Average Cost Of Solar Panels In Colorado

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.

Average cost of solar panels in colorado.

Estimates are based on the average rate of decline. 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. As of august 2020 the average cost of solar panels per watt in colorado is 4 00 watt. 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.

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. How much do solar panels cost in colorado. Most homeowners pay between 16 532 and 30 820. Solar panel costs for an average sized installation in the u s.

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 cost of installed residential solar power systems is currently 2 60 per watt. As of september 2020 the average solar panel cost in colorado is 3 14 w. How does system size impact the cost of solar.

That s how big your loan will need to be to cover it. Until the end of 2020 you can deduct 26 of the installation costs with the federal investment tax credit itc. Installing a typical 5 kw solar system should start at about 17 500. Colorado s average cost of a solar panel installation ranges from 13 345 to 18 055.

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. With energy prices on the rise this may be the perfect time to go solar. Knowing the average cost per watt is helpful but what does 2 91 watt actually mean for you. Solar panel cost data colorado 2020 updated.

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. 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. What is the current average solar panel cost in colorado based on current offers.

A typical 6kw system costs 11 544 after claiming the 26 solar tax credit.