colorado is becoming known for its great solar incentives and programs which are considered some of the best in the country. We re bringing clean energy to the centennial state. Residents of the most populous areas continue to benefit from xcel s solar rewards program which pays extra for solar credits over 20 years. Colorado itself does not offer a solar tax credit.

If you have enough to make a purchase in cash you ll save more than with any other option but even with a 0 down solar loan your savings could still be in the tens of thousands. Reasons to go solar in colorado. 5 hours x 290 watts an example wattage of a premium solar panel 1 450 watts hours or roughly 1 5 kilowatt hours kwh. The amount of this tax credit is currently 26 of the value of the solar system and it is claimed on your taxes in the year after installation.

Many people mistakenly refer to this tax credit as the colorado solar tax credit but it is actually a federal tax credit. How much energy does a solar panel produce. Colorado will typically get 3 204 hours of sunshine every year which allows for an optimal amount of sunlight to power a residential solar panel system. For the sake of example if you are getting 5 hours of direct sunlight per day in a sunny state like california you can calculate your solar panel output this way.

Colorado has a tremendous solar resource with the potential to produce hundreds of times as much electricity as the state consumes each year. Sit back while we take care of the design and installation of your new solar energy system.