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Home Solar Incentives and Rebates

Colorado is setting the standard nationwide as a leading provider of clean, renewable energy by requiring large investor owned utilities to obtain 30% of their power from renewable sources. Governor Bill Ritter signed the legislation on March 22, 2010 and noted that the new standard makes it the “best in the Rocky Mountain West” and one of the highest in the nation.  Therefore many utilities began offering home solar incentive and rebates to their customers.

Equally important as the environmental benefits of solar, is the fact that the investment you make in your alternative energy project will protect you from rising electricity prices for years to come, while offering a better return than many other investments today – all risk free! Plus, it’s very rewarding to watch your meter “spin backward,” see your utility bills slashed or eliminated, and add value to your home… all while knowing you are doing the right thing for the environment!

Alt E Wind & Solar will happily manage any home solar incentive and rebate process for you, from start to finish.  Outlined below are some of the rebates and incentives available to you:

Home Solar
Incentive & Rebates

save money on solar graphic

Home Solar
Incentive & Rebates

Residential Solar Electric (Photovoltaic) Incentives:

 
Federal Income Tax Credits/Investment Tax Credit (ITC)
30% Federal Income Tax Credit for out-of-pocket costs after deducting any state/local incentives… and there is no limit on this tax credit. IRS Form 5695 is the tax form which should be submitted with your tax return in order to claim this tax credit. For more information of the ITC, click here.
 
Xcel Energy Rebates
Xcel incentive amounts step down over time as certain MW targets are met.  Therefore, incentive amounts are reflected as of 01/1/2024:
  • As of March 2023, Xcel Energy is no longer providing a home solar incentive for residential solar PV systems expect for those who are income qualified (see below). 
  • Xcel’s Income Qualified Solar Rewards program provides an up-front rebate of $1.00 per watt of installed solar for eligible  home solar systems up to 7kW in size.   Click here or call us now to learn more about Xcel’s Income Qualified Solar Rewards Program.
 
​City of Fort Collins Home Solar Incentives
Residential customers can receive home solar rebates of up to $1,500. At this time rebate amounts are calculated based on $300/kW of DC system generation capacity and include a 20-year Renewable Energy Credit (REC) assignment to Fort Collins Utilities. Furthermore, Fort Collins Utility offers an additional home solar rebate of up to $3,000 to residential solar customers who install battery storage.  This rebate amount is calculated based on $200/kWh of storage capacity installed.

State of Colorado
  • State sales tax waiver (2.9%) 
  • RTD sales tax waiver (1.2%)


Other Utility Providers and Local Municipalities
Several other utilities and local governments also offer limited rebates and incentives on an annual basis. However, funds allocated for these local incentives are typically consumed rapidly.  Please call us at 970 482-SOLAR (7652) to find out about local incentives currently available in your area.

Database for Statewide Incentives 
The Database of State Incentives for Renewables & Efficiency (DSIRE) is a comprehensive source for current rebate information.  Therefore, Click here or call us now to learn more about the incentives available in your area.

Residential Solar Electric (Photovoltaic) Incentives:

 
Federal Income Tax Credits/Investment Tax Credit (ITC)
30% Federal Income Tax Credit for out-of-pocket costs after deducting any state/local incentives… and there is no limit on this tax credit. IRS Form 5695 is the tax form which should be submitted with your tax return in order to claim this tax credit. For more information of the ITC, click here.
 
Xcel Energy Rebates
Xcel incentive amounts step down over time as certain MW targets are met. Therefore, incentive amounts are reflected as of 01/1/2024:
  • As of March 2023, Xcel Energy is no longer providing a home solar incentive for residential solar PV systems expect for those who are income qualified (see below).
  • Xcel’s Income Qualified Solar Rewards program provides an up-front rebate of $1.00 per watt of installed solar for eligible home solar systems up to 7kW in size. Click here or call us now to learn more about Xcel’s Income Qualified Solar Rewards Program.
 
City of Fort Collins Home Solar Incentives
Residential customers can receive home solar rebates of up to $1,500. At this time rebate amounts are calculated based on $300/kW of DC system generation capacity and include a 20-year Renewable Energy Credit (REC) assignment to Fort Collins Utilities. Furthermore, Fort Collins Utility offers an additional home solar rebate of up to $3,000 to residential solar customers who install battery storage. This rebate amount is calculated based on $200/kWh of storage capacity installed.

State of Colorado
  • State sales tax waiver (2.9%)
  • RTD sales tax waiver (1.2%)


Other Utility Providers and Local Municipalities
Several other utilities and local governments also offer limited rebates and incentives on an annual basis. However, funds allocated for these local incentives are typically consumed rapidly. Please call us at 970 482-SOLAR (7652) to find out about local incentives currently available in your area.

Database for Statewide Incentives
The Database of State Incentives for Renewables & Efficiency (DSIRE) is a comprehensive source for current rebate information. Therefore, Click here or call us now to learn more about the incentives available in your area.

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