Renewable Energy Rebates & Tax Incentives

There are many rebates available to Coloradoans that take specific energy efficiency and/or renewable energy measures.

Colorado is also one of the few States that requires utilities to pay you for the net excess green energy power that your panels produce over the course of a year. That means if you reduce your electric usage during the year, the utility has to cut you a check at the end of the year for any extra power you’ve contributed to the grid. You also have the option to roll that extra credit to your subsequent bills.

The Database of State Incentives for Renewables & Efficiency (DSIRE) Colorado Incentives/Policies for Renewables & Efficiency

Colorado Governor's Energy Office Solar Thermal

Colorado Governor's Energy Office Small Scale Wind Power

Residential

Colorado Springs Utilities is offering the following rebates in 2012.  To apply and learn more, click on the rebate you are interested in from the list below.

• Renewable Energy Investments:
  
  
  
  • Residential
    
    
    
    • Solar Hot Water (gas and electric back-up) - $1,500 or $3,000 depending on system size
    
    
    • Small Wind -  $1.25/watt, up to 3kW up to $3,750

Colorado Springs Utilities Rebates

IRS Personal 30% Tax Rebate

Established by the Energy Policy Act of 2005, the federal tax credit for residential energy property initially applied to solar-electric systems, solar water heating systems and fuel cells. The Energy Improvement and Extension Act of 2008 (H.R. 1424) extended the tax credit to small wind-energy systems and geothermal heat pumps, effective January 1, 2008. Other key revisions included an eight-year extension of the credit to December 31, 2016.

Federal Tax Credits for Consumer Energy Efficiency

Commercial

Colorado Springs Utilities is offering the following rebates in 2012.  To apply and learn more, click on the rebate you are interested in from the list below.

Renewable Energy Investments:

Commercial

• Solar Thermal application (gas or electric back-up) - 15% of the job cost, up to $15,000Small Wind - $1.25/watt up to 10kW up to $12,500

Colorado Springs Utilities Rebates

IRS Energy-Efficient Commercial Buildings Tax Deduction

The federal Energy Policy Act of 2005 established a tax deduction for energy-efficient commercial buildings applicable to qualifying systems and buildings placed in service from January 1, 2006, through 2013 by Section 303 of the federal Energy Improvement and Extension Act of 2008 (H.R. 1424, Division B), enacted in October 2008.

Tax Deductions for Commercial Buildings

IRS Business Energy Investment Tax Credit (ITC)

In general, credits are available for eligible systems placed in service on or before December 31, 2016:

• Solar. The credit is equal to 30% of expenditures, with no maximum credit. Eligible solar energy property includes equipment that uses solar energy to generate electricity, to heat or cool (or provide hot water for use in) a structure, or to provide solar process heat. Hybrid solar lighting systems, which use solar energy to illuminate the inside of a structure using fiber-optic distributed sunlight, are eligible. Passive solar systems and solar pool-heating systems are not eligible.


• Small Wind Turbines.* The credit is equal to 30% of expenditures, with no maximum credit for small wind turbines placed in service after December 31, 2008. Eligible small wind property includes wind turbines up to 100 kW in capacity. (In general, the maximum credit is $4,000 for eligible property placed in service after October 3, 2008, and before January 1, 2009. The American Recovery and Reinvestment Act of 2009 removed the $4,000 maximum credit limit for small wind turbines.)

Business Energy Investment Tax Credit (ITC)  

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