Colorado is one of the top states in the country for solar energy. The variety of subsidies, incentives, and other perks available to individuals who transition to renewable energy contributes to its success.
Moreover, the federal government, state organizations, and energy companies all provide financial incentives to households that install solar panels. However, it may be difficult for individuals to be informed of all of the solar advantages that are available to them.
This is where a qualified solar panel provider like Denver Home Energy can assist. We can arrange the paperwork and assist you in applying for all of the possible discounts and rebates.
Incentives for Solar Panels
Colorado homeowners may also be eligible for various solar energy subsidies at the national, state, and municipal levels. In fact, those who place solar panels from now until December 31, 2022, can receive a tax credit equal to 26 percent of the overall cost of their residential solar power system.
To obtain this benefit, you need to complete Form 5695 and submit it to the IRS when you make your federal tax return for the same fiscal year you built your photovoltaic system. If you want further assistance, a tax specialist can assist you with it.