Solar Panel Cost in Colorado: Get 3 Free Quotes From Top Solar Companies in 2024

Thinking about going solar in Colorado? Learn about whether solar is worth it in Colorado, your potential savings by going solar and get 3 free quotes from the best solar companies in Colorado.
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Going Solar in Colorado

Why having solar panels is a good idea in Colorado

By going solar, you help create an emission-free world of tomorrow, become energy independent, and save hard-earned money on your next energy bill.

Contact us now and we match you with the top solar companies in Colorado, guaranteed 100% free of charge.


Benefits of solar in Colorado

Continue reading this page to get an in-depth overview of why we think that solar is a good idea in Colorado, but here we list you the top 4 reasons to install solar panels:

Save money

In the last few years, the cost of solar in Colorado has dropped to record-lows, making solar a very attractive source of electricity. According to our data, installing 12 kW of solar saves the average household in Colorado up to $1,633 - $4,082 on yearly energy bills.

Create your own electricity

On average, U.S. electricity consumers experience 7 hours of power interruption per year. With solar panels on your roof, outages are a thing of the past and you will become energy independent.

Increase your home value

Did you know that solar panels increase your home value? Statistics show that a solar system increases your home value by 4.1% on average.

Contribute to an emission-free world

Every kWh of solar energy means 0.846 lbs less carbon emitted into the atmosphere. A standard 10 kW system saves the equivalent of the weight of 49 F-150 pickup trucks throughout its lifetime.

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Other Reasons Why Colorado is a Great Place for Solar

There are many unique features, that make Colorado an excellent place for going solar.
354 MW

added Solar Capacity 2022

In 2022, Colorado added 354 MW in solar capacity. This is enough to power approximately 44,250 houses.


Price Drop / last 10 Years

Over the past decade, the cost of solar energy in Colorado has witnessed a significant drop of 53%.


National Solar Ranking

As per the national solar ranking, Colorado has proven its dedication to harnessing solar energy effectively.

2.33 M

affected by Blackouts

Over the past years 2.33 M residents in Colorado were affected by power outages.

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Is solar worth it in Colorado?

Going solar helps you to save a lot of money on your annual energy bill. On average, our data shows that you can expect to save between $1,633 - $4,082 per year, depending on the solar system size and your location.
System SizeAverage
Yearly Output
Yearly Savings
8 kW
13,605 kWh
$ 1,633
12 kW
20,408 kWh
$ 2,449
16 kW
27,211 kWh
$ 3,265
20 kW
34,014 kWh
$ 4,082
* (Be aware that these numbers represent the average solar panel cost in Colorado and may be different from your location due to numerous factors such as roof size and roof angle)

State-wide solar incentives in Colorado

NameTerritoryIncentive TypeDetails
Renewable Energy Property Tax Assessment
Property Tax Incentive
Local Option - Property Tax Exemption for Renewable Energy Systems
Property Tax Incentive
Local Option - Sales and Use Tax Exemption for Renewable Energy Systems
Sales Tax Incentive
Sales and Use Tax Exemption for Renewable Energy Equipment
Sales Tax Incentive
Property Tax Exemption for Residential Renewable Energy Equipment
Property Tax Incentive
Green Colorado Credit Reserve
Loan Program
C-PACE: Colorado Commercial Property Assessed Clean Energy
PACE Financing
Residential Energy Upgrade (RENU) Loan Program
Loan Program
Residential Energy Conservation Subsidy Exclusion (Personal)
Personal Tax Exemption
Modified Accelerated Cost-Recovery System (MACRS)
Corporate Depreciation
Residential Energy Conservation Subsidy Exclusion (Corporate)
Corporate Tax Exemption
Energy-Efficient Mortgages
Loan Program
USDA - Rural Energy for America Program (REAP) Grants
Grant Program
Office of Indian Energy Policy and Programs - Funding Opportunities
Grant Program
Clean Renewable Energy Bonds (CREBs)
Loan Program
USDA - Rural Energy for America Program (REAP) Loan Guarantees
Loan Program
U.S. Department of Energy - Loan Guarantee Program
Loan Program
Qualified Energy Conservation Bonds (QECBs)
Loan Program
USDA - High Energy Cost Grant Program
Grant Program
Fannie Mae Green Financing – Loan Program
Loan Program
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How much do solar panels cost in Colorado?

Currently, the price per watt for solar panels is $3.54/W in Colorado. Given the average solar system size of 8 kW, this means that your solar panel cost is around $28,282 in Colorado (latest data: April 2023).*

Taking state and federal incentives into account, you can expect to save further 30% of the initial cost, bringing the cost of solar in Colorado down to $19,797 (installation size: 8 kW).

$30,000 $20,000 $10,000 $0
Good price Average price Expensive price

About the diagram: The diagram shows the average price for an 8kW solar installation in Colorado after the 30% federal tax incentive deduction. Get 3 free quotes from Quote For Solar and potentially save up to $5,697 compared to the average solar installation cost in Colorado ("Good price").

Solar panels in Colorado at one glance

Is It worth it to go solar in Colorado?

Yes, it is. Depending on how many solar panels you have and the location of your home, our data shows that you can save up to $1,633 - $4,082 on your yearly energy bill.

How much do solar panels cost in Colorado?

Currently, the price per watt for solar panels is $3.54 in Colorado. An average 8 kW solar system costs therefore around $28,282 before incentives and $19,797 after accounting for the 30% investment tax credit (ITC).

Are there solar incentives for Colorado?

Yes, there are various country-wide and state-specific incentives for going solar. For Colorado, the federal tax incentive amounts to 30%. Check out our article to learn more about the incentives and rebates in your state.
Yes, solar panels do work in Colorado during winter but you will typically see less output than in the warmer months. Our partners will help you to find the right system size for the whole year.
On average, our customers have their solar installation completed in 6 to 8 weeks after they have been contacted by our partners.
That depends on your financial situation. Generally speaking, there are several finance options for solar panels in Colorado and almost always you can finance your solar system for $0 down.
No, solar panels are not yet mandatory in Colorado. While only California requires solar systems on new construction projects at this moment, there are legislations being drafted to expand this policy throughout other states. It is therefore likely that solar soon might become mandatory in other states as well.
No, solar installations are tax exempt in Colorado. That means that you can boost your home value by going solar while your property tax base remains the same.
Yes, solar panels are sales tax exempt in Colorado meaning that you will profit even more when going solar.
Why You Should Choose Quote For Solar

Get 3 Quotes From Reviewed Solar Installers Fast!

For homeowners wishing to install solar energy on their properties, Quote For Solar is the ideal service.

Quote For Solar offers a free and easy single inquiry format for homeowners to obtain multiple offers from local solar companies for their installation needs.

Solar Companies will compete with each other to win your business, which can increase your savings. In addition, you are assured of receiving quotes only from trustworthy and dependable partners with a proven track record.

Furthermore, relevant advice on selecting the right product and installer as well as tax credits available will be included as part of the package.

Installing solar energy through Quote For Solar can result in long-term savings due to lower energy costs, but with no obligation to purchase, there is no cost to obtain the quotes.


Solar Panel Costs Across The State of Colorado

Acres Green

Aetna Estates



Air Force Academy



Alamosa East












Aristocrat Ranchettes





Aspen Park







Bark Ranch


Battlement Mesa









Beulah Valley

Black Forest

Black Hawk



Blue River

Blue Sky

Blue Valley

Learn More About Solar Offers Across The US 💡