Despite Setbacks, Solar Continues To Shine in Colorado
Colorado’s solar industry appears stable and even growing, shaking off recent slowdowns and obstacles, including the high-profile failure of Abound Solar in 2012.
The greatest demand at the moment seems to be for community solar gardens, which basically allow consumers who don’t have the ability to install solar panels to purchase electricity from a nearby solar array.
"Clean Energy Collective is definitely a bright spot in the solar industry in Colorado – especially on the Front Range, where we’ve had past failures in our solar industry, including Abound Solar," says BizWest Media reporter Steve Lynn.
Incentives for consumer solar systems – such as Xcel Energy’s Solar* Rewards or net metering programs -- have dropped in recent months. Some feared that decline would hurt Colorado’s industry, although other executives say it's being offset by a drop in installation costs.
Meanwhile, utilities like Xcel in Colorado are commissioning more community solar projects to help meet a state mandate that 30 percent of all electricity must come from renewable sources by 2020 [.pdf]. The requirement for rural electric utilities is 20 percent.
And as more states pass renewable energy mandates, Lynn says solar companies are likely to reap the benefits.
"Companies like Clean Energy Collective, Namaste Solar… these kind of companies that are involved directly in either marketing solar arrays, or building them – or both," Lynn says.
Earlier this month, Louisville-based Real Goods Solar announced a deal to build a 1-megawatt solar array in New York City.