Estimated Savings for a Typical Colorado Home
Based on a $150/month electric bill
System Size
6.7 kW
Gross Cost
$19,865
Federal Credit
-$5,960
State Incentive
-$500
Net Cost
$13,406
Annual Savings
$1,460
Payback Period
9.2 yrs
25-Year Savings
$36,465
CO₂ Offset/yr
9,950 lbs
Colorado Solar Incentives
30%
Federal Investment Tax Credit (ITC)
Deduct 30% of your total solar installation cost from your federal taxes. Available through 2032 with no dollar cap.
$500
Colorado State Incentive
Colorado offers sales tax exemption on solar equipment.
Net Metering Policy: Full Retail
Top utility in Colorado: Xcel Energy. View full incentives detail →
Solar Costs by City in Colorado
| City | Annual Savings | Payback (yrs) | Population ↓ | Utility |
|---|---|---|---|---|
| Denver | $1,460 | 10.6 | 715,522 | Xcel Energy |
| Colorado Springs | $1,460 | 8.4 | 478,961 | Colorado Springs Utilities |
| Aurora | $1,460 | 10 | 386,261 | Xcel Energy |
| Fort Collins | $1,460 | 8.6 | 164,898 | Xcel Energy |
| Lakewood | $1,460 | 8.1 | 155,984 | Xcel Energy |
| Thornton | $1,460 | 8.1 | 136,208 | Xcel Energy |
| Arvada | $1,460 | 8.5 | 118,428 | Xcel Energy |
| Westminster | $1,460 | 9.9 | 113,479 | Xcel Energy |
| Pueblo | $1,460 | 8.7 | 111,127 | Black Hills Energy |
| Boulder | $1,460 | 10.7 | 105,112 | Xcel Energy |
Solar Savings Calculator
Instant estimate — no email required
$
Quick Facts: Colorado
- ⚡ Avg rate: $0.135/kWh
- 🌞 Peak sun: 5.5 hrs/day
- 🏭 Top utility: Xcel Energy
- 📋 Net metering: Full Retail