#1 Choice of Boulder Home Builders
Home Solar Energy Financing in Boulder Colorado
Financing
The Solar Revolution is a proud participant in the Colorado Residential Energy Upgrade Authorized Contractor Network.
RENU 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.
LOAN TERMS
Low, fixed interest rates starting at 2.75%
No money down; finance up to 100% of project cost
Loan terms up to 15 years (or 20 years for solar PV)
Loans up to $75,000
No prepayment penalties
WHAT CAN YOU FINANCE?
Solar PV & solar thermal
Space heating & cooling
Battery storage
EV charging
Insulation & air sealing
Water heating
Windows & doors
WHO’S ELIGIBLE?
Property owners of existing, single-family homes in Colorado.
Primary, secondary or income properties are eligible as well as townhomes and condos (shared heating or cooling systems are not eligible).
Federal Tax Incentives
The federal solar tax credit: all you need to know
The investment tax credit (ITC), also known as the federal solar tax credit, allows you to deduct 30 percent of the cost of installing a solar energy system from your federal taxes. The ITC applies to both residential and commercial systems, and there is no cap on its value.
The average Solar Revolution customer saves nearly $9,000 on the cost of going solar as a result of the ITC.
Curious as to how much you can save on solar?
How the solar tax credit works
As long as you own your solar energy system, you are eligible for the solar investment tax credit. Even if you don’t have enough tax liability to claim the entire credit in one year, you can “roll over” the remaining credits into future years for as long as the tax credit is in effect. Lastly, it’s important to note that there is no income limit on the ITC program, so taxpayers in all income brackets may be eligible.
What’s covered by the tax credit?
Homeowners who leverage the 30 percent ITC can plan to see the following covered:
Cost of solar panels
Labor costs for installation, including permitting fees, inspection costs, and developer fees
Any and all additional solar equipment, like inverters, wiring, and mounting hardware
Home batteries charged by your solar equipment
Sales taxes on eligible expenses
