Solar Savings Calculator for Denver, CO
Homeowners in Denver pay an average of $148/month for electricity through Xcel Energy. With 5.5 peak sun hours per day, solar panels can significantly reduce your energy costs.
$148
Avg Monthly Bill
15.8¢/kWh
Electricity Rate
5.5h/day
Peak Sun Hours
$51,071
Est. 25-Year Savings
Calculate Your Savings in Denver
Adjust Your Details for Denver, CO
$
$50$1,000
50010,000
5¢50¢
Your Estimated Solar Savings
System Size
5.6 kW
Panel Count
14 panels
Total System Cost
$15,400
Federal Tax Credit (30%)
-$4,620
Net Cost
$10,780
Annual Savings
$1,776
Payback Period
6.1 years
25-Year Savings
$51,071
Return on Investment
474%
* Estimates based on 5.5 peak sun hours/day in Denver, 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 Denver
Utility & Permits
- Utility Company
- Xcel Energy
- Permit Cost
- $350
- Permit Timeline
- 2-4 weeks
- Net Metering
- full
System Estimates
- Recommended Size
- 5.6 kW
- Panel Count
- 14 panels
- Gross Cost
- $15,400
- Net Cost (after credits)
- $10,780
Available Incentives for Denver, 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.
Colorado Renewable Energy Property Tax Exemption
The value added to a property by a solar installation is exempt from property taxes.
Other Cities in Colorado
More Solar Tools for Denver
Denver Solar IncentivesAll available tax credits and rebatesDenver Cost ComparisonSolar vs. grid costs over 25 yearsDenver System SizingHow many panels your home needsDenver Permits & RegulationsLocal permit requirementsIs Solar Worth It in Denver?Data-driven analysis for your cityDenver Financing OptionsCompare loans, leases, and PPAs
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