Greeley, CO Solar Panels
Solar Power in Greeley
Greeley homeowners are increasingly turning to solar — and for good reason. With Colorado electricity prices up 22% from 2020 to 2024, understanding how solar could affect your energy costs is more relevant than ever.
Whether you’re just starting to research or ready to dig into the details, our home solar panels guide walks you through everything you need to know about going solar in Greeley.
How Much Do Solar Panels Cost in Greeley, CO?
Using real installation data from Greeley and nearby communities like Evans, Windsor, and Johnstown, this calculator gives you an honest, local estimate of what solar installation actually costs — and what you could save — for your home.
System
- No upfront investment
- Palmetto handles all maintenance
- 90% Production Guarantee
- Comprehensive protection program included
Key Takeaways
- Greeley gets over 300 sunny days a year, giving homeowners strong solar production year-round — even in winter months.
- Xcel Energy customers in Greeley may qualify for rebates like the Solar*Rewards Program, which can offset upfront solar installation costs.
- A typical Greeley home could save around $55,000 over 25 years — and leasing options are available with no upfront cost starting at $75/month.
Greeley Electricity Prices
Electricity costs in Colorado have been climbing steadily — and Greeley homeowners are taking notice of what that means for their monthly bills.
Colorado electricity rates rose from 13.1¢ per kWh in 2021 to 15.1¢ per kWh in 2024 — a roughly 15% increase in just four years, according to statewide data. That trend shows no signs of reversing.
Solar can help offset the impact of rising utility rates. By generating your own electricity at home, you rely less on the grid — and less on rates you can’t control.
Over the long term, solar panels can provide a more predictable energy cost. While utility rates have historically risen year over year, the energy your panels produce stays consistent — offering a meaningful financial buffer for years to come.
Price of Energy: Colorado vs National Average
Greeley Area Utility Providers
In Greeley, CO, the primary electricity provider is Xcel Energy. Based on 2023 data — the most recent available — Xcel Energy’s residential rate was 14.3¢ per kWh, as shown in the chart above.
Xcel Energy’s 2023 rate matches Colorado’s state average of 14.3¢/kWh and sits below the 2023 national average of 16.0¢/kWh — meaning Greeley residents pay slightly less for electricity than most Americans.
Even at below-average rates, electricity costs add up over time. For Greeley homeowners exploring solar installation, understanding your current rate helps you estimate how much solar panels could offset your monthly energy bill.
Greeley Utilities Electricity Rates
Colorado Solar Incentives
Greeley homeowners have access to several solar incentives in Colorado that can help reduce the upfront and long-term costs of going solar.
As an Xcel Energy service area, Greeley residents may qualify for rebates like the Solar*Rewards Program, battery storage incentives, and low-interest financing through the Colorado Clean Energy Fund’s RENU Loan Program.
Note that recent federal legislation eliminated the residential solar tax credit. For those exploring a solar lease, Palmetto’s LightReach program handles commercial incentives directly, which can lower monthly payments.
| Incentive | Type | Description | Source |
|---|---|---|---|
| Xcel Energy Solar*Rewards Program | Rebate | Xcel Energy offers residential solar customers an upfront rebate of $1 per watt of installed solar capacity, up to $7,000 for a 7 kW system, with pre-approval required before installation. | |
| Xcel Energy Solar*Rewards – Income-Qualified & Disproportionately Impacted Communities (IQDIC) | Rebate | Income-qualified Xcel Energy customers and those in Disproportionately Impacted communities can receive an enhanced solar rebate of $1,000 per kW, up to $10,000 for a 10 kW system. | |
| Xcel Energy Renewable Battery Connect Program | Rebate | Xcel Energy offers residential battery storage rebates of $350 per kW (up to $5,000) for standard customers, or $800 per kW for income-qualified customers, plus $100 annually for up to 5 years for grid participation. | |
| Xcel Energy Public Safety Power Shutoff (PSPS) Battery Rebate | Rebate | Xcel Energy offers up to $10,000 for battery storage installations for medical-dependent customers living in high wildfire risk areas subject to Public Safety Power Shutoffs. | |
| Tesla Powerwall 3 Manufacturer Rebate | Rebate | Tesla offers a $500 per unit rebate on Powerwall 3 installations, up to $1,000 per address (two units), for systems registered by June 30, 2026 and installed by December 31, 2026. | |
| Colorado Residential Energy Upgrade (RENU) Loan Program | Rebate | The Colorado Clean Energy Fund’s RENU Loan Program offers affordable, low-interest financing for homeowners installing solar panels or other clean energy improvements through partnering state credit unions. |
Xcel Energy’s Solar*Rewards Program provides eligible residential customers with an upfront cash rebate of $1 per watt of installed solar capacity, up to a maximum of $7,000 for a 7 kW system. For a typical 5 kW residential solar installation, this translates to a $5,000 rebate that directly offsets the cost of going solar. Pre-approval from Xcel Energy is required before installation begins, and a $100 filing fee applies for Level 1 systems.
