Cost & Savings Breakdown
Based on $150/month electric bill in Colorado Springs
System Size
6.2 kW
Annual Production
9,932 kWh
Gross System Cost
$18,244
Federal Tax Credit (30%)
-$5,473
State Incentive
-$500
Net Cost
$12,271
Monthly Savings
$122
CO₂ Offset/yr
9,137 lbs
25-Year Savings Projection
Utility & Net Metering
Local UtilityColorado Springs Utilities
Net Metering PolicyFull Retail
Compensation RateFull retail rate
Capacity LimitNo overall limit
Electricity Rate$0.147/kWh
Peak Sun Hours5.5 hrs/day
Available Incentives
30%
Federal ITC — Deduct 30% of your system cost from federal taxes. Available through 2032.
$500
Colorado State Incentive — Colorado offers sales tax exemption on solar equipment.
Common Questions
How much does solar cost in Colorado Springs?
Solar in Colorado Springs, Colorado costs approximately $18,244 for a 6.2 kW system. After the 30% federal tax credit, your net cost is about $12,271.
What is the solar payback period in Colorado Springs?
The estimated payback period for solar in Colorado Springs is 8.4 years, based on a $150/month electric bill and local sun hours of 5.5 hrs/day.
Does Colorado Springs Utilities offer net metering?
Colorado Springs Utilities offers Full Retail net metering. Full retail rate.