solar panel installed on farm

Rebates and Incentives for Solar Energy Projects

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 noting that the new standard makes it the “best in the Rocky Mountain West” and one of the highest in the nation. 

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 rebate process for you, from start to finish.  Outlined below are some of the rebates and incentives available to you:

Rebates and Incentives

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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.  There is no limit on this tax credit. IRS Form 5695 is the tax form which should be submitted to claim this tax credit. For more information of the ITC, click here.

Xcel Energy Rebates
Xcel incentive amounts will step down over time as certain MW targets are met.  Incentive amounts are reflected as of 01/1/2023:
  • Systems sized between 0.5kW – 25kW DC there is no longer any upfront cash rebate.  Instead Xcel pays $.005 per kWh of actual production (paid monthly for 10 years), in addition to the savings on your electric bill.
  • Systems sized between 25.1 kW – 500.0 kW DC there is no upfront cash rebate.  Instead Xcel pays $0.0375 per kWh of actual production (paid monthly for 20 years), in addition to the savings on your electric bill.
  • Systems larger than 500.0 kW DC the incentive will be determined through competitive bid process.
​City of Fort Collins Utility Rebates
Residential customers can receive rebates up to $1,000. Rebate amounts are calculated based on $0.50/Watt of DC system generation capacity and include a 20-year Renewable Energy Credit (REC) assignment to Fort Collins Utilities. 

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 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. Click here or call us now to learn more about the incentives available in your area. 

Get a Free Solar Quote Today and Find Out Which Home Solar Incentives & Rebates You Qualify For!

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