Electricity Rates in Denver, CO

The average residential electricity rate in Denver is $0.14 per kilowatt-hour (kWh), which is 12% below the national average of $0.16/kWh. The average monthly electric bill for Denver homeowners is approximately $127.

With solar panels, Denver homeowners can reduce their electricity costs by approximately 84%, saving around $107 per month or $37,000 over 25 years. The 30% federal tax credit further reduces the upfront cost of going solar.

The major electric utilities serving the Denver area include Xcel Energy, Colorado Springs Utilities, Black Hills Energy. Rates vary between providers, so your exact cost depends on your utility and usage level.

Yes, electricity rates in Denver and across Colorado have been increasing, following national trends of 2-5% annual increases. This makes solar panels an increasingly attractive option since they lock in your energy costs for 25+ years.