With over a decade of experience performing commercial solar installation for hundreds of Denver businesses and government facilities, we know how to help you improve your business’s energy efficiency. Commercial solar systems in Denver can be installed on the roof of your building or integrated into a different application such as a parking canopy, depending on your facilities space and location. Sopris can work with you to discuss your needs and will custom design a system layout based on your requirements and needs.
Solar rebates and incentives vary depending on your utility provider. The most significant is the 30 percent federal investment tax credit (ITC), which allows you to deduct 30 percent of the cost of your solar energy system from your taxes. Some states offer additional tax credits, and certain municipalities and utilities also offer cash rebates or other incentives.
You don’t have to pay for the entire system upfront. Our team is trained to help choose the best option that fits your needs. By answering a few questions, we can provide a financing option from our approved and vetted financing partners that fit your goals – helping you stay cash-flow positive for the life of the financing.
With generous tax incentives, simple payback for solar projects range between 5-7 years for most for-profit businesses looking to buy systems outright. For companies looking to have no up-front cost, the Colorado Commercial Property Assessed Clean Energy Program (C-PACE) enables owners of Eligible Commercial & Industrial Buildings to finance up to 100% of Energy Eligible Improvements. Financing is provided by private Capital Providers at competitive rates with repayment terms up to 20 years.
With no upfront costs, building owners are encouraged to lower their cost of energy and update and modernize their buildings energy source all while relishing in an increased cash flow.
C-PACE financing repayment is facilitated through the County property tax assessment process. A voluntary assessment (similar to a sewer district assessment) is placed on the building owner’s property tax bill. Throughout the financing term, up to 20 years, the assessment is repaid, which often the energy savings costs is higher than your assessment, in turn leading to equipment upgrades. Because the C-PACE assessment obligation runs with the property, the assessment automatically transfers to the next owner when the property is sold.