Benefits of Solar Energy
Solar energy provides numerous advantages that will enhance your home for years to come.
- Reduced carbon footprint: The sun is one of the universe's most abundant clean energy sources, meaning you can lower or beat your home's dependence on non-renewable sources.
- Better energy independence: Solar energy can keep your home powered through emergencies and blackouts, giving you additional security. You can use your solar energy anytime with an optional battery storage system.
- Lowered energy bills: You can avoid the premium cost of grid-tied power by creating some electricity at home. Plus, many states offer net metering which can allow you to sell your unused energy back to credit part of your bill.
What Solar Incentives Are Available to Commerce City Homeowners?
Governments and utility companies often incentivize homeowners for switching to solar. Here are some of the tax credits, rebates, or other programs you could qualify for.
Incentive Type: Property Tax Incentive
Website: cdola.colorado.govIncentive Amount:
100% exemption for renewable energy system property
Incentive Type: Sales Tax Incentive
Website: tax.colorado.govIncentive Amount:
100%
Incentive Type: Rebate Program
Website: energysmartcolorado.comIncentive Amount:
Residential
PV: 50% up to $500
Solar Thermal: 50% of project costs
Commercial
50% of project costs
Incentive Type: Sales Tax Incentive
Website: bouldercolorado.govIncentive Amount:
~15% refund on sales and use tax for the solar installation
Incentive Type: Rebate Program
Website: energysmartcolorado.comIncentive Amount:
PV: 25% of cost
Solar Water Heat: $25% of cost
Solar Thermal Tune-up: 25% of project cost
Micro-hydro and Geothermal: 25% of cost
Incentive Type: Property Tax Incentive
Website: cdola.colorado.govIncentive Amount:
100% exemption for the percentage of electricity capacity (AC) of a community solar garden attributed to residential or governmental subscribers or organizations that are already exempt from property taxes
Incentive Type: Performance-Based Incentive
Website: xcelenergy.comIncentive Amount:
Systems 0.5 kW - 25 kW: $0.005/kWh
Medium-sized Systems 25.1-500 kW: $0.0375/kWh
Large Systems (>500kW): Determined through competitive bid
Incentive Type: Sales Tax Incentive
Incentive Amount:
Varies (local option)
Incentive Type: Property Tax Incentive
Incentive Amount:
Varies (local option)
Incentive Type: Rebate Program
Website: efficiencyworks.orgIncentive Amount:
Air Sealing: $300-$500
Insulation: Up to $1,815
Duct Sealing: $200 (gas-heated homes only)
Window Replacement: Up to $1,000
Air Handler Blower Motor: $150
Whole House Mechanical Ventilation: 20% of cost
Heat Pumps: $500
Replacement Furnace: $300-$500 (gas-heated homes only)
Ductless Mini-Split: $250/head
Replacement Gas Boiler: $300 (gas-heated homes only)
Replacement Water Heater: $100-$500
AC System: $150-$500
Whole House Fan: $275
Evaporative Cooler: $500
Incentive Type: Rebate Program
Website: unitedpower.comIncentive Amount:
CFL Recycling: FREE
New Energy Star Refrigerator/Freezer: $30
Refrigerator/Freezer Recycling: $75
New Energy Star Clothes Washer: $40
New Energy Star Dishwasher: $20
New Electric Thermal Storage Units (on automated Time-of-Day control panel): $4-$16/kW
New Electric Thermal Slab (on automated Time-of-Day control panel): $4-12/kW
Water Heaters: $20-$400
Terminal Unit for Heat Pump A/C Units: $75-$85/Unit
Heat Pumps: $100-$450/ton
Geothermal Heat Pumps: $200-$500/ton
Air Conditioners: $100-$150
Incentive Type: Loan Program
Website: xcelenergy.comIncentive Amount:
Up to $50,000
Incentive Type: Rebate Program
Website: xcelenergy.comIncentive Amount:
Refrigerator Recycling: varies, contact utility for details
Natural Gas Furnace: $300
EC Motor in New or Existing Furnace: $100
Air Conditioning/Air Source Heat Pump: $300-$600
Mini-Split Heat Pump: $300
Water Heater: $70-$450
Evaporative Cooling: $200-$1,200
Attic Insulation: $350-$600
Wall Insulation: $350-$600
Air Sealing, bypass sealing, and weather-stripping: $175-$450
Ground Source Heat Pump: $300/ton
Smart Thermostat: $50
Incentive Type: Rebate Program
Website: xcelenergy.comIncentive Amount:
Attic Insulation: $400-$700
Air Sealing/Bypass Sealing/Weather-Stripping: $250-$550
High Efficiency Lighting: 30% of cost
Wall Insulation: $450-$700
Evaporative Cooling System: $325-$1200
Central Air Conditioner (New): $400 - $700
Central Air Conditioner (Trade In): $550
Ground Source/Geothermal Heat Pump: $300 per ton
Electric Heat Pump Water Heater: $550
Programmable Thermostat: $25
High Efficiency Furnace: $400
Electrically Commuted Motor: $125
Tankless Water Heater: $200
Standard Tank Water Heater: $100
ENERGY STAR Refrigerator: $15
ENERGY STAR Clothes Washer: $30
Incentive Type: Loan Program
Website: colorado.govIncentive Amount:
$35,000
Incentive Type: Loan Program
Website: colorado.govIncentive Amount:
$250,000
