Solar Financing & 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.

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.

Business owners can also take advantages of the 30% federal tax credit for solar and battery installation. All businesses also qualify for a 10% tax credit adder for installing made in America inverters, solar panels. 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.

Non-profits may be eligible for a direct pay option of the 30% federal tax credit. They can also take advantage of the Domestic Content Bonus and Energy Community bonus which total 20% of system cost. More information can be found here and also here.

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.

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.

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.

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.