Solar power in Colorado Springs, Colorado
The city of Colorado Springs provides net metering to its customers.
There is also federal ITC, meaning a large portion of the system cost can be claimed as a deduction to federal taxes. With this sort of investment opportunity you'd be mad not to go solar and for each year you wait incentives will only get worse and your power bill will only go up.
Even if you're still sceptical, it doesn't hurt to get a free estimate by entering your zip code into our calculator for an estimate.
Net Metering Broken Down
Net metering values unused solar generation at retail value per kWh. After covering your bill from times your system can't service your loads, credit is given to future months at the same rate.
Net metering is excellent because solar produces the most during the middle of the day when most people aren't home, all that power sent to the grid are savings!
The average cost of installing residential solar panels in Colorado Springs,
Colorado in 2024 is
$2.67 per watt. The average system size
in the US is 6 kilowatts, which means the average price of a solar system
in Colorado Springs, CO
is $13,350.
(after claiming 26% tax credit and other rebates)
The 26% federal solar tax credit explained
If you have a federal income tax liability, 26% of the cost of your solar system can be claimed as a deduction to your taxes. This incentive is claimed when you do your taxes. In order to receive the tax credit quicker it's best to do your taxes as soon as possible after installation.
What if my tax liability is less than 26% of my systems costThere is the option to claim this incentive over several years if your tax liability is less than 26% of the system cost.
How much will solar panels on my home save me?
The answer to this question depends on your electricity usage. Generally speaking the greater your power usage the greater the potential savings from installing solar.
The average monthly usage in Colorado is only 706kWh per month however, you are most likely using a lot more than this since this average includes condos and small apartments.
The Colorado Springs solar panel savings calculator below will convert your monthly power spend into power usage (in kWh's) and then work out exactly how many solar panels you need to offset your usage, how much they will cost based on the prices of local solar companies and the amount you will save. Our Colorado solar savings calculator can do this because it contains a database of the electric rates charged by Black Hills/Colorado Elec.Utility Co. LP, City of Fountain, Colorado Springs City of, XCEL - Public Service Company of Colorado, Intermountain Rural Elec Assn, Mountain View Elec Assn Inc, Southeast Colorado Power Assn, Aquila Inc, WAPA-- Western Area Power Administration
How much can solar panels save you in Colorado Springs
What does the cost of a real solar system look like?
Facts about installing a 8.86kW solar system in Colorado Springs, CO
This system would offset 100% of your energy usage if your typical monthly bill is $178, however your situation may vary so try our Colorado Springs solar calculator to get a result tailored to you.
$16,260
Net cost of system
5 Years 6 Months
Average payback time
13,692 kWh
Annual power production
5¢/kWh
Levelized cost of solar energy
28¢/kWh
If you don't get solar
Cash flow graph based on cash purchase of this 8.86kW system
Life-time savings on this system over the next 25 years
$77,032
(Prices shown after repayments of capital)
29
Solar companies in Colorado Springs, CO that provide pricing through the SolarEstimate marketplace.
Average total cost of solar panel installation in Colorado Springs
| System Size |
Cash purchase After 26% solar tax credit |
Financed purchase After 26% solar tax credit |
|---|---|---|
| 3kw | $6,371 | $6,881 |
| 4kw | $8,288 | $8,951 |
| 5kw | $10,101 | $10,909 |
| 6kw | $11,855 | $12,803 |
| 7kw | $13,468 | $14,545 |
| 8kw | $14,978 | $16,176 |
| 9kw | $16,450 | $17,766 |
| 10kw | $17,760 | $19,181 |
Find out what system size you need 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 |
| Sales and Use Tax Exemption for Renewable Energy Equipment | State | Sales Tax Incentive |
| Property Tax Exemption for Residential Renewable Energy Equipment | State | Property Tax Incentive |
| RENU Loan Program | State | Loan Program |
| Net Metering | State | Net Metering |
| Colorado Springs Utilities - Renewable Energy Rebate Program | Utility | Rebate Program |
| Black Hills Energy - Solar Power Program | Utility | Performance-Based Incentive |
| Xcel Energy - Residential Energy Efficiency Financing | Utility | Loan Prgoram |
| Xcel Energy - Solar*Rewards Program | Utility | Performance-Based Incentive |
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.
