Solar Financing & Incentives
Welcome to our Solar Financing and Incentives Page, your gateway to exploring the financial benefits and assistance programs available for your solar energy journey. Discover a range of financing options and incentives designed to make transitioning to solar power easier and more affordable than ever before.
Solar Incentives
Federal Incentives
Unlock the financial advantages of solar energy with Federal Incentives tailored for homeowners, business owners, and non-profits. Explore a variety of tax credits, grants, and rebates designed to significantly reduce the upfront costs of solar installation while promoting sustainability and energy independence.
▪ For Homeowners
The Inflation Reduction Act signed into law in 2022 increased the Federal Tax Credit for solar and battery installations from 26% up to 30% and extended it for a decade. It is now in place until 2032. More information about the Residential clean energy tax credit can be found here.
▪ For Business Owners
Business owners can also take advantages of the 30% federal tax credit for solar and battery installation. If your business is located in a designated Energy community you can qualify for an additional 10% tax credit adder. More information about the business tax credit can be found here.
▪ For Non-Profits
Non-profits may be eligible for a direct pay option of the 30% federal tax credit. More information can be found here and also here.
State Incentives
State Sales Tax Exemption: The State of Colorado does not charge sales tax for solar equipment.
Local Incentives
San Miguel Power Association (SMPA) currently offers a rebate up to $300 for solar systems and up to $750 for battery system. More information can be found here.
REAP Grants
Rural Energy for America Program (REAP Grant) are powerful grants administered by the USDA that can pay for 50% of the project cost for energy efficient upgrades including the installation of solar. Agricultural producers and rural small business’s both qualify for this grant. If you own a business in Montrose, Delta, Ridgway, Ouray, Telluride, or Norwood you most likely qualify for this grant funding. More information can be found here.
Solar Financing
At C.A.M. Electric, we provide links to solar financing resources to support your solar energy projects. Explore the benefits of RENU Loans and C-PACE programs, offering flexible terms and competitive rates to help you implement sustainable energy solutions while maximizing your financial savings. Contact us today to learn more about these financing options and embark on your journey towards energy efficiency and cost-effectiveness.
▪ RENU Loans Residential
The Colorado Residential Energy Upgrade (RENU) Loan is a statewide residential loan program sponsored by the Colorado Clean Energy Fund in partnership with Colorado-based credit unions. It makes home energy upgrades easy and affordable by offering low-cost, long-term financing for energy efficiency and renewable energy improvements. More information can be found here.
▪ RENU Loans Commercial
Colorado Clean Energy Fund commercial loans are available to borrowers in the affordable housing, industrial, agricultural, mu8niciple, and non-profit sectors. They are designed to address finance gaps for clean energy and energy efficiency improvements that result in reduced utility costs, reduced greenhouse gas emissions, increased electrification or electrification readiness, and increased renewable energy generation. More information can be found here.
▪ C-PACE for Business Owners
Colorado C-PACE enables owners of eligible commercial and industrial buildings to finance up to 100% of energy efficiency, renewable energy and water conservation eligible improvements. Financing is provided by private capital providers at competitive rates with repayment terms up to 25 years. Learn more here.
Solar Features at a Glance
Explore the key features of solar energy as we go over what to expect during this process and how it will save you money.
Our Preferred Solar Partners
C.A.M. Electric, Inc. proudly partners with industry-leading solar module providers renowned for their reliability and efficiency. Click on their logos below to explore our trusted partners’ websites and learn more about these cutting-edge solar solutions.
Request An On-Site Consultation
Contact our solar company today to inquire about scheduling an on-site consultation to receive a quote for your solar installation. Give us a call at (970) 249-6617 or fill out the form to contact our solar company. C.A.M. Electric’s Solar Specialists will be by your side every step of the way!
