Top 7 Reason to go Solar in Colorado
Colorado has an average of 245 sunny days per year. One of the reasons Coloradans are going solar is to use all of this sunshine to power their homes in a cleaner, safer, and more affordable way. Colorado also has excellent solar incentives to help you get started with solar for less money.
1. REDUCED OPERATING COSTS:
The cost of energy is one of the most concrete and important benefits of going solar. Your electric bill is significantly decreased, and in some cases even eliminated, by the electricity a solar system generates, allowing you to save the difference or use the money elsewhere.
2. GOOD RETURN ON INVESTMENT:
When a company considers a large financial investment, it is critical that it has a high return and a short payback period. The payback period for solar arrays is typically 3 to 6 years, depending on system size and financing solution used. Following that payback period, all financial advantages and savings contribute significantly and directly to your ROI.
3. TAX ADVANTAGES:
To add to the savings from lower energy costs, the federal and state governments offer tax breaks to encourage property owners to install solar energy solutions. With the federal Income Tax Credit and accelerated depreciation, a property owner in the right tax situation can reduce system costs by up to 50%. A company that has gone solar can choose to spread this benefit over the life of the system or apply it retroactively to previous tax years.
4. REDUCED CARBON FOOTPRINT:
Solar energy is environmentally friendly, renewable, and abundant. Solar energy, unlike fossil fuels, does not emit harmful carbon emissions or other greenhouse gases that are known to contribute to global warming. Your company can reduce its carbon footprint and contribute to a culture of sustainability by using solar electricity instead of electricity generated with fossil fuels.
5. LIMITED MAINTENANCE:
Solar panels do need some cleaning and maintenance to work at full capacity, but there is almost no maintenance needed on a daily basis. This makes them an easy “tenant” for your business. An experienced solar developer can help you take care of your solar PV system so that it works as well as possible.
6. IMPROVED PROPERTY VALUES:
Home solar installation in Boulder, Colorado, plays a pivotal role in boosting property values. According to the American Association of Appraisers, a building with a solar PV array has a higher market value than a building without one, as well as better resale values for owners.
7. FLEXIBLE FINANCING OPTIONS:
For commercial businesses, there are a variety of flexible financing options available, including options that require little to no up-front costs. Modern financing solutions provide advantageous options for businesses and organizations of all sizes, regardless of available capital or tax appetite. Whether you want to buy the system outright, lease it, or simply buy the power from an array, there is a solution for almost everyone who wants to go solar.
Have questions? Contact Les Madson @720-351-2372