1301 Jackson Street
Golden, CO 80401
If you’re looking to go solar in Colorado, there are many great, natural reasons you’ll get a Rocky Mountain high in Colorado.
Utility rebates have come down recently in Colorado due to overwhelming solar demand, but that same demand factor has also increased competition among installers.
In fact, if you’re looking for solar power installers in Boulder, Denver, Golden, Evergreen Lakewood, Littleton, or one of the cities served by the Xcel Energy utility, you’re probably in the best solar market in the entire United States as of this writing. Why? Because Colorado actually cares about the environment.
In 2004, Colorado clean energy advocates were the first in the country to ask voters to pass a ballot initiative creating a state-wide Renewable Energy Portfolio Standard (RPS). Recent Amendments now require Xcel Energy and the State’s other investor owned utilities to get at least 4% of their renewable energy mix from solar. Not only that, at least 2% of that power has to come from Xcel customers, not a huge solar farm somewhere far, far away, like, you know, Nevada.
More Colorado Solar Rebate info.
There are other great reasons for going solar in Colorado too. Let’s count the ways:
Net metering is where the utility “stores” any extra solar power your panels produce during the day. Then at night or on cloudy days, they credit that power back to you.
Colorado is also one of the few States that requires utilities to pay you for the net excess solar power that your panels produce over the course of a year. That means if you reduce your electric usage during the year and have solar, the utility has to cut you a check at the end of the year for any extra solar juice you’ve contributed to the grid. You also have the option to roll that extra credit to your subsequent bills.
PACE Financing for Solar
So you want to go solar but don’t want to get a second mortgage to finance it? Well, Colorado has already implemented municipal financing, otherwise known as Property Assessed Clean Energy (PACE) financing. This is where your upfront solar cost is paid for with a special property tax assessment. You slowly pay off the tax assessment over 20 years. If you move in 5 years, not a problem. The payments (and solar savings) get transferred to the new owner. It’s a huge win-win program. Unfortunately, these programs are sold out quickly, but check with a local installer if it’s available in your area.
Residential Solar Incentives
Your solar rebate in Colorado is going to vary by your utility, but if it’s a big one like Xcel, you’ll now receive $2/watt. We’ll give an example below of what that means for your actual cost.
In addition to the rebate, utilities must also pay you an upfront payment for your Solar Renewable Energy Credits (S-RECs or RECs or “Green Tags.”). The definition of a REC will confuse you, so don’t bother clicking that link. Now you’re going to do it. You’ve been warned. Anyway, just know that the utility is going to pay you extra cash for your solar energy potential. As of this writing, it’s an extra .85/watt. So, bottom line, your total upfront solar rebate is really $2.85/watt. It could get lower, so the sooner you lock in, the better.
Now. Let’s do an average 5kW (5000 watt) cost example, shall we? Cool:
Cost Example of a 5kW Solar Power Installed in Boulder/Denver, Colorado area.
In this cost example, we’re talking about a 5kW (5000 watt DC) system. That size takes care of 77% of a home’s electricity needs if you have an average $100/month electric bill ($1200/year total). As of this writing, you’re going to pay around $6.25/watt installed cost in Colorado. Could be even less. What does that mean for this example?
Cost Before Incentives: $31,250 ($6.25/watt x 5000 watts) (Don’t panic!)
State Rebate (including REC value): subtract $14,250 ($2.85/watt x 5000)
30% Federal tax credit: subtract $5100 (calculated after State rebate)
Payback: Roughly 12 years, depending on how fast utility rates rise. This is conservative. Could be less time if rates go up more than 5%. (See below trends.)
Estimated NET cost: $ 11,900
Oh, yeah. This helps too:
Greenhouse Gas (CO2) Saved: 9618lbs/year, or like not driving 11,500 miles a year.
New average monthly electric bill (first year): About $28.50/month.
As always, this quote is general and could be less…or more. Solar is not a one size fits all sort of deal. Your cost will depend on a lot of factors, including your utility, roof type, energy usage, and lots of other things. In fact, check out these 9 ways it could be more expensive.
Best way to find out exactly is to get one of our free customized quotes. Just saying.
Another Reason to Go Solar: Rising Utility Rates
Check out the chart below. If electricity were simply to increase at a rate of 5.5% for the next 20 years, we’ll be looking at a $0.39 kWh charge for electricity from the utility. Your power bill for 1200kWh of usage will now total an average $259 a month from what used to be $100/month. Don’t think it can happen? Think again. Utility rates in Colorado have been increasing at 9% per year over the past 10 years. It is happening already.Arts & Entairtainment,
Looking for something fun to do? Have guests in town and don’t know where to take them? In this section you will find all avenues of Arts and Entertainment. Movie listings including show times and the price of tickets. Local businesses featuring family fun, to include arcades, animals, clowns, bowling, swimming, golfing, wall climbing, and many more. Want to show off your town? Also listed you will find museums, theatres, historical buildings and happenings at event centers, baseball games, basketball, football, hockey, soccer, or featured events. Want to know if your favorite music artist is coming to town? This page will show you who’s coming and where, rock concerts, blues festivals, and local band venues. Go ahead, take a look and find something fun to do today!!
