Incentives

 

The State, Federal and local utility incentives for solar are better than ever. Residential and commercial systems will see significant tax benefits and cash rebates that will offset much of the cost of the installation, sometimes as much as 60% off the purchase price.

 

Residential Incentives

• LPEA will purchase your energy credits in 2012 at a rate of 40 cents per watt up to $4,000 for a 10kW system.

• The federal government provides a 30% tax credit on the price of the system, helping you in April.

• The Recharge Colorado program was a huge success and brought over $1.3 million dollars worth of solar rebates to southwest Colorado. Recharge Colorado plans to reorganize the program and offer new incentives for solar in the future. Stay tuned for more details as they arise or email us at elsa@durangosolarworks.com.

 

• San Miguel - 2012 rebate program. The program application process will be available to SMPA members, and their contractors, in the first two weeks of February 2012. SMPA rebates will be $1.25/watt up to 3kW residential and 10kW commercial, while funds last. This is the same as the 2011 program. All of the P.V. and wind rebates will be applied for at www.rechargecolorado.com through an authorized solar contractor. While the application process will not be available until early February, the timeline for eligible projects and participation is Jan 1 – Dec 31, 2012. As of Feb 1, there will also be a phone number to call for personal assistance: 1-888-773-6773

 

Commercial Incentives

If you want to stabilize your operating costs and increase cashflow in your business, a solar installation may be the creative solution you need. In addition to $4,000 cash back from LPEA and a 30% commercial federal tax credit, you can depreciate the rest of the cost of your installation over five years using the Modified accelerated Cost Recovery System (MACRS). Call us for a free assessment and proposal today - we can come up with a solution to help your business build a valuable asset by owning its energy.