Cost of solar in Denver, CO

Electricity Consumption in Denver

Electricity Consumption by Colorado residents averages 706 kWh per month. It ranks #15 in the nation for savings from installing solar panels on the home.

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Solar power in Denver, Colorado

Xcel being the power provider in Denver means that residents and business owners here receive full net metering greatly enhancing the payback times for installing solar. Net metering means that utilities must credit you 1 for 1 with their retail power price for excess solar production sent to their grid. Xcel also runs an SREC program where they must source a percentage of their energy from renewable sources to keep the government happy although the money Xcel gives out is one 2 cents per kWh of solar generated it's still better than nothing. There is also the 30% federal solar tax credit so you can claim 30% of the total system cost as a tax deduction. Many incentives are set to expire or step down so homeowners best act now!

Even if you are not convinced about solar we recommend that at the very least you use the solar panel calculator to find out:

 

Estimate your solar savings

 

Solar power in Colorado

The average cost of installing residential solar panels in Denver, Colorado in 2018 is $3.56 per watt. The average system size in the US is 6 kilowatts, which means the average price of a solar system in Denver, CO is $17,800. (before claiming 30% tax credit and other rebates)

What does the cost of a real solar system look like?

Facts about installing a 3.58kW solar system in Denver, CO

This system would offset 100% of your energy usage if your typical monthly bill is $54, however your situation may vary so try our solar calculator to get a result tailored to you.

$9,573

Net cost of system
Cash - after 30% solar tax credit

11 Years 6 Months

Average payback time

5,258
kWh

Annual power production


/kWh

levilized cost of solar energy

22¢
/kWh

If you don't get solar
The forecast average utility price over the next 25 years

Cash flow graph based on cash purchase of this 3.58kW system

Life-time savings on this system over the next 25 years

$14,968

(Prices shown after repayments of capital)

 


 

Solar companies in Denver, CO that provide pricing through the Solar-Estimate marketplace

63

 


Solar calculator and quote comparison tool

Average total cost of solar panel installation in Colorado

System Size Cash purchase
After 30% solar tax credit
Financed purchase
After 30% solar tax credit
3kw $8,148 $8,800
4kw $10,556 $11,400
5kw $12,810 $13,835
6kw $14,952 $16,148
7kw $16,905 $18,257
8kw $18,704 $20,200
9kw $20,349 $21,977
10kw $21,840 $23,587

 

Design your own solar panel system for your home

Going solar in Colorado

Check out all of the ways energy providers of Colorado can help you be more energy efficient and save money.

The following programs are available:
Incentive Name Eligibility Type
Residential Renewable Energy Tax Credit Federal Personal Tax Credit
Find your local rebates and incentives

Please keep in mind that the best source of up-to-date information on incentives are the solar installers who specialize in your area.