Coyote Ridge Community Solar Farm

PVREA Cooperative Solar GRID Alternatives

Fort CollinsCO


  • State Colorado
  • Utility type Cooperative utility
  • Regulatory Structure Regulated
  • Community Solar Bill Credit Value Supply-only/Avoided Cost
  • Community Solar Enabling Legislation Yes
  • Value of State Level RECs & Subsidies Moderate = 10% to 25% of value stack
  • Eligible for Tax Benefits Yes
  • Installation type Ground
  • Year energized 2017
  • Project capacity 1,950 KW AC
  • LMI Share of Capacity 40%
  • LMI Requirement Carve-out
  • Energy Rate Average $0.12
  • LMI Customer Savings 12%
  • Minimum LMI Savings Mandated No
  • Potential # LMI Subscribers 280

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Related Best Practices

  • State and Federal Grants or Funding

    State and Federal governments may have grant programs for infrastructure or for renewable energy projects specifically. For example, state grant programs like the Illinois Clean Energy Community Foundation Grants or federal programs like the USDA - Rural Energy for America Program (REAP) and Tribal Energy Program grants from The U.S. Department of Energy offer funding specifically  for solar development.

    U.S. Program Management Office: https://www.grants.gov/ 

    U.S. Department of Energy: Funding Opportunities
    lowincomesolar.org: Grants and Technical Assistance
    LetsGoSolar: Solar Energy Grants, Loans and Mortgages


  • Tax Equity Investment

    If the entity that is building the community solar system is not a taxable entity or does not have a sufficient tax liability, tax equity investment can be used to extend the tax liability of a third-party to the project. The taxable entity will make the investment to build the community solar array and will own that system for a period that allows for full asset depreciation (usually six years). The system is then transferred to the original system developer, less fees taken by the tax equity investor. In this way, the tax incentives can be monetized and reduce the cost of installation. 

    The passage of the Inflation Reduction Act in August of 2022 may impact the structure and financial returns of a tax equity investment. Non-taxable system owners should consider carefully if a direct payment option for the ITC, selling the ITC, or a traditional tax equity investment will provide them the most benefit in terms of financial returns, timing of payment, and transactional ease.

    Congressional Research Service: Tax Equity Financing: An Introduction and Policy Considerations
    Clean Energy FInance Forum: The Way Forward: Direct Pay and the Future of Tax Equity