Exceptional energy cost savings & protection against rising utility rates
In the past 30 years, Colorado has seen its electricity prices increase an average of 2.9% annually, with steeper rises expected in future years. If your monthly energy bill is now $150 (using Colorado’s average 2.9% annual electricity price increase), in 30 years, your monthly energy bill will be $343.67, and you will have spent $84,261 to “rent” energy from the utility. When you purchase a solar system, you are essentially purchasing 30 years’ worth of your home’s energy at today’s rates.
Financing for Your Residential Solar
Empowered Energy Systems LCA is an authorized contractor for the Collective Clean Energy Fund’s RENU Loan, a loan that offers zero money-down financing and no hidden fees. The RENU loan is a collaborative loan product offered by Collective Clean Energy and the Colorado Energy Office.
We encourage you to check with your bank or credit union to see what loan products they offer for a solar installation.
Financial Incentives for Residential Solar
Net Metering
Customers with grid-tied solar electric systems accumulate a bank of energy credits with the utility that they can use at night or during periods of inclement weather. Some utilities, including DMEA, offer a 1:1 credit, allowing you to offset your energy cost with solar!
State and local incentive
Sales tax exemption: Colorado exempts state sales tax on the purchase of solar energy equipment. Reducing upfront costs and increasing your ROI.
Property Tax Exemption: Colorado excludes the value of your solar PV system when assessing your home’s property value.
Colorado Energy Storage Tax Credit
Colorado offers a 10% tax credit on equipment used specifically for energy storage i.e. Hybrid inverters, batteries, and associated warranties.
Solar protects your roof
When we perform deinstallations, it’s obvious that the roofing under the solar system is often in MUCH better shape than the area not covered by solar panels. The sun degrades shingles and the rubber on roof screws much more rapidly if not covered by a solar array.
Increased Home Value and Market Differentiation
Homes with solar installations sell faster and for a higher price without adding to your yearly taxes. Zillow reported in 2025 that homes with solar in Colorado sell for 6.9% higher. 6.9% of a $400k home is $27,600. Homes with solar stand out from homes without, increasing the chances a home buyer would choose your home.
Solid Return on Investment (ROI)
Solar has a solid ROI compared to other investments. Homeowners see a positive internal rate of return (IRR) comparable to or better than other home improvements or long-term savings instruments.
Loan Details:
- Loan Amount: Up to $75,000
- Term: Up to 20 years; no money down
- Rate: Low, fixed interest rate
- Repayment: Monthly principal and interest payments; no prepayment penalties
- Security: Secured by UCC-1 filing on installed measures only; no lien placed on property
- Speed: Financing approvals generally within several business days