Solar Panel Installation Cost Colorado

According to the solar energy industries association.

Solar panel installation cost colorado. Colorado s average cost of a solar panel installation ranges from 13 345 to 18 055. 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. The average solar panel payback period is 7 to 12 years and solar energy saves 600 to 2 000 per year on electricity costs. Knowing the average cost per watt is helpful but what does 2 91 watt actually mean for you.

This is 2 44 per watt. The average cost to install solar panels is from 10 626 to 26 460 after tax credit for a 6kw to 12kw system to power an entire house. Colorado solar panel installation costs 2020. There are three types common in the residential market.

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. With labor and other factors solar panel installation costs a total of 2 50 to 3 50 per watt. More than 510 million in colorado solar investments were made in 2016. 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.

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. This is lower than the average price of residential solar power systems across the united states which is currently 2 53 per watt. Solar panel costs for an average sized installation in the u s. Each one has its own pros and cons from price to efficiency.

Sustainability is a high priority for most coloradoans and this is reflected in the state s high solar capacity. 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. They are custom based on the home roof type shading and utility. No two solar power systems are the same.

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. Given a solar panel system size of 5 kilowatts kw an average solar installation in colorado ranges in cost from 13 345 to 18 055 with the average gross price for solar in colorado coming in at 15 700. Installation for the average 5kw system ranges from 11 100 22 400.

Colorado is home to more than 454 solar companies employing about 6 000 people throughout the state. As of september 2020 the average solar panel cost in colorado is 3 14 w.