In addition to the upfront rebate, Solar*Rewards participants can receive ongoing monthly payments in exchange for Renewable Energy Credits (RECs) generated by their system. For systems under 25 kW, the performance-based incentive is $0.005 per kWh produced. While modest, this provides a small ongoing income stream over the life of the system.
This program is available exclusively to Xcel Energy residential customers in Colorado. Residents of Greeley served by Xcel Energy are eligible to apply. Because funding is limited and awarded on a first-come, first-served basis, early application is strongly recommended. Contact Xcel Energy or visit their website to check current funding availability and begin the pre-approval process before contracting with an installer.
Xcel Energy’s Solar*Rewards Income-Qualified and Disproportionately Impacted Communities (IQDIC) program offers a significantly enhanced rebate for eligible customers. Qualifying homeowners can receive $1,000 per kilowatt (kW) of installed solar capacity, up to a maximum of $10,000 for a 10 kW system. This is ten times the standard Solar*Rewards rebate rate, making solar dramatically more affordable for lower-income households and those in designated disproportionately impacted communities.
To qualify, customers must be served by Xcel Energy and meet income qualification thresholds or reside in a Colorado-designated Disproportionately Impacted (DI) community. Income qualification is generally based on household income relative to the Area Median Income (AMI) for your county. Xcel Energy can help determine eligibility during the application process.
As with the standard Solar*Rewards program, pre-approval is required before installation, and funding is limited and awarded on a first-come, first-served basis. This program historically fills quickly, so eligible customers in Greeley should apply as early as possible. Visit Xcel Energy’s website or call their renewable energy team to check current funding availability and begin your application.
Xcel Energy’s Renewable Battery Connect Program provides upfront cash rebates to residential customers who install qualifying battery storage systems. Standard customers receive $350 per kW of battery capacity, up to a maximum of $5,000 per application. Income-qualified customers and those residing in Disproportionately Impacted (DI) communities receive an enhanced rebate of $800 per kW, up to 75% of the equipment-only cost. Eligible battery models include the Tesla Powerwall 2, Tesla Powerwall+, Tesla Powerwall 3, and SolarEdge Home Battery.
In addition to the upfront rebate, enrolled customers receive $100 annually for up to five years in exchange for allowing Xcel Energy to dispatch stored energy back to the grid during peak demand events. This brings the total potential benefit to $5,500 for standard customers over the full enrollment period.
Program Status (2026): The 2025 program budget was fully exhausted and the current funding cycle closed in February 2026. Xcel Energy has indicated the program may reopen with new funding mid-year 2026. Interested customers in Greeley should monitor Xcel’s website for updates on funding availability before proceeding with installation.
Xcel Energy’s Public Safety Power Shutoff (PSPS) Battery Rebate provides up to $10,000 for qualifying customers who install a home battery storage system. This program is specifically designed to protect vulnerable customers who depend on electricity for life-sustaining medical equipment and who live in areas prone to Public Safety Power Shutoffs due to high wildfire risk.
To qualify, homeowners must be enrolled in Xcel Energy’s Medical Certification Program or the Colorado Medical Exception Program, and must reside in a Tier 2 or Tier 3 wildfire risk zone within Xcel’s Colorado service territory. The battery storage system must meet Xcel’s technical requirements for the program.
