Solar Panel Installation Cost Colorado

Solar panel cost in colorado the average cost for an installed residential solar system in colorado is currently 10 834 after claiming the 26 federal solar tax credit.

Solar panel installation cost colorado.

To help more residents get started on solar energy colorado offers considerable tax incentives and a solid net metering program. Colorado ranked 11th in the nation for installed solar capacity with 925 8 mw of solar energy installed as of 2016. According to the solar energy industries association. Colorado s average cost of a solar panel installation ranges from 13 345 to 18 055.

As of september 2020 the average solar panel cost in colorado is 3 14 w. They are custom based on the home roof type shading and utility. Knowing the average cost per watt is helpful but what does 2 91 watt actually mean for you. Colorado is home to more than 454 solar companies employing about 6 000 people throughout the state.

This is 2 44 per watt. With labor and other factors solar panel installation costs a total of 2 50 to 3 50 per watt. Each one has its own pros and cons from price to efficiency. On a cost per watt w basis you can expect a solar panel installation in colorado to range in price from 2 67 to 3 61.

This is lower than the average price of residential solar power systems across the united states which is currently 2 53 per watt. Explore solar panel installation services. Solar panel costs for an average sized installation in the u s. Usually range from 11 144 to 14 696 after solar tax credits and the average price per watt for solar panels ranges from 2 51 to 3 31.

Installation for the average 5kw system ranges from 11 100 22 400. The average solar panel payback period is 7 to 12 years and solar energy saves 600 to 2 000 per year on electricity costs. As of sep 2020 the average cost of solar panels in colorado is 2 44 per watt making a typical 6000 watt 6 kw solar system 10 834 after claiming the 26 federal solar tax credit now available. More than 510 million in colorado solar investments were made in 2016.

In 2020 the cost for a 5 kilowatt kw solar installation in colorado is about 12 000 after tax credits and about 17 000 before tax credits. Colorado solar panel installation costs 2020. Sustainability is a high priority for most coloradoans and this is reflected in the state s high solar capacity. After accounting for the 26 federal investment tax credit itc and other state and local solar incentives the net price you ll pay for solar can fall by thousands of dollars.

How does system size impact the cost of solar. There are three types common in the residential market.