Solarize Summit is a program available to properties located in Summit County. Between April – June 2020, HC3 and Summit Climate Action Collaborative are offering local residents and businesses a limited-time discount on solar panel installation.  For more information on the program and to find out how you can sign-up for an assessment, click here.  For more information on how the Town is addressing sustainability, click here

solarize summit

If you are an owner of a deed restricted property, you may be eligible to add a portion of the value of the solar panel system to the value of your home at the time of sale through Permitted Capital Improvements or through a Solar Agreement.  

The Solar Agreement terms are summarized below.  If you would like to view the entire agreement, click here.

  • The Agreement allows Owner to recover a portion of the cost of the Solar Panels and Systems when the Master Covenant (deed restriction) would not allow the recovery of such cost.

  • The Adjusted Price Limit for the Residential Unit will be adjusted to reflect the agreed value of the Solar Panels and System as of the date of the sale of the Residential Unit. The allowed value of the Solar Panels and System loses value over a twenty-five (25) year schedule, and the value of the Solar Panels and System will be calculated by the Town as follows:

    • Calculate the total number of full months between: (i) the date of the issuance of the certificate of occupancy for the Solar Panels and System by the Chief Building Official of the Town of Breckenridge, and (ii) the date of the sale of the Residential Unit. Divide such number by twelve (12).

    • Determine the amount actually paid by Owner for the Solar Panels and System. Subtract from such amount the amount of the credit provided by Town, if applicable, pursuant to the Solar Panel Program (Total Amount Paid).

    • Divide the number determined in step No. 2 by twenty-five. The resulting number equals the annual loss of value of the Solar Panels and System (Annual Loss of Value).

 

*For an example of this formula, please see the Solar Agreement.

  • The Solar Agreement requires the following terms from the Master Covenant be modified:

    • At the time of sale of the Residential Unit the Owner shall be allowed to add to the Adjusted Price Limit a maximum of one percent (1.00%) of the Adjusted Price Limit to provide the selling Owner with assistance in paying any sales commissions to a licensed real estate broker, attorneys’ fees, and closing costs incurred by Owner in connection with the sale of the Residential Unit. Provided, however, that until such time as an Owner has owned the Residential Unit for three (3) full years, the maximum amount that shall be allowed to provide Owner with assistance in paying any sales commissions to a licensed real estate broker, attorneys’ fees, and closing costs incurred by Owner in connection with the sale of the Residential Unit shall be a maximum of one-half percent (1/2%) of the Adjusted Price Limit.​

    • The Owner shall be responsible for ensuring that at the time of the sale of the Residential Unit: (i) the Residential Unit is clean; (ii) the appliances in the Residential Unit are in working order; and (iii) there are no health or safety violations related to the Residential Unit. Prior to the sale the Residential Unit Town is authorized to take all necessary actions and incur all reasonable and necessary expenses required to bring the Residential Unit into compliance with the requirements of this section. Such actions and expenses include, but are not limited to: (i) cleaning the Residential Unit; (ii) making necessary repairs to or replacements of appliances and/or Residential Unit fixtures, such as windows, doors, cabinets, countertops, carpets, flooring and lighting fixtures; and (iii) correcting any health or safety violation that exists at the Residential Unit. Reasonable and necessary expenses incurred by Town, or its designee, pursuant to this section shall be itemized and documented by Town, and shall be deducted from Owner’s proceeds at closing of the sale of the Residential Unit and paid to Town.

All deed restrictions are different, so it is important to know what your options are.  If you are interested in the opportunity to install solar on your deed restricted home, please fill out the request for information form below and the Breckenridge Housing Division will reach out to you. 

 
 

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