Why Is My Electric Bill So High in Colorado? How Solar Can Help.
If you’re wondering, “Why is my electric bill so high in Colorado?,” you’ve come to the right place. Find out why bills are rising & how you can reduce them!
Discover Battery Storage Incentives in Denver, CO and the Front Range
Empower Your Home with Solar Battery Storage
Are you ready to take command of your energy costs with battery storage incentives, Denver, CO and surrounding areas? Solar Power Pros, a proudly veteran-owned and operated company since 2013, has been dedicated to helping you harness the power of solar energy and battery storage—all while saving you money. With advancing battery technology and stackable incentives, solar batteries have never been more affordable for Colorado homeowners.
Discover how these local battery incentives can work together to significantly reduce your battery costs.
ACT NOW! Many incentives have funding caps or expirations, so funds may run out at any time. This is the best lineup of battery storage incentives in Denver, CO and surrounding areas we've seen to date. Don’t miss out on the best deal for your battery project.
Tesla Powerwall 3
Solar Power Pros is a Tesla Powerwall Certified Installer for Colorado. We’re thrilled to be your go-to storage experts for the latest Powerwall 3. This advanced model is a fully integrated solar and battery system designed to meet your home’s current and future power needs, offering increased capacity and easy expandability in a single unit. The majority of battery incentives listed here apply to this model. Let’s make your energy goals a reality—let’s talk Powerwall 3!
DENVER & COLORADO BATTERY STORAGE INCENTIVES
Xcel Energy Renewable Battery Connect for Powerwall 3
The Renewable Battery Connect program is designed to optimize energy usage by managing local battery storage during peak demand periods. By participating, you not only reduce your reliance on the grid but also contribute to stabilizing Colorado’s energy infrastructure. You can think about your battery like a connected energy storage network that increases resilience for you and your neighbors. It’s a strategic move for your wallet and a win for our community.
How Do You Earn the Incentive?
By participating in the Renewable Battery Connect program, you receive a cash incentive in exchange for allowing Xcel Energy the ability to automatically manage your battery during periods of peak energy demand (AKA a “load control event”).
Xcel can schedule up to 60 control events annually to manage battery usage during peak demand. On other days, your battery operates per your normal settings. After each event, they leave at least 40% battery capacity. Be aware that Excel will NOT give you advance notice before a control event, but you can monitor battery usage via your battery app.
Eligibility and Equipment
Solar Power Pros is solely installing the Tesla Powerwall 3 as a part of this rebate program. To participate, you must be an Xcel Energy Colorado electric residential customer and install a Tesla Powerwall 3 on your home.
What Are the Cash Benefits?
This Xcel battery rebate is calculated from the total battery equipment cost, so it may vary based on the kilowatt (kW) size of your battery. Equipment cost calculations do not include labor, nor do they take out state or federal incentives. Incentive payments arrive 60 days after you’re installed and Xcel Energy grants you “permission to operate.
All scenarios offer a $100 annual participation incentive for participating in control events (for 5 years). Additionally, you’ll receive the lesser of $500 per kW of energy storage installed or 50% of the equipment-only cost.
- Tesla Powerwall 3 = 11.5 kW x $500 = $5,750 per battery
Our pros can customize a battery quote based on the energy needs of your home.
Cost breakdown is for example purposes only, everyone’s solar installation is different.
Xcel Disproportionately Impacted Communities Battery Rebate
For those who live in Xcel Disproportionately Impacted Communities (DI Communities), the Renewable Battery Connect calculation allows for greater savings. You’d still receive the $100 annual participation incentive for participating in control events (for 5 years). Plus, you’ll receive the lesser of $800 per kW of energy storage installed or 75% of the equipment-only cost.
- Tesla Powerwall 3 = 11.5 kW x $800 = $9,200 per battery
To qualify, your residence must be located in a Disproportionately Impacted Community (DI-Community), as identified on the EnviroScreen map developed by the Colorado Department of Public Health and Environment. Our Pros can help determine whether you are eligible for this program.
Denver Climate Action Rebate (CARes)
Denver’s Home Energy Rebate program helps residents improve energy efficiency and reduce natural gas use in their homes. It offers an upfront rebate for battery storage, avoiding the need for later reimbursement. The Climate Action Rebate program provides $500 for battery installation costs. There’s an added benefit if you already have a heat pump, heat pump water heater, or bidirectional EV charger, increasing your rebate to $2,750. In either case, your incentive cannot exceed 80% of your total project costs.
Don’t wait to act on this rebate! Funding is almost gone for the year. Get started today.
Denver Main Panel Upgrade
Denver’s Home Energy Rebate Program also offers a rebate for Electric Service Upgrades. This includes SPAN electrical panels. When paired with a solar battery, a SPAN Panel can increase your energy efficiency, saving you money long term. Gain greater control over your home’s energy from anywhere via the app and maximize your battery efficiency.
Receive up to a $2,000 rebate (not to exceed 80% of the project cost) on your SPAN Panel.
Electric service upgrades are only available when paired with one of their other Home Energy Rebates, like the Denver Climate Action battery rebate above.
Colorado State Tax Credit for Powerwall 3
Colorado state offers an exciting 10% tax credit on battery hardware, providing additional savings on your energy upgrades. Installing Tesla Powerwall 3 equipment could save you up to $1,200. Simply file for this credit during tax season following your installation, similar to the federal tax credit. To take advantage of this opportunity, use the DR-1307 form when you file your taxes.
Federal Tax Credit Applies to Solar Batteries
Residential solar installations in Colorado qualify for the federal Investment Tax Credit (ITC), which covers solar batteries along with solar panels, installation costs, and permitting fees—enabling you to reduce your federal tax liability by 30% of the total costs of your solar and battery installation.
The United States first deployed the federal tax credit for solar panels in 2006, with subsequent extensions, most recently under the Inflation Reduction Act of 2022. Under this legislation, the 30% solar tax credit applies to installations completed between 2022 and 2032, after which it will gradually decrease and phase out.
MISSION: SAVINGS!
Combine Incentives for Greater Savings
Looking to maximize your savings? Solar incentives and battery storage incentives in Denver, CO and the Front Range can be combined for even greater financial benefits. Because everyone’s home energy needs are different, our solar pros can help you navigate these opportunities to ensure you’re maximizing your savings potential.
Cost breakdown is for example purposes only, everyone’s solar installation is different.
Why Choose Our Pros?
At Solar Power Pros, our roots run deep in Colorado as a veteran-owned and operated business since 2013. We’ve earned a reputation for excellence with stellar online reviews and industry-leading warranties that provide peace of mind. Our installations are performed by our own dedicated team of W-2 employees, ensuring you get excellent craftsmanship and customer satisfaction.
Local Expertise
As a local business, our pros understand the unique energy challenges of the Denver area. Our team is committed to delivering personalized service and reliable solar and battery solutions tailored to your needs.
Flexible Financing Options
While you can gain significant savings off your costs, solar financing can help get you the rest of the way. We offer $0 down financing options to make solar and battery storage accessible for everyone. We want you to start saving from day one with financial ease.
"Solar Power Pros installed 21 panels on my house, and it has been going exactly according to plan. I have had a good experience and was originally recommended by a friend."
Previous
Next
Meet with a Pro! Schedule Your Consultation Today
Ready to explore your options? Whether you’re seeking a complete solar and battery storage solution or looking to integrate a battery into your current setup, we can help.
Call 303-797-6527 or schedule a free consultation with one of our pros today. We’ll walk you through the benefits of solar battery storage, give you a rundown on which incentives and rebates you’re eligible for, and help you find the best total solution for your home.
