Solar Panel Savings in Colorado
Colorado gets 5.5 peak sun hours per day with electricity at 15¢/kWh. See how much you can save with solar panels.
Solar Panel Cost & Savings by System Size in Colorado
| System Size | Gross Cost | After Credits | Payback | 25-Year Savings | Annual kWh |
|---|---|---|---|---|---|
| 6 kW | $16,500 | $11,550 | 7.9 yrs | $36,576 | 12,045 |
| 8 kW | $22,000 | $15,400 | 10.2 yrs | $32,726 | 16,060 |
| 10 kW | $27,500 | $19,250 | 12.3 yrs | $28,876 | 20,075 |
| 12 kW | $33,000 | $23,100 | 14.3 yrs | $25,026 | 24,090 |
Includes 30% federal ITC + 0% Colorado state credit. Assumes 3% annual electricity rate increase and 0.5% panel degradation.
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Is Solar Worth It in Colorado?
Colorado averages 5.5 peak sun hours per day, which means an 8 kW solar system would produce approximately 16,060 kWh per year. At the state's average electricity rate of 15¢/kWh, that translates to significant annual savings on your electric bill.
With the federal 30% Investment Tax Credit and Colorado's 0% state incentive, an 8 kW system costing $22,000 drops to just $15,400 after credits — with a payback period of approximately 10.2 years.
Over 25 years, homeowners in Colorado can expect to save $32,726 with an 8 kW system, factoring in panel degradation and rising electricity costs. The combination of excellent sun exposure and federal incentives makes solar a solid investment in Colorado.