Colorado solar rebates and incentives allow you to save on your electric bill. Sunrun takes care of the paperwork for you. See if you qualify today.
|Solar Savings Types||Value of Savings|
|Colorado Solar Renewable Energy Credits (SREC)||Based on product|
|Federal Solar Tax Credit||
26% federal solar tax credit is available for home solar systems installed by December 31, 2020
**Customer’s ability to monetize rebates, incentives and tax credits depends on several factors, including, without limitation, continued state subsidization of these policies, the applicable Sunrun product type, and whether a customer purchases or leases a solar system from Sunrun.
Solar renewable energy credits, or SRECs, are another way that Colorado helps homeowners save on solar.3 However, SRECs are only available when you purchase your system, and that can get complicated fast. That’s why Sunrun is here to make your life easier with our solar lease, BrightSave™. We’ll hold the SRECs and pass the savings onto you in the form of a lower kWh rate that pays for the power, not the panels. You get all the perks of going solar, without the risk of ownership.
In addition to the Colorado state solar incentives, you’ll also be eligible for the federal solar tax credit, if you buy your own solar system outright. The federal solar tax credit gives you a dollar-for-dollar reduction against your federal income tax. Currently, the residential federal solar tax credit gives you a dollar-for-dollar reduction against your federal income tax equal to 26% of the final cost of solar energy systems you install on your home. Starting in 2021, the tax credit will step down to 22%. After 2021, the tax credit for residential solar ends. 4
Despite Colorado’s many solar incentives, most of them are only available to those who purchase their system. Here at Sunrun, we understand that everyone's financial situation is different, so we give you a choice of payment options—all of which help you go solar and save money. See why other customers have chosen to go solar with Sunrun. Want to see how much you could save? Get your free quote today.
The federal solar tax credit gives you a dollar-for-dollar reduction against your federal income tax. The 26% tax credit applies as long as the solar energy system is installed by December 31, 2020. Starting in 2021, the value of the tax credit will step down to 22%. After 2021, the tax credit for residential solar ends.