333 South Allison Parkway, Lakewood, CO
(303) 980-4006 • key.com
FirstBank of Lakewood
550 South Wadsworth Boulevard, Lakewood, CO
(303) 233-8000 • efirstbank.com
Wells Fargo Bank
310 S Teller ST, Lakewood, CO
(303) 937-3355 • wellsfargo.com
U.S. Bank ATM - Lakewood - Belmar
363 South Teller Street, Lakewood, CO
(800) 872-2657 • usbank.com
Bank of America Mortgage
7740 West Alameda Avenue Suite B, Lakewood, CO
(303) 716-7997 • mortgage.bankofamerica.com
7070 West Alameda Avenue, Lakewood, CO
(303) 869-4380 • tcfbank.com
Credit Union of Denver
9305 West Alameda Avenue, Lakewood, CO
(303) 239-1150 • cudenver.com
Liberty Savings Bank
7111 West Alameda Avenue, Lakewood, CO
(303) 238-3200 • libertysavingsbank.com
Bellco Credit Union
570 S. Wadsworth Boulevard, Lakewood, CO
(720) 479-5262 • bellco.org
Powered By Google, Yahoo, Bing and Intuit
Click on my FB Icon>>
Golden, Colorado 80401
a look and
Banks, Check Cashing & Financial Services
Looking for a bank with great customer service and no hidden charges? A bank that rewards you for being a responsible account holder? Need to open a personal account with direct deposit, and no overdraft fees? We have a bank for that. Need to open a business account? Do you have questions regarding the guidelines of using a business account, checking account, or ATM fees? Interest earned on savings account, CD’s or Saving Bonds? Want to buy a house or a new car, but don’t have enough money? A bank consultant can advise you in what it takes to approve for a loan, and how much you can borrow. Choose how and when to do your banking with the convenience of Online Banking, Telephone Banking, Debit Cards, and ATMs. In this section you will find banks offering quality service, hassle free.
Local Lakewood, Colorado Financial Service Co.
Colorado Inside Scoop
652 Ammons Street
Lakewood, CO 80214
"Like" us on Facebook/Twitter
Mutual of Omaha Bank 303-216-9999
770 Heritage Road, Golden, CO
Chase Bank and ATM 303-273-0573
17207 South Golden Road, Golden, CO
Credit Union of Colorado 303-279-6091
1800 Jackson St # 100, Golden, CO
Wells Fargo Bank 303-273-6354
1301 Jackson Street, Golden, CO
Key Bank 303-215-9615
1222 Arapahoe Street, Golden, CO
Bank of the West 303-202-5533
701 13th Street, Golden, CO
U.S. Bank 303-271-1301
1801 Jackson Street, Golden, CO
Coors Credit Union 303-279-9511
816 Washington Avenue, Golden,
Jeffco Federal Credit Union 303-278-4907 2433 Ford St, Golden, CO
Surrounding Local Area Businesses
The Golden Touch Wellness Center
514 Ninth Street
Golden, CO 80401
60 or 90 minute Massage and Facial booked consecutively. Not valid with
any other offers. Treatments must be used consecutively - no exceptions,
For a Free Consultation Call
4415 Eldridge St. Golden Colorado
Colorado Inside Scoop Supports Local Business
in Your Area
Website Design, Facebook, Advertising
Jump Start Your Business
Call for more details
Call For Quote
Denver | Aurora | Arvada | Westminster | Centennial | Thornton | Highlands Ranch | Littleton | Broomfield | Wheat Ridge | Englewood | Northglenn | Commerce City | Golden | Federal Heights | Greenwood Village | Cherry Hills Village | Sheridan | Edgewater | Lone Tree | Glendale | Bennett | Strasburg | Byers | Indian Hills | Deer Trail | Morrison | Louviers | Black Hawk | Idledale | Eastlake | Henderson | Adams City | Watkins | Dupont | Montbello | Acres Green | Foxfield | Welby | Applewood | Bow Mar | Carriage Club | Columbine | Cottonwood | Gold Hill | Grand View Estates | Gunbarrel | Heritage Hills | Ken Caryl | Lakeside | Meridian | Mountain View | North Washington | Roxborough Park | Sherrelwood | Southglenn | Todd Creek | Twin Lakes | Westcreek | Parker | Franktown | Evergreen | Genesee | Idaho Springs | Columbine Valley | Denver (metro)
Choose a Category Below to View Surrounding Local Businesses