Financial & Incentives Service
Why not take advantage of financial incentives with going off the grid with your residents? Take advantage of both locally and federally incentives to help you go off-grid solar today!
While the State of Colorado no longer offers tax credits for residential solar, the federal government still provides a 30% Investment Tax Credit for home solar power systems. You can take the total cost of your solar system installation, and apply 30% to your tax liability for the year
Now is a great time to take advantage of the 30% ITC. This ITC will not last forever; it holds steady at 30% through 2019, after which there is a gradual decrease until the credit ultimately reaches a cap at 10% in 2022. To maximize your ITC percentage, be sure to act before the end of 2019.
The Colorado RENU Loan is a statewide residential loan program sponsored by the Colorado Energy Office in partnership with Elevations Credit Union. It makes home energy upgrades easy and affordable by offering low-cost, long-term financing for energy efficiency and renewable energy improvements.
Colorado RENU Loan Terms
- Loans from $500 to $50,000
- No money down, finance up to 100% of project cost
- Low, fixed interest rates
- 3-, 5-, 7-, 10- and 15-year terms
Which project types can you finance?
- Space heating & cooling
- Insulation & air sealing
- Water heating
- Energy analysis & monitoring
- Windows & doors
- ENERGY STAR appliances
- Lighting
- Solar PV & solar thermal