Residential rebates for solar hot water
Holy Cross Energy offers a rebate for installation of solar domestic hot water systems for customers who use electric water heaters. The rebate covers:
- Up to to 50 percent of project cost
- Up to $1,500 per panel for 1 to 4 panels
- Total potential rebate of $6,000
Holy Cross customers using electric water heaters in existing homes are eligible for the rebate.
The solar thermal rebate does not apply to:
- New construction
- Water heaters fueled by natural gas or propane
- Projects mandated by REMP in Pitkin County or Eco-Build in Eagle County
Holy Cross customers should obtain a pre-application to be sure of rebate funds, which is good for 120 days.
Visit www.HolyCross.com and click on the WE CARE Program link for rebate information and the pre-application form.
Federal tax credits for solar hot water
These tax credits can be taken to offset your federal income tax paid in the year after you install a solar hot water system at your home.
- 30% tax credit, no cap
- Good for projects completed from 2009 through 2016
- Can be used for existing homes and new construction
More information on solar hot water tax credits at ENERGY STAR.gov
The same 30% federal tax credit can be applied to other renewable energy installations, including:
Visit the ENERGY STAR tax credits page, where information on available federal tax credits is regularly updated.
Solar Hot Water Rebates from CORE
Currently CORE offers a $1,000 rebate for commercial or residentail systems. Be sure to check their website for updates to their rebate programs.