Vivint Solar powers Colorado

We’re bringing clean energy to the Centennial state. Also known as one of the U.S. Mountain States, Colorado is a place filled with diverse landscapes from deep forests to high deserts, rivers, and plateaus.

Most importantly, Colorado is home to more than 5 million people who love their home state and want to keep it beautiful. Apart from protecting natural treasures through land conservation and taking an active role in their communities, lots of homeowners are choosing Colorado solar energy as a way to preserve Colorado and help it thrive.

Solar is also a great way to help your wallet thrive as traditional energy prices continue to climb and solar rates become more and more competitive.

Now is an ideal time to take advantage of Colorado solar since so many federal, state, and local tax incentives are available to make the transition even smoother and less expensive. Here are a few of the top ways to make going solar in Colorado easier.

Colorado solar state tax breaks and incentives

Colorado Property Tax Exemption

Thinking about installing a rooftop solar system on your Colorado home? Maybe you’re interested in the money you’ll save every month on your electricity bills, but wonder what kind of property taxes you might have to pay with the increase in value solar will bring to your property.

Great news. Living in the great state of Colorado, you get a free pass on any increase in your property taxes when you install solar. Colorado knows that the more people who install solar, the better. It’s good for the whole state. So they don’t penalize you for making things better.

Renewable Energy Equipment Tax Exemption

You even get an exemption from any sales tax when you buy your Colorado solar equipment. All you have to pay for is the rooftop solar panel system itself, stripped of any state sales tax. It pays to choose solar in Colorado.

Colorado mortgage payment help

How does $750 to $3,000 to help pay for your mortgage sound? Well, you might be able to benefit from this state incentive if you’re either looking to buy a home in Colorado, or bought one within the past 120 days.

You’re eligible for the payment help if you install solar power within those 120 days of a home purchase. Getting solar significantly improves your home energy efficiency, and Colorado thinks you deserve a little something for that.

Net metering in Colorado

If you get your power through Xcel Energy, you can earn credits for any excess power your solar panels generate. When your solar system banks extra energy from the sun, it sends it back to the main power grid.

When this happens, your meter keeps track of how much you contribute. The credit you earn can reduce your energy bills and also make you feel pretty cool.

Federal solar Investment Tax Credit (ITC) for Colorado solar

Thanks to the Federal Incentive Tax Credit (ITC), qualifying homeowners—who have purchased their solar energy system—may be eligible for a tax incentive from the federal government when you file your income taxes.

To find out if you qualify for this awesome opportunity, be sure to contact a local tax advisor in your area.