Given our valuable experience gained from equipping countless Denver businesses and government facilities with commercial solar installations, you can trust that we know how to help you maximize your business’s energy efficiency. Entire commercial solar systems and even new solar panels can be installed on the roof of your Denver property or integrated into a different application such as a parking canopy, depending on your facilities, space and location. Sopris Solar can work with you to discuss your needs, allowing our experts to custom design a solar panel installation layout that meets your Denver businesses' needs.
You don’t have to pay for the entire solar energy system upfront, after asking you a few questions, we can provide financing options from our approved and vetted financing partners that will help you reach your solar installation goals – helping you stay cash-flow positive for the life of the financing. With generous tax incentives, new solar panels offer a simple payback for solar projects that ranges between 5-7 years for most for-profit businesses in Denver looking to buy systems outright. For Denver 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 percent of the cost of Eligible Improvements. Financing is provided by private Capital providers, at competitive rates with repayment terms up to 20 years. 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 of your solar panel installation, up to 20 years, the assessment is repaid, often revealing that the energy savings exceed the cost of 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 Denver property is sold.
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 Denver business’ solar energy system from your taxes. Some states offer additional tax credits, and certain municipalities as well as utilities also offer cash rebates or other incentives. As no upfront costs are associated with solar panel installation, Denver property owners are encouraged to decrease the amount they spend on energy through the implementation of a solar power system, allowing them to modernize their structures by using an alternative energy source and relish in an increased cash flow that entails.
Give us a call or contact us via email for estimates or any questions you may have about our solar panel installation process or about what new solar panels can do for your Denver business.