Electricity rates › Colorado

Colorado electricity rates

Homes in Colorado pay an average of 14.9¢ per kWh, 9% below the US average, and use 674 kWh a month. Colorado ranks #25 of 51 for residential electricity prices.

14.9¢average price per kWh

674 kWhaverage use per month

$101average monthly bill

#25 of 51price rank (1 = most expensive)

Residential rates by utility in Colorado

Utility	¢/kWh	ZIP codes served
Public Service Co of Colorado	14.3	344
Black Hills Colorado Electric, LLC	17.4	72
Mountain View Elec Assn, Inc	15.8	65
CORE Electric Cooperative	14.5	63
City of Colorado Springs	13.8	50
United Power, Inc	13.6	47
Poudre Valley REA, Inc	12.0	44
Southeast Colorado Power Assn	16.8	34
San Isabel Electric Assn, Inc	17.1	32
Mountain Parks Electric, Inc	14.5	30
Yampa Valley Electric Assn Inc	15.9	29
Morgan County Rural Elec Assn	13.6	28

Average residential rates for full-service utilities, from NREL’s utility rates by ZIP code (2023). In areas with retail choice, your price depends on the plan you pick.

Is solar worth it in Colorado?

At 14.9¢ per kWh, every 1,000 kWh your roof makes and you use yourself is worth about $149. A system that covers the average Colorado home would replace about 8,088 kWh a year, roughly $1,207 of electricity at today’s prices.

6.0 kWsystem for an average home (15 panels)

$18,000rough installed cost

$1,207electricity saved per year

~15 yearssimple payback

Assumes a typical 1,350 kWh per kW of panels a year and $3.00/W installed, before incentives and price increases. Your roof’s direction, pitch and shade change these numbers; the estimator measures them for your address.

Plan solar for your Colorado home

State figures: EIA Table 5A, 2024 Average Monthly Bill - Residential (forms EIA-861, 861S, 861U).