Cost & Savings Breakdown
Based on $150/month electric bill in Westminster
System Size
7.2 kW
Annual Production
11,406 kWh
Gross System Cost
$21,340
Federal Tax Credit (30%)
-$6,402
State Incentive
-$500
Net Cost
$14,438
Monthly Savings
$122
CO₂ Offset/yr
10,494 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$0.128/kWh
Peak Sun Hours5.4 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 Westminster?
Solar in Westminster, Colorado costs approximately $21,340 for a 7.2 kW system. After the 30% federal tax credit, your net cost is about $14,438.
What is the solar payback period in Westminster?
The estimated payback period for solar in Westminster is 9.9 years, based on a $150/month electric bill and local sun hours of 5.4 hrs/day.
Does Xcel Energy offer net metering?
Xcel Energy offers Full Retail net metering. Full retail rate.