Thinking About Solar for Your Broomfield Home in 2026?
With an average electricity rate of $0.163/kWh from Public Service Co of Colorado, many homeowners are evaluating the financial case for rooftop solar. Thanks to Colorado's strong sunshine and favorable utility rules, generating your own power can significantly reduce or even eliminate your monthly electric bill. Beyond the immediate savings, an owned solar system can also enhance your home's resale appeal and provide a buffer against future utility rate hikes.
From rates to ROI—continue in the savings calculator.
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Expected Solar Panel Costs in Broomfield (2026)
For a typical home in the Broomfield area, a 6.7 kW solar panel system is a common size to offset a significant portion of electricity usage. The estimated gross cost for a system like this in early 2026 is around $18,425.
- System Size: 6.7 kW
- Estimated Cost: $18,425
- Cost per Watt: Approximately $2.75
Adding a 10 kWh battery for backup power would increase the total cost to around $33,425. Because Public Service Co of Colorado offers strong net metering, a battery is typically considered for outage protection rather than for additional bill savings.
Incentives & Tax Credits
Colorado Solar Incentives for 2026
While the default federal tax credit for homeowners expired at the end of 2025, Colorado homeowners still benefit from valuable state and local policies that make solar a strong investment.
- Property Tax Exemption: In Colorado, adding a solar panel system to your home does not increase your property taxes. You get the full value of the system without a higher tax bill.
- Sales Tax Exemption: The equipment and materials for your residential solar installation are exempt from state sales tax, which reduces the upfront cost of your system.
- Strong Net Metering: This is the most significant financial driver. Your utility provides full retail credit for the excess power you send to the grid, which is a powerful incentive explained below.
Net Metering: Public Service Co of Colorado
Retail Net Metering
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How Net Metering Works with Public Service Co of Colorado
Colorado's net metering policy is a major advantage for solar owners. When your panels produce more electricity than your home is using, the excess power flows to the grid. Public Service Co of Colorado (Xcel Energy) gives you a 1-for-1 credit for every kilowatt-hour (kWh) you export. These credits are applied to your bill, offsetting the cost of power you draw from the grid at night or on cloudy days. This simple, retail-rate credit structure makes it easier to zero out your electricity bill and is key to the strong financial returns for solar in Broomfield.
Projected Savings
Your Potential Bill Savings and Payback Period
A 6.7 kW solar system in Broomfield can generate enough electricity to save approximately $1,227 annually on your utility bills. Based on the system cost, the simple payback period is about 12.3 years. After this point, the energy your system produces is pure savings for the remainder of its 25+ year lifespan. This calculation is based on current electricity rates; if grid power becomes more expensive over time, your payback period could shorten and your long-term savings would increase.