Solar Savings Calculator for Colorado Springs, CO

Homeowners in Colorado Springs pay an average of $145/month for electricity through Colorado Springs Utilities. With 5.6 peak sun hours per day, solar panels can significantly reduce your energy costs.

$145
Avg Monthly Bill
15.2¢/kWh
Electricity Rate
5.6h/day
Peak Sun Hours
$49,047
Est. 25-Year Savings

Calculate Your Savings in Colorado Springs

Adjust Your Details for Colorado Springs, CO

$
$50$1,000
50010,000
50¢

Your Estimated Solar Savings

System Size
6 kW
Panel Count
15 panels
Total System Cost
$16,500
Federal Tax Credit (30%)
-$4,950
Net Cost
$11,550
Annual Savings
$1,740
Payback Period
6.6 years
25-Year Savings
$49,047
Return on Investment
425%

* Estimates based on 5.6 peak sun hours/day in Colorado Springs, CO, system cost of $2.75/watt, 30% federal ITC, 3% annual electricity inflation, and 0.5% annual panel degradation over 25 years. Actual results may vary.

Local Solar Details for Colorado Springs

Utility & Permits

Utility Company
Colorado Springs Utilities
Permit Cost
$300
Permit Timeline
2-3 weeks
Net Metering
full

System Estimates

Recommended Size
6 kW
Panel Count
15 panels
Gross Cost
$16,500
Net Cost (after credits)
$11,550

Available Incentives for Colorado Springs, CO

Federal Solar Investment Tax Credit (ITC)

Reduces federal income tax liability by 30% of the total cost of a solar energy system, including equipment and installation.

30% of system cost

Colorado Renewable Energy Property Tax Exemption

The value added to a property by a solar installation is exempt from property taxes.

100% property tax exemption

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