Like many Denver homeowners, you may have noticed the increased energy bills we have been paying to our utility company. The price of natural gas has skyrocketed all over the world, but Colorado homeowners feel it a little more due to the need to cool and heat their homes in different seasons.

Fortunately, The Mile High City has several tax credits, financial incentives, and payment options available to help you switch to solar energy and reduce your energy costs. Here are a few local incentives that make solar system installations more affordable than ever before.

• Federal Solar Investment Tax Credit: The Federal Investment Tax Credit (ITC) is a 30% federal solar tax credit on the cost of your solar system
• Solar System Property Tax Exemption: Property Tax increase may also be exempt when you add solar panels to your home
• Home Solar System State Sales Tax Exemption: Denver residents may not have to pay any Sales Tax on their renewable energy solution
• Net Energy Metering: Net Metering or Net Energy Metering (NEM) enables eligible solar owners to receive a credit on their electric bill for the energy their system generates
• C-PACE Loans: Property Assessed Clean Energy Loans may give you more financing alternatives and could even pay the total cost of your solar panel system
• Denver Solar Rights Act: Protects your rights as a homeowner when you invest in a solar system with a Meraki

Residential solar panels could generate up to 2000 Watts (2kW) per day. As a frame of reference, a typical refrigerator has a running wattage of around 150 watts per day. A standard solar system could generate more than enough solar power to supply your home during the day.

One question you may have is, “What do I do with the excess energy from my solar system?” And the answer is that you may be able to sell it back to the Denver solar grid! This process is called net metering, and it helps balance out the costs of needing to pull in power from the grid when the sun isn’t shining.

Fortunately, The Mile High City has more sunshine, on average, than most places in America. Denver homeowners quickly see how much solar power their solar panels produce; some even save thousands of dollars in energy costs. Get your free solar quote today to see how much you could save by installing solar panels on your home or business.

How do solar panels turn sunlight into usable electricity anyway? Understanding the magic behind your solar panels could help you see why solar panels are an excellent investment and a natural solution for the future of Denver electricity. Here is a quick, 5-step summary of how the powerful sun provides energy to your home!

1. Sunlight: The primary component for producing renewable energy is solar energy from the beautiful yet powerful sun
2. Solar Panels: With your solar panels in perfect position, they can receive that sunlight onto the main layer of silicon crystal
3. Inverter: The inverter turns that direct current (DC) energy from the solar panels into safe and usable alternating current (AC) electricity for your use
4. Breaker Box: The breaker box passes this electricity into your home at safe levels to power your appliances and helps prevent any power surges
5. Electricity Production: Extra energy produced will flow through a utility meter to enter the power grid

As you may now know, Denver is closer to the sun than any other city in the US and sees upwards of 300 days of sunshine per year. Rooftop solar panels in Denver do exceptionally well in all seasons and are definitely worth it in Colorado!

Not only are they worth it, but they are also an excellent investment considering the many tax credits and solar incentives Denver offers qualifying homeowners. If you’re still not sure about the benefits of solar panel installation, here are a few more reasons that you should consider:

• Solar energy has positive environmental impacts and helps mitigate climate change
• Residential solar panels could increase the value of your property by up to 5%
• You may profit from the excess energy your system generates via net metering.

As one of the most trusted local solar companies in Denver, we aim to simplify the solar buying process for you and pride ourselves on the best customer service. We will help educate you on your options and find all the discounts and incentives available. Solar installation in Denver is more affordable than you may think! Get your free solar installation quote started today.

After utilizing the renewable energy federal tax credit, the average solar panel system costs between $10,000 and $30,000. The overall cost depends significantly on the size of your system, and the number of solar panels. Fortunately for Denver, several solar installation incentives may be available to you with Meraki Solar, including property and sales tax exemptions, solar tax credits, and net metering programs to help you reduce the average solar panel cost.

There is no standard cost for solar installations or the addition of solar batteries because every solar installation is customized for that particular home. However, Meraki Solar offers zero-down solar and free solar quotes with no obligations, which gives you the time to understand how little you could pay for a new solar energy system for your home.