Solar Panels in Erie, CO: Cost, Payback & Savings

A typical 5.6 kW home solar system in Erie costs about $20,160 and pays for itself in about 12.6 years, saving roughly $25,323 over 25 years at Colorado's average electricity price of 16.7¢/kWh.

Solid long-term investmentpayback 12.6 years
System size
5.6 kW
14 × 400 W panels
Upfront cost
$20,160
at US median $3.60/W
First-year savings
$1,422
about $119/month
25-year net savings
$25,323
after paying for the system
Production
8,506 kWh/yr
105% of a typical home's use
Peak sun hours
5.4/day
1,519 kWh per kW per year

Monthly solar production in Erie

Estimated output of a 5.6 kW south-facing roof system. May is the strongest month (887 kWh); Dec the weakest (469 kWh).

02004006008001,000Jan: 540 kWhJanFeb: 590 kWhFebMar: 754 kWhMarApr: 799 kWhAprMay: 887 kWhMayJun: 871 kWhJunJul: 850 kWhJulAug: 810 kWhAugSep: 741 kWhSepOct: 656 kWhOctNov: 542 kWhNovDec: 469 kWhDec

Solar production (kWh) Typical home use, 674 kWh/month

Solar payback calculator for Erie

Pre-filled with Erie's sunshine and Colorado's average electricity price. Enter your own bill and an installer's price per watt to see your payback.

Leave export credit blank where the utility offers full net metering. Where exports earn less, solar used at home as it's produced is worth the full price and the rest earns the export credit.

System
Cost
Year-1 savings
Payback
25-yr net savings

How Erie compares

Net metering, tax credits and incentives in 2026

Colorado offers net metering: power you send to the grid is credited at or near the retail price, so every solar kWh is valued at 16.7¢ here.

There is no federal tax credit for buying home solar installed in 2026. The 30% Residential Clean Energy Credit (Section 25D) ended for systems placed in service after December 31, 2025, so the costs and paybacks on this page include no federal credit.

Colorado and local utilities may still offer rebates, performance payments, property-tax or sales-tax exemptions. Search the DSIRE incentives database for Colorado and ask installers which programs they apply for you.

Frequently asked questions

Is solar worth it in Erie, CO?

For a typical home, a solar system pays for itself in about 12.6 years and then keeps saving money. Over 25 years the estimated net savings are $25,323. Verdict: solid long-term investment. Your own payback depends on your roof, your bill and the quotes you get.

How many solar panels do I need in Erie, CO?

A home using 674 kWh a month (the Colorado average) needs about 14 panels of 400 W — a 5.6 kW system — to cover its annual use. Divide your own yearly kWh by 1,519 to get the kW you need.

How much do solar panels cost in Erie, CO?

At 3.60 dollars per watt, a 5.6 kW system costs about $20,160 before any state or utility incentives. There is no federal tax credit for systems installed in 2026.

How much sun does Erie get?

Erie averages 5.4 peak sun hours per day, so each kilowatt of panels produces about 1,519 kWh a year.

Does Colorado have net metering?

Yes. Power sent back to the grid is credited at or near the retail price (16.7¢ per kWh on average).

How much does electricity cost in Colorado?

Residential electricity in Colorado averages 16.7¢ per kWh, and a typical home uses 674 kWh a month (EIA).

Solar payback in nearby places

Solar guides