Cost & Savings Breakdown
Based on $150/month electric bill in Denver
System Size
7.8 kW
Annual Production
12,696 kWh
Gross System Cost
$22,904
Federal Tax Credit (30%)
-$6,871
State Incentive
-$500
Net Cost
$15,533
Monthly Savings
$122
CO₂ Offset/yr
11,680 lbs
25-Year Savings Projection
Utility & Net Metering
Local UtilityXcel Energy
Net Metering PolicyFull Retail
Compensation RateFull retail rate
Capacity Limit120% of annual consumption
Electricity Rate$0.115/kWh
Peak Sun Hours5.6 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 Denver?
Solar in Denver, Colorado costs approximately $22,904 for a 7.8 kW system. After the 30% federal tax credit, your net cost is about $15,533.
What is the solar payback period in Denver?
The estimated payback period for solar in Denver is 10.6 years, based on a $150/month electric bill and local sun hours of 5.6 hrs/day.
Does Xcel Energy offer net metering?
Xcel Energy offers Full Retail net metering. Full retail rate.