The Roaring Fork Valley is leading the solar revolution!
Solar energy is booming and the cost continues to fall, dropping an annual average of 68% since 2006.¹ With help from local rebates and the federal tax credit program, there’s never been a better time to get into solar.
Our Energy Advisers are here to help you get the resources you need for the system that’s right for you.
THE SOLAR LOWDOWN
There are three main ways to derive clean energy from the sun, all of which will cut your greenhouse gas emissions and reduce your dependence on fossil fuels:
Solar photovoltaic (PV): on-site solar panels made up of semiconductor materials that convert sunlight, aka solar radiation, into direct current electricity.
Solar thermal: hot water system that absorbs radiation from the sun to generate hot air or water on-site, used to meet your domestic hot water and electricity needs
Community Solar: the purchase of a share of off-site solar PV array to receive utility bill credits. Provided locally by Clean Energy Collective on Holy Cross Energy’s grid, community solar is currently sold-out in the region but there’s a waitlist here.
This solar PV system provides an estimated 4,752 kWh annually to power the home’s refrigerator, lights and electronics. The rebates from CORE’s Energy Smart program and Holy Cross Energy covered half of the cost of the system!
The homeowner of these three solar thermal collectors received rebates from CORE’s Energy Smart program. The solar thermal panels heat water for the sink, shower and other needs.
HOW TO PAY FOR YOUR SOLAR PROJECT:
Rebates: Solar PV
CORE’s Energy Smart rebate*: $1 per watt up to 3kW or $3,000 for on-site, customer-owned systems and $0.50 per watt up to 1.5kW or $1,500 for on-site, customer leased systems. Apply online.
- City of Aspen: $0.75 per watt up to 3 kilowatts, or $2,250. CORE’s Energy Smart program administers the City of Aspen rebates. Apply online.
- Holy Cross Energy: $.20 – $.75 per watt up to 25 kilowatts. Solar PV size limit is 120% of annual kWh usage (although most systems are sized much smaller).
- Glenwood Springs Electric: Solar PV rebates from Glenwood Springs Electric have been suspended for 2017.
- Xcel Energy: Xcel purchases “RECs,” or renewable energy credits, under their SolarRewards program. Incentives are paid to the owner based on the system production.
Rebates: Solar Thermal
CORE’s Energy Smart rebate*: $1,500 per panel for up to two two panels, or $3,000.
Federal tax credit
You could receive a tax credit for up to 30% of the project cost. Consult your accountant or financial adviser with questions pertaining to the tax credit. Learn more at energy.gov.
*CORE rebates are available to residents of the Roaring Fork Valley. Funds are limited. If you are under contract for a system, we encourage you to fill out the application online as soon as possible to make sure rebates are available. We also recommend reaching out to your utility early in the process to ensure compatibility.
- Check out our Solar FAQs to determine if this technology is right for you
- Interview solar contractors with these Six Must-Ask Questions
- Educate yourself on the solar basics from Go Solar California, US Department of Energy, Green Building Advisor (Solar PV and Solar Thermal) and Consumer Affairs
- Find a solar contractor to determine the suitability of you location for solar and proper system sizing