Renewable energy and energy efficiency solutions are now more
affordable than ever thanks to the abundance of available rebates and
incentives.
View the Residential, Commercial, or Builder incentives that may be available for
you.
To learn more about how you can take advantage
of these great incentives, call the SRE Energy Experts at
(303) 562-2752.
Residential
Solar Electric (PV)
Systems
Federal Income Tax
Credit
A federal income tax credit of
30% of the system cost is available for solar electric (PV)
systems.
Xcel Energy, Black Hills Energy,
and Colorado Springs Utility Customer
Rebates
Xcel Energy, Black Hills Energy,
and Colorado Springs Utilities offer their customers substantial
rebates to install solar electric (PV) panels.
Rebate
levels are:
- Xcel Energy Solar Electric
Rebate: $3.00 per installed DC watt (up to 10
kilowatts)*
- Black Hills Energy Solar Electric Rebate:
$3.50 per installed DC watt (up to 10
kilowatts)
- Colorado Springs Utility Solar Electric
Rebate: $3.75 per installed AC watt (up to 10
kilowatts)
(CSU Solar Electric Rebates are exhausted for 2009, but they are still accepting applications for the waiting list.)
*PLEASE NOTE: Xcel Energy has introduced a new tiered system for their Solar*Rewards rebate program. Currently, the rebate will be a $2.00 REC payment and a $1.00 rebate. The rebate portion will continue to drop when each tier has reached its maximum capacity. Please refer to the
Xcel Energy website for an updated chart.
For residential systems over
10 kW or for a quote, please
contact us.
Solar Water Heating
(Thermal) Systems
Federal Income Tax
Credit
A federal income tax credit of
30% of the system cost is available for solar water heating
systems.
Colorado Spring Utility (CSU) Customer Rebates
CSU customers can receive up to a $3,000 rebate on approved solar domestic hot water
heating systems installed between January 1 and December 15, 2009.
Wind Energy
Systems
Federal Income Tax
Credit
A federal income tax credit of
30% of the system cost is available for wind energy systems.
Energy
Efficiency – Air Conditioning, Heating, Insulation, and Other Energy
Efficiency Improvements
Federal Income
Tax Credit
A federal income tax credit
of up to $1500 is available for qualified home energy efficiency
improvements such as insulation, high-efficiency air conditioning
systems, high-efficiency heat pumps and more.
To
learn more about qualifying for these rebates, please contact
us.
Insulate
Colorado
The Governor’s Energy Office,
Xcel Energy and participating jurisdictions are currently offering
rebates for homeowners who improve the insulation and air sealing in
their homes.
Rebates are equal to 20% of total cost
of insulation and air sealing upgrades or $300 (whichever is less.) To
find out if you can qualify, please contact
us.
Xcel Energy Energy Efficiency Rebates
Xcel Energy natural gas and electric customers are eligible for a variety of rebates for energy efficiency home improvements. For a list of available incentives, click here.
United Power Heat Pump Rebates
United Power customers qualify for rebates from United Power and their
wholesale power supplier, Tri-State Generation & Transmission. For
the installation of Air-source heat pumps, customers can receive
rebates of $150/ton from Tri-State plus $400 Rebate from United Power.
(There is also a Bonus $150 Rebate if the equipment is Energy Star
Rated.)
Commercial
Treasury
Grant
Commercial projects may opt to apply for a Treasury
Energy Grant in lieu of the investment tax credit (ITC). This applies
to equipment placed in service by December 31, 2010 or construction has
begun by December 31, 2010 and is completed by December 31, 2013. The
grant is paid out by the Treasury within 60 days of the project
completion and application is filed.
Solar
Electric (PV) Systems
Federal Business
Tax Credit
A federal tax credit of 30%
of the system cost is available for solar electric (PV)
systems.
Xcel Energy, Black Hills Energy
Customer Rebates
For PV systems
greater than 10 kilowatts and up to 100
kilowatts, rebates and REC incentive payments are
calculated as follows:
- Rebates = $2.00 per
installed watt
- REC incentives = $115 times annual
megawatt hour (MWh)
production
- Note that the REC incentives are on a tiered system and will change as each tier reaches maximum capacity. Please refer to the Xcel Energy website for an updated chart.
Colorado Springs
Utility (CSU) Customer
Rebates
- For PV systems up
to 25 kilowatts, CSU will rebate $3.75 per installed AC
watt.
Solar
Water Heating (Thermal)
Systems
Federal Business Tax
Credit
A federal tax credit of 30% of
the system cost is available for solar water heating
systems.
Wind Energy
Systems
Federal Income Tax
Credit
A federal income tax credit of
30% of the system cost is available for wind energy systems for wind
turbines less than 100 kW.
Federal 5 Year Accelerated
Depreciation Schedule – Solar Electric, Solar Water Heating, and Wind
Energy Systems
Under the federal
Modified Accelerated Cost-Recovery System (MACRS), businesses may
recover the cost of a solar electric, solar water heating, or wind
energy system on an accelerated 5-year schedule. In 2008 and 2009 the
above investments qualify for the 50% Bonus Depreciation schedule. The
owner is entitled to deduct 50% of the adjusted basis of the property
in the first year of operation. The remaining 50% of the adjusted basis
of the property is depreciated over the ordinary depreciation
schedule. The Depreciation Basis is calculated as the System
Installation Price – (1/2) Federal Investment Tax
Credit.
Builders
Energy
Efficiency
Federal Tax Credit – Energy
Efficient Homes
Tax credits of up to
$2,000 are available to builders for construction of new
energy-efficient homes.
Homes qualify for a $2,000
credit if they are certified to reduce energy consumption by 50%
relative to the International Energy Conservation Code (IECC) standard
and meet minimum efficiency standards established by the Department of
Energy.
Building envelope component improvements
must account for at least 20% of the reduction in energy consumption,
but specific energy efficiency measures are not
restricted.
The
statements contained herein are not intended to and do not constitute
an opinion as to any tax or other matter, and may not represent all
potential incentives available to you. You should consult your tax
advisor with respect to any taxes or incentives that you may qualify
for.
