Best Solar Company in Denver:
Solar power in Colorado has grown rapidly, partly because of one of the most favorable net metering laws in the country, with no limit on the number of users. The state was the first in the nation to establish a Renewable Portfolio Standard for its electric utilities.
Colorado consumers typically obtain varying amounts of solar power from rooftop solar, community solar gardens, and larger solar farms. Several thousand people are employed in solar-energy-related activities throughout the state.
The Colorado Solar Energy Industries Association (COSEIA), a state affiliate of the national non-profit Solar Energy Industries Association, supports solar use and industry growth through its efforts which include both business and residential consumer education.
Best Solar Installations in Denver
We are the best solar installation company in Colorado because;
Xcel Energy Solar Rewards Program
Xcel’s Solar Rewards program gives customers an additional $0.005 per kilowatt hour of solar energy they produce. While this doesn’t seem like much, it can add up over time, especially when paired with full retail net metering.
The Federal Solar Tax Credit Explained
The federal solar tax credit is equal to 26% of the total cost of installing solar panels on your home (for 2022). The amount of the tax credit is then deducted from your federal taxes. You can claim the credit over several years if the amount you owe in taxes is less than the amount of your tax credit. You can only take advantage of the federal tax credit if you pay federal income taxes.
Keep in mind that the federal solar tax credit is set to step down at the end of 2022, falling from 26% of costs to just 22%. So, the best time to go solar is now, so you can maximize your solar savings.
Are solar panels worth it in Denver?
Solar panels have fallen in price by more than 80% in the last ten years. In 2021 they also remain subsidized by the 26% federal tax credit and the net metering law making them an excellent investment. They offer a return well above the long-term average return from both the share market and also property investment.
Another way to look at this question is the levelized amount you will pay for each kWh of power you will use over the next 25 years with and without solar panels, the savings are significant.