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With about 300 sunny days a year, Colorado is a great place to go solar.1 As a resident of the state of Colorado, you can save money on installing solar panels and do your part to support renewable energy. We’ll show you how.
The Solar Energy Industries Association ranked Colorado 12th in the U.S. for solar energy. This ranking is based on a variety of factors, including the number of homes that can be powered (301,129) by the installed solar capacity, the percentage of electricity the state gets from solar (3.33%), and the number of solar jobs (7,174).2 The good news is that prices in the state have fallen 40% over the last five years.2
We’ve compiled some solar incentive information for residents of Colorado who want to take advantage of current prices. Installing solar power can provide utility bill savings over time and is a positive step toward protecting the environment.
Homeowners who are with specific utility companies in Colorado may be able to take advantage of various incentives.
Net metering enables some solar system owners to feed excess renewable energy from their systems into the local grid, reducing the demand for fossil fuels. In areas where net metering is available, utilities will offer payments, usually in the form of energy credits, to utility customers who sell their excess energy to the grid.
In December 2005 the Colorado Public Utilities Commission adopted standards for net metering.6
Currently, the state policy for investor-owned utilities is to compensate solar customers at the same retail rate that the utility charges residential customers for their electricity usage. This payment only applies to solar customers that, on average, generate more electricity via their solar panels than they use in a given month.7
Any customer’s net excess generation in a given month is applied as a kilowatt-hour credit to the customer’s next bill.7
In addition to the utility-based rebate program, homeowners in Colorado who install solar are exempt from property tax increases that result from installing solar panels.8
PACE (Property Assessed Clean Energy) Financing is a program that involves loaning the cost of an eligible energy upgrade to a homeowner to be repaid over time through property tax bills. PACE is currently available in Colorado through C-PACE.9
For a complete list of the 122 energy efficiency programs and incentives available in Colorado, including solar energy programs, visit the Colorado Page of DSIRE, a service of the NC Clean Energy Technology Center.
As a way to promote clean and renewable energy, the federal government has put in place two nationwide solar incentives that are available to Colorado residents. Homeowners should apply for them shortly after installation is complete. Your LG PRO installer can help you understand these incentives and how to apply.
1. “Colorado Weather", n.d. Web: https://www.colorado.com/articles/colorado-weather.
2. “Colorado Solar.” SEIA. April 29, 2019. Web: https://www.seia.org/state-solar-policy/colorado-solar.
3. HOLY CROSS ENERGY. “Renewable Energy Incentives.” HOLY CROSS ENERGY. HOLY CROSS ENERGY. 4 Mar. 2019 https://www.holycross.com/renewable-energy-incentives/.
4. Xcel Energy. “Solar*Rewards®.” Xcel Energy. Xcel Energy. https://www.xcelenergy.com/programs_and_rebates/residential_programs_and_rebates/renewable_energy_options_residential/solar/available_solar_options/on_your_home_or_in_your_yard/solar_rewards_for_residences.
5. “Black Hills Energy - Private On-Site Solar Program” Black Hills Energy. Web https://www.blackhillsenergy.com/services/colorado-solar-program/private-site-solar-program#:~:text=When%20you%20install%20a%20private,Black%20Hills%20Energy%20power%20grid.
6. “Net Metering.” DSIRE. 30 Nov 2018. Web: https://programs.dsireusa.org/system/program/detail/271.
7. “Midmarket Solar Policies in Colorado.” NREL. 31 August 2020. Web: https://www.nrel.gov/solar/rps/co.html.
8. “Renewable Energy.” Colorado Department of Local Affairs. n.d. Web: https://www.colorado.gov/pacific/dola/renewable-energy.
9. “Colorado C-Pace For Mortgage Holders.” Colorado Commercial Property Assessed Clean Energy. n.d. Web: https://copace.com/mortgage-holders/mortgage-holders-how-it-works/.
10. "Solar ITC", SEIA, Web: https://www.seia.org/initiatives/solar-investment-tax-credit-itc.
11. Federal Government of the United States. "Title 26 - Internal Revenue Code". Federal Government of the United States. Federal Government of the United States. p.520. n.d. Web: https://www.gpo.gov/fdsys/pkg/USCODE-2011-title26/pdf/USCODE-2011-title26-subtitleA-chap1-subchapB-partIII-sec136.pdf. 10 Dec. 2018.
Because life waits for no one, at LG USA we create consumer electronics, appliances and mobile devices that are designed to help you connect with those who matter most. Whether that means cooking a nutritious, delicious meal for your family, staying connected on-the-go, sharing your favorite photos, watching a movie with your kids or creating a clean, comfortable place to celebrate the moments that matter, we'll be there for you every step of the way.
Designed with you in mind, LG products offer innovative solutions to make life good. With intuitive, responsive controls, sleek, stylish designs, and eco-friendly features, our collection gives you the power to do more at home and on the go. It includes:
Mobile: To help you stay connected your way, our mobile devices feature powerful smartphones, slim tablets and stylish smartwatches that fit seamlessly into your life. And whether you want to download the latest apps, shop online, text, track your fitness or just surf the web, they make it easy to do it all on-the-go.
TV/Audio/Video: If you can't get enough of your favorite sports, the latest movies, love 3D entertainment -- or just want to listen to your favorite music in stunning clarity -- our newest electronics can help you experience it all in a whole new way. Featuring brilliant pictures, lifelike colors and sound that envelop you from the very first note, our collection will transform your living room into a stunning home theater.
Appliances: Created to help you enjoy more of what life has to offer, our appliance collection features ranges and ovens that can help you cook healthy, delicious meals more efficiently, clean your dishes faster, do more laundry in less time, and even clean and cool your house so you can enjoy a comfortable space all year long.
Computer Products: Life happens in an analog environment -- and on a digital plane. And our newest computer products can help you experience the best of both worlds. Designed to give you crystal-clear images, deep blacks and rich colors, plus the speed and storage you need to work and play, safeguard memories and protect important documents, they can help you make the most of life in every way.
Explore our complete collection of LG electronics, mobile devices, appliances and home entertainment solutions -- and find everything you need to connect with your friends and family, no matter where they are.