This rebate can be combined with other Xcel battery incentives where applicable, and may significantly offset the cost of a battery system for eligible customers in Greeley. Contact Xcel Energy directly to confirm your eligibility, verify your wildfire risk tier, and begin the application process before purchasing or installing a battery system.
Tesla’s Powerwall 3 Rebate Program (also referred to as the “Next Million Powerwall 3 Rebate Program”) offers homeowners $500 back per Powerwall 3 unit installed, covering both the Powerwall 3 and Powerwall 3 Expansion units. The maximum rebate is $1,000 per address (two units). This is a manufacturer-direct rebate offered by Tesla, not a government or utility program.
To qualify, the sale must be finalized and the rebate registered by June 30, 2026, and the installation must be completed by December 31, 2026. Missing either deadline will disqualify the system from receiving the rebate, so it is important to plan your purchase and installation timeline carefully.
This rebate can be combined with Colorado’s 10% Residential Energy Storage Tax Credit, and — where applicable — with utility battery rebates such as Xcel Energy’s Renewable Battery Connect Program (when funding is available). Stacking multiple incentives can significantly reduce the net cost of a Powerwall 3 installation in Greeley.
The Colorado Residential Energy Upgrade (RENU) Loan Program, offered through the Colorado Clean Energy Fund in partnership with state credit unions, provides affordable financing for homeowners who want to install solar panels or make other clean energy improvements. The program is designed to make the upfront cost of solar more manageable by offering competitive interest rates and flexible repayment terms that are often more favorable than traditional home improvement loans.
The RENU Loan is available to Colorado homeowners and can be used to finance solar panel systems, battery storage, and other qualifying clean energy upgrades. Because the loan is administered through local credit unions, borrowers benefit from working with community-based lenders who are familiar with Colorado’s clean energy landscape.
To apply, homeowners in Greeley should visit the Colorado Clean Energy Fund’s website to find a participating credit union and begin the application process. Using a RENU Loan in combination with available rebates and tax credits can help homeowners go solar with little to no money out of pocket, with loan payments often offset by monthly electricity bill savings.
Ready to start saving with solar?
Speak with a Palmetto solar expert to find out exactly how much you can save with Colorado incentives.
Get a Free QuoteGreeley Solar Irradiance
Solar panel production varies throughout the year based on daylight hours, weather patterns, and sun intensity. Understanding how seasons affect your solar system helps set realistic expectations for your investment.
Greeley enjoys over 300 sunny days annually, making it excellent for solar. Despite Colorado’s snowy winters, cold clear skies actually boost panel efficiency, ensuring strong year-round energy production.
Solar Production in Greeley by Month
What Can Your Solar System Power?
Summer Production (July)
In July, your 10 kW system could power:
- 3.6 average homes (15 kWh/day per home)
- or Run central AC for 18 hours AND power all other appliances
- or Fully charge 5.4 Tesla Model 3 electric vehicles
Winter Production (December)
In December, your 10 kW system could power:
- 2 average homes (15 kWh/day per home)
- or Keep your home heating system running for 15 hours
- or Fully charge 3 Tesla Model 3 electric vehicles
Annual Production
Over a year, your 10 kW system could:
- Offset 10 tons of carbon dioxide emissions
- or Equal the environmental benefit of planting 175 trees
- or Save approximately $4,234 in electricity costs
Want to know exactly how much solar can power your home?
Get a personalized solar analysis based on your actual home, energy usage, and roof characteristics.
Get My Custom EstimateSolar Panel Systems in Greeley
We’ve mapped every solar installation across the U.S. — and Greeley is part of the story. Explore the heatmap below to see which neighborhoods in your community have already made the switch to solar. Click any hexagon to see how many homes in that area have gone solar!
Leasing Solar Panels
If paying the full cost of solar upfront isn’t the right fit, Palmetto offers a Power Purchase Agreement (PPA) through its LightReach program — available to Greeley homeowners served by Xcel Energy, United Power, Black Hills Energy, Colorado Springs Utilities, CORE Electric Cooperative, Grand Valley Power Cooperative, and DMEA.
