But the savings opportunities don’t stop there.

A wide variety of statewide and local incentives can chip some more off the price.

However, policies change from time to time.

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Solar sales tax exemptions

Colorado doesn’t collect sales taxon purchases on solar energy and storage equipment.

This includes not only solar panels and systems, but system components and supporting structures and racks.

Eligible homeowners can borrow up to $75,000 for their home solar, battery storage or water heating systems.

There’s no down payment; low, fixed interest rates and a 20-year loan term.

Homeowners can receive rebates worth up to30% or $300 off of some projects.

If you live in a manufactured home, you may qualify for larger rebates.

The Energy Smart programs are administered by these local partners.

Rebates can total $7,500 or $15,000, depending on income.

Incentives are first come, first served.

The rebate is for $750 for battery systems of 6 kWh or larger.

You should be credited at the retail rate for up to a certain point.

For investor owned utilities, that should be at least 120% of your usage.

For municipal utilities or co-ops, the cap is set at 10 kilowatts of solar capacity.

Above that, you may be credited at a different rate.

Excess credits each month will roll over to the next.

Specifics vary by utility, so be sure to understand the requirements of yours before moving ahead.

Empire Electric Association solar gardens

The electric co-opEmpire Electric Association operates two community solar programs.

People can lease a portion of the larger array for energy bill credits.

One of the programs is designated for those who meet income eligibility criteria.

By subscribing, you’ll get a Solar Community credit on your monthly bill.

Solar co-ops are member-driven, and it’s free to join.

Members receive bids to install solar in their home from an installer that was handpicked by the group.

Once you receive a bid, you’re free to decide to move forward.