How Much Do Solar Panels Cost in Colorado?
Solar panels can range in price pretty drastically, from around $18,000 to upward of $45,000 based on several factors. We address all of these and more in this guide, including topics such as:
- The average cost of solar panels in Colorado
- Factors that affect the cost of solar panels in Colorado
- Solar incentives and rebates in Colorado
- How much money you can save with solar panels
- Choosing the best solar installer in Colorado
Still unsure if solar panels are worth it? Keep reading and send any questions to Cooper Heating and Cooling. We’d be happy to help you decide.
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Average Cost of Solar Panels in Colorado
In Colorado, you can expect a solar panel to cost between $18,000 and $45,000. We tend to average closer to $27,000.
Yes, you can get cheaper installations than we provide, but that doesn’t mean you’re getting the best bang for your buck. Cheaper installations tend to be less efficient and often have reduced lifespans. We only work with the highest-rated solar panels so you know you’re getting your money’s worth.
Factors that Affect the Cost of Solar Panels in Colorado
A lot goes into determining the cost of your new solar panels, including:
- Panel count. The most significant determinant of your final cost is how many solar panels you’re installing. You have to pay for the panels and the installation. The final count you choose depends a lot on what you want to achieve (to supplement existing energy use or to get as close to off-grid as possible).
- Roof design. In Colorado, many homes feature pitched roofing due to winter snow accumulation. This can limit the number of panels you can install or lead to a more complex installation that requires extra labor.
- Available rebates. Solar panel rebates and incentives are readily available to help reduce your costs.
- Solar additions. Additions to your system, such as backup batteries, backup generators, or an EV charger, can increase your overall cost.
- Labor. Labor costs also make up a significant portion of your bill, but you’re paying for your technician’s years of experience. The more labor it takes to get the job done, the higher your bill will be.
Solar Incentives and Rebates in Colorado
You’ve got plenty of access to rebates and tax incentives that can reduce your solar panel install cost, including:
- Residential clean energy credit. This federal tax credit allows you to deduct up to 30% of the cost of your solar panel system from your income, including labor and permits.
- Sales tax exemptions. Colorado exempts solar power systems from state sales tax.
- Local utility incentives and rebates. Be sure to check with your local utility company to determine any cash incentives or rebates for new rooftop panels. These can vary widely from company to company.
How Much Money Can You Save With Solar Panels?
Colorado is a fantastic state for investing in solar panels, thanks to its sunny weather for more than two-thirds of the year.
With the average residential rate for electricity in Colorado sitting at 14.61 cents per kWh as of 2024, you can save a significant amount on your energy bills, even with as little as a 6 kWh solar panel system. That can translate to around $1,400 in savings on your power bill each year.
Choosing the Best Solar Installer in Colorado
Don’t let any old company install your new solar panel system. Choose a company with a proven track record of success and dependability. With such a major investment, you want to know that your system was installed right the first time and the Cooper Green Team is ready to make it happen with our robust array of solar services.
Take the First Step Towards Solar Power. Give Us a Call Today!
Let our thousands of 5‑star reviews speak for our reputation for solar panel installations. Our highly trained technicians are ready to provide your free estimate and guide you on your path to renewable energy today.