Colorado Springs receives approximately 5 peak sun hours per day, making it a great location for solar energy production. With an average monthly electric bill of $100 in Colorado Springs, homeowners could save $900/year by switching to solar.
A 6.8kW solar system in Colorado Springs could generate approximately 836 kWh/month, offsetting about 95% of the average electric bill.
Colorado Springs residents benefit from Colorado's solar incentives, including property tax exemption + net metering + local utility rebates available. xcel energy solar*rewards program.The 30% Federal Solar Tax Credit (ITC) applies to all installations nationwide, reducing your net system cost by nearly a third.
With 5 peak sun hours, a typical 6.8kW residential system in Colorado Springs produces enough energy to offset 95% of the average household's electricity usage. Over the system's 25+ year lifespan, that translates to $22,500 in total savings.
Your utility affects your net metering rate and solar program eligibility.