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Solar co-op launches for Broomfield residents to go solar together

On the heels of the Inflation Reduction Act, local solar co-op makes the path to going solar even easier
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NEWS RELEASE
SOLAR UNITED NEIGHBORS
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The City and County of Broomfield and nonprofit group Solar United Neighbors (SUN) announced today the launch of the Broomfield Solar Co-op to help Broomfield residents and small businesses go solar. 

“The launch of the Broomfield Solar Co-op is a win-win for the city and community; helping us become a more sustainable city overall and helping families save money on their energy bills,” said Mayor Guyleen Castriotta. “We’re thrilled that this program will help demystify the process of going solar and residents will be able to access a competitive offer from a trusted solar installer.”

The co-op is free to join and open to homeowners and small business owners in Broomfield. Together, co-op members will learn about solar energy and leverage their numbers to purchase top quality individual solar systems at a competitive price.

“The Broomfield Solar Co-op is an exciting new program that will help residents access solar energy, save money, and build a more sustainable community,” said Ryan Resch, Energy and Environmental Specialist for Broomfield.

After a competitive bidding process facilitated by SUN, which remains vendor neutral, co-op members will select a single solar company to complete the installations. Joining the co-op does not obligate members to purchase solar. Instead, members will have the option to individually purchase panels and electric vehicle chargers based on the installer’s group rate.

Co-op members will also have the opportunity to take advantage of the solar tax credit for rooftop solar, thanks to the recent passage of the Inflation Reduction Act (IRA). The IRA increases the tax credit to 30% and extends it for another 10 years, while also expanding other clean energy incentives, like home battery storage. These credits make solar and electrification more affordable than ever. New financing options are also making solar doable – such as the Solar Equity Loan offered by the Colorado Clean Energy Fund, which is available to households with an annual income less than $57,000. 

“The solar co-op will enable Broomfield homeowners and business owners to join the growing community of people saving money by harnessing solar power,” said Tanner Simeon-Cox, Colorado Program Associate for Solar United Neighbors.

Also partnering with the co-op are Broomfield Housing Alliance, Broomfield Fellowship in Serving Humanity, Broomfield Community Foundation, Broomfield Early Childhood Council, Sustainable Broomfield, Habitat for Humanity, Brothers Redevelopment, Colorado Renewable Energy Society, Green Latinos, and Vote Solar. 

SUN has hosted 16 solar co-ops in Colorado since 2019. According to the group’s estimates, the 363 homes and businesses that now have solar panels because of co-ops represent: 2.5 megawatts of solar power, $7.4 million in local solar spending, and more than 52,000 tons of lifetime carbon offsets. These projects are anticipated to save families over $12 million over the next 25 years. 

SUN will host free information sessions to educate community members about solar energy and the co-op. Individuals interested in going solar can sign up for the co-op or the upcoming information session on the co-op web page solarunitedneighbors.org/broomfield

An additional information meeting is planned for:

Solar 101
Wednesday, Jan. 25, 2023
6 p.m.
Virtual
RSVP here

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