Are Solar Panels Worth It in Colorado? Data-Backed Analysis
✓
Yes
Solar panels are a strong investment in Colorado based on available data.
The Numbers
Average System Cost
$44,137
10.1 kW system
After Federal ITC
$30,896
30% tax credit applied
Total Installations
108,882
97% residential
Factors in Favor
- ✓108,882 installations demonstrate strong market adoption
- ✓Federal 30% Investment Tax Credit available to all homeowners
- ✓97% residential - strong homeowner adoption
Things to Consider
- !Above-average installation cost ($4.37/W vs national $4.18/W)
Colorado vs National Average
| Metric | Colorado | National |
|---|---|---|
| Cost per Watt | $4.37 | $4.18 |
| Total Installations | 108,882 | 3,426,466 |
| Total Capacity | 1,101 MW | - |
Frequently Asked Questions
The average solar system in Colorado costs approximately $44,137 (avg 10.1 kW system at $4.37/W). After the 30% federal ITC, your net cost would be around $30,896.
All Colorado homeowners are eligible for the federal 30% Investment Tax Credit (ITC), which reduces the cost by approximately $13,241. Additional state and local incentives may further reduce your costs. Visit our Colorado incentives page for a complete breakdown.
Colorado has 108,882 solar installations, showing strong market adoption. Combined with competitive costs and available incentives, solar is a strong investment in Colorado.
Source: LBNL Tracking the Sun, U.S. Department of Energy, EIA. Costs and savings are estimates based on average residential installations and may vary.