Incentive Type: Performance-Based Incentive
Website: xcelenergy.comIncentive Amount:
2015 Large RFP Program: Incentive Type: Loan Program Incentive Amount: $25,000 Incentive Type: Personal Tax Credit Incentive Amount: 30% federal tax credit for systems placed in service after 12/31/2021 and before 01/01/2033. Good for: solar water heat, solar photovoltaics, biomass, geothermal heat pumps, wind (small), fuel cells using renewable fuels. Choosing a company is the first step toward an effective and cost-efficient solar energy system. Make your choice based on the following important considerations. While electricians and plumbers in Colorado have state-issued licenses from the Colorado Electrical Board or Colorado State Plumbing Board, it's up to counties and cities to issue their own solar professional if they choose. Solar companies can also pursue certifications from standards organizations and trade groups. The most recognized ones in the industry come from the NABCEP. Most company websites will prominently display earned credentials, but you should also ask your estimator for more information. Different solar panel types look and perform differently. Monocrystalline panels offer the best energy production but cost more than other options and generally have the highest quality. Polycrystalline panels provide a lower price point but produce less power. Thin-film panels work well for small projects like RVs and sheds, but they're not ideal for larger installations due to their low performance. You can also add electric vehicle (EV) chargers and battery backup systems. These will increase your total installation cost, but they can increase your solar system's efficiency. Not all solar providers provide these optional components, so look for a provider that sells them if it's a priority for you. A majority of Commerce City homeowners select solar systems designed for five kilowatts (kW) of electrical capacity. These systems run about $19,900 to set up, considering both parts and installation. You can find more specific solar cost information in the table. Choosing the correct financing option will influence your overall solar system cost and possible savings. Common payment options include loans, cash payments, power purchase agreements, and leases. We suggest paying with cash or securing a solar loan for the highest return on investment (ROI). Cash payments require a hefty sum up-front, but you’ll pay the least long-term by avoiding interest. You’ll also own your system and can apply for solar panel incentives to reduce your total costs. Solar loans are another good option if you don’t want to make a big initial investment. You can pay for your system in installments while still benefiting from energy bill savings and solar incentives. However, you’ll spend more in total due to accruing interest. Solar leases let you use your panels for a fixed monthly rate, while PPAs let you pay just for the energy you use, akin to an electric bill. Both options disqualify you for solar incentives and do not provide you system ownership. Solar experts generally don't recommend them, but they might be suitable in some cases. Look for providers that offer two or more payment plans to find the right fit for your pocket. The table below lists the average payback periods for different capacities of solar systems in Commerce City. A 26% federal solar tax credit applies to new residential solar equipment purchased through 2032. Further incentives may be available through city and state governments, usually in the form of rebates and special financing programs. Please enter a valid 5-digit zip code! To share feedback or ask a question about this article, send a note to our Reviews Team at reviewsteam@thisoldhousereviews.com.
Determined through competitive bid. RFP released on March 3, 2016 How To Choose the Best Solar Company in Commerce City
Licensing and Training
Cost of Solar Panels in Commerce City
Solar Panel Cost Average Cost Solar Monocrystalline $1,156 Solar Polycrystalline $902 Thin-Film $527 Solar Battery $740 Solar Home EV Charger $2,775 Financing Solar Energy in Commerce City
Solar System Capacity Estimated Payback period 1 kW 1.8 years 2 kW 3.6 years 5 kW 8.9 years 10 kW 17.8 years Ready to Get a Quote on Your Solar Project?
Frequently Asked Questions About Solar in Commerce City
How much money could I save by going solar in Commerce City?
How widespread is solar energy in Commerce City?
Will a solar PV system increase my Commerce City home worth?
Could I still use solar power if I live in a wooded, rainy, or dark area?
What's a Commerce City solar panel's average lifespan?
What care do my solar panels need, and how frequently do they need it?
What are the signs I shouldn't use a particular solar company for my job?
How many estimates should I get before making a final solar company decision?
Sources
More Best Solar Companies Pages