With a PPA, you don’t own the system — Palmetto does. Instead of a fixed monthly payment, you agree to purchase the electricity your panels produce at a set rate per kilowatt-hour (kWh). Because solar panels produce more energy in summer than winter, your PPA bill will naturally be higher in summer months and lower in winter — but your annual savings are comparable to a lease. There’s no upfront cost, and Palmetto handles all maintenance and monitoring. To understand how a PPA compares to other financing options, this guide breaks it down clearly.
Compared to a cash purchase, a PPA removes the burden of a large upfront investment and eliminates the need to manage repairs or system performance on your own. Palmetto owns and maintains the system, so your only job is to enjoy lower energy costs from day one.
Go solar without the investment
With LightReach, there are no investment costs to recoup, loan payments to manage, or maintenance needs to take on. As soon as your panels are active, your solar savings are too!
Explore LightReach LeasingFrequently Asked Questions
Yes, solar makes strong sense in Greeley. With over 300 sunny days per year and 5.5 average peak sun hours daily, Greeley homeowners can generate reliable solar energy year-round. A typical home could save around $55,000 over 25 years, with a payback period of roughly 10–11 years on a cash purchase.
If upfront cost is a concern, Palmetto’s LightReach lease program removes that barrier entirely — Greeley homeowners can go solar with no money down and start saving from day one, with payments starting as low as $75/month.
Yes, Greeley has net metering. Most Greeley homeowners are served by Xcel Energy, which offers 1:1 net metering. Excess solar energy you send to the grid earns credits at the full retail rate, which carry over month to month as a dollar credit.
At your annual true-up, you can choose to cash out excess credits at the Average Incremental Cost Rate (~1.5¢/kWh), or roll them over indefinitely. Rolling over is generally the better option, since using credits at retail value is worth far more than cashing out at 1.5¢/kWh.
Yes, solar panels can increase your home value in Greeley. According to a Zillow study, homes with solar panels sell for approximately 4.1% more than comparable homes without them. For a $400,000 home in Greeley, that could mean roughly $16,400 in added value.
Colorado’s strong solar market and Greeley’s 300+ sunny days per year make solar an appealing feature for buyers. Note that this benefit typically applies to owned systems — leased systems may not add the same value at resale.
For Greeley homeowners, the most accessible way to go solar is through Palmetto’s LightReach lease — with no upfront cost and a low fixed monthly payment starting at $75/month for a typical home. Palmetto owns and maintains the system, so there’s nothing to manage.
If you prefer to own your system outright, a cash purchase for an average Greeley home runs around $19,117. Note that the federal 30% residential solar tax credit is no longer available following the Big Beautiful Bill. Use the calculator above for a personalized estimate.
For Greeley homeowners, solar can make strong financial sense — especially with a lease option. With Palmetto’s LightReach program, there’s no upfront cost. Your monthly lease payment is typically less than your current electricity bill, meaning most homeowners start saving from day one.
With Colorado electricity rates rising steadily — up 15% since 2021 — locking in a predictable monthly solar payment can provide real financial relief. A typical Greeley home could save approximately $55,000 over 25 years.
Palmetto is a top choice for solar installation in Greeley, CO. As a national company with a strong local presence, we’ve completed 1,534 installs across Colorado since 2020. Our vetted installer network ensures quality workmanship, and we offer some of the most flexible financing options available — including our LightReach lease starting at $75/month with no upfront cost.
We handle everything from design and permitting to installation and monitoring, so Greeley homeowners can go solar with confidence. Our approval rating exceeds 85% across 20,000+ customers nationwide.
With Palmetto’s LightReach lease program, Greeley homeowners can go solar with no upfront cost. For a typical 6.40 kW system, the estimated monthly payment is approximately $75/month — one simple payment that covers the system, installation, monitoring, maintenance, and a 90% Production Guarantee.
Because Palmetto owns the system, it claims the commercial Investment Tax Credit (ITC) and passes those savings on to you through lower monthly payments. Since the lease payment is typically less than your current electricity bill, most Greeley homeowners begin saving from day one.