Denver, CO goes solar with SunPower®
Take solar a mile high in the Queen City
The state of solar power in Denver, CO
Denver, CO, has long been a center for the green movement and sustainable living - so it’s no surprise that the city ranks highly in terms of solar adoption. Denver is a leader in solar, ranking in the top ten cities in the U.S. in almost all relevant categories of solar installations.
Taking into account that it is one of the best locations for solar power generation nationwide, along with the support from local legislation and incentives for solar power, Denver is one of the best cities for those seeking a more sustainable way of living.
How much solar power does Denver, CO produce?
According to the Shining Cities 2019 report, Denver is ranked ninth in the U.S. in solar PV installations per capita, at 129.6W. At the same time, Denver just manages to squeak into the top ten cities in the U.S. in terms of total solar PV installations with 91.4MW. These are impressive numbers that only a few cities in the U.S. can beat.
In general, Colorado ranks 11th in the U.S. in terms of solar installations at 1,301.33MW, which amounts to 3.14 percent of the state’s total electricity. That trend should continue in the near future, as another 2,756MW of solar installations are expected to come online in the next five years, essentially tripling current solar production in Colorado.
Is solar power generation feasible in Denver, CO?
Denver is in a location that has enormous solar potential with more than 300 sunny days per year. Colorado was one of the first states in the U.S. to have a Renewable Energy Standard.
On average, Denver sees more than 5 kWh per square meter per day of solar radiation, depending on the index used. Denver’s location is right in the sweet spot for solar power generation, far ahead of the national average.
Although Denver has lower-than-average electricity costs, solar adoption has not suffered. With an average price of a kilowatt-hour of electricity in Denver at $0.1168 - more than 10 percent lower than the national average of $0.1304 - the potential for solar production has to be extremely high for people to decide to go solar. In Denver’s case, that is true.
What legal considerations affect solar power in Denver, CO?
Denver has one of the most supportive legal environments in the US when it comes to promoting solar adoption. The city has net metering, which allows homes and businesses with solar systems to sell back the excess electricity to the grid for additional savings.* In addition to that, the following incentives are available:
Local solar rebates pay up to $750 per one kW capacity installed for systems up to 6 kW. The incentive is lower above that threshold.2
Tax exemptions for solar equipment
Mortgage saving incentives are available for those who purchase existing homes and within 120 days improve the energy efficiency ratings, including the installation of a solar system. Incentives range from $750 to $3,000.*
Federal Solar Investment Tax Credits (ITC) qualified customers can receive a tax credit of 26 percent of the total cost of a solar system*
- *. Utility credits and incentives vary by location and are subject to change. Please visit the dsireusa.org website for detailed solar policy information.
- *. Incentives, rebates, and tax credits vary and are subject to change. SunPower does not warrant, guarantee or otherwise advise its customers about specific tax outcomes or their ability to qualify for local incentives. Consult your tax advisor regarding the solar tax credit and how it applies to your specific circumstances. Your SunPower Dealer can help you determine if you qualify for other local incentives. Please visit the dsireusa.org website for detailed solar policy information.
- *. Tax credits subject to change. SunPower does not warrant, guarantee or otherwise advise its partners or customers about specific tax outcomes. Consult your tax advisor regarding the solar tax credit and how it applies to your specific circumstances. Please visit the dsireusa.org website for detailed solar policy information.
How can I start using solar in Denver, CO?
If you happen to live in Denver, you should consider yourself lucky when it comes to going solar. With plenty of local incentives and affordable cost of solar installations, it has never been easier to make the switch.
Whether you are a homeowner, business or homebuilder, SunPower has services and products to suit your needs. Request a free savings estimate to get started and find out how much you can save with SunPower® solar.
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