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Colorado Solar Panels: Pricing and Incentives

Written by Caitlin Ritchie

Edited by Hannah Hillson

Last updated 01/06/2023

6 min read

Brad McGinley Photography/moment/ Getty Images

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Property Tax Exemption for Residential Renewable Energy Equipment Consumers who purchase solar systems for their homes are exempt from paying increased property taxes that result from the solar installation.
San Miguel Power Association Rebate Program Customers of this utility will receive a rebate when they install solar systems on their property.
City of Boulder - Solar Sales and Use Tax Rebate Residents in Boulder will receive a refund of about 15% of the sales and use tax that they pay once they’ve installed a solar system.
Net Metering Programs Depending on the location, residents in Colorado may be able to sell excess electricity generated by their solar system back to the power grid through net metering programs.
Residential Clean Energy Credit This federal incentive offers a 30% tax credit to consumers who buy a solar system for their residence between 2022 and 2032.

Solar power FAQs

  • Solar systems are measured in price per watt, with an average of $3.67. On average, residential solar arrays cost $31,500 before factoring in tax credits and incentives. Installation prices may vary as well, depending on the installer and location.

  • Depending on where you’re located, the amount of sun you normally receive, and your energy consumption levels, solar panels can be a great investment in Colorado. The state normally experiences over 300 sunny days every year, giving solar panels in Colorado ample time to run efficiently. A working solar system can also increase your home’s value, meaning the investment could really pay off if you ever choose to sell your home. 

  • How much you save depends on many factors. The size of your system affects how much energy you generate and store in solar batteries. Potential savings are also influenced by how much energy you normally use in your home. Lower usage homes may have higher savings because they draw less power from the grid. Net metering programs can also allow you to sell electricity generated from your solar system back to the grid.

  • SaveOnEnergy can help you find trusted solar installers near you. Fill out the form above to start the process of powering your home with solar power.

  • Solar power is a renewable resource that doesn’t emit carbon dioxide or other forms of air pollution. By installing a solar panel array on your home, you can drastically lower your home’s carbon footprint.

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