Average Cost Of Solar Panels In Colorado

Solar panel costs for an average sized installation in the u s.

Average cost of solar panels in colorado.

Until the end of 2020 you can deduct 26 of the installation costs with the federal investment tax credit itc. Colorado residents pay an average of 9 99 cents per kilowatt hour kwh. 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. Solar panel cost data colorado 2020 updated.

Estimates are based on the average rate of decline. Expect to pay 2 50 to 3 50 per watt with most systems in the 3kw to 10kw range. 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. Knowing the average cost per watt is helpful but what does 2 91 watt actually mean for you.

This is lower than the national average of 10 48 cents per kwh but if your solar panels cover the full electrical needs of your home you can eliminate future electric bills. As of september 2020 the average solar panel cost in colorado is 3 14 w. How much do solar panels cost in colorado. That s how big your loan will need to be to cover it.

Most homeowners pay between 16 532 and 30 820. What is the current average solar panel cost in colorado based on current offers. The average cost of installed residential solar power systems is currently 2 60 per watt. Cost of solar panels over time the average cost of solar panels has fallen 65 from 7 34 per watt in 2010 to 2 53 per watt in 2019.

How does system size impact the cost of solar. A typical 6000 watt 6 kw solar system is 24 028 before the federal solar credit and 17 780 after claiming the federal solar tax credit. 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. As of august 2020 the average cost of solar panels per watt in colorado is 4 00 watt.

The electricity you ll save in the first year of operation would have cost 889 but your loan payments will total 1 442 for a difference of 553 or about 46 per month. 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. A typical 6kw system costs 11 544 after claiming the 26 solar tax credit. A standard 6 kw residential solar system has dropped from 44 000 down to 15 200 over the past decade not including the federal solar tax credit.

As of sep 2020 the average cost of solar panels in colorado is 2 5 per watt making a typical 6000 watt 6 kw solar system 11 078 after claiming the 26 federal solar tax credit now available.