Tax incentives heading for 2020 sunset.
Federal tax incentives designed to get businesses to convert to solar energy will sunset at the end of 2019 — and a new initiative hopes to get as many Colorado dealers onto solar energy as possible before then.
The Colorado Solar Project 2020, which will begin its statewide launch on April 20, is a collaboration between the Colorado Automobile Dealers Association and two solar energy companies — SunPower Corp. of San Jose, Calif., and Independent Power Systems of Boulder, Colo. — to get dealerships in the state onto the solar grid.
The project’s director is Ryan Ferrero, a former Colorado Chrysler, Jeep, Dodge, Kia and Mazda dealer. He also is CEO of Ignyte Lab, the parent of Independent Power Systems.
Ferrero said the time is right for dealers to convert their businesses to solar energy as costs continue to fall and incentives remain in place. A 2016 study by the U.S. Department of Energy found that installed prices for small, nonresidential solar systems dipped 7 percent in 2015, while larger systems fell 9 percent. Read more about solar incentives here.
By Josh Irwin, Autonews.com