Electricity rates in Colorado
The average home in Colorado pays about 16.3¢ per kWh — 11% below the US average of 18.4¢. Here's the real trend, how it ranks, and what that rate means for your bills.
*A home using the US-average ~10.5k kWh/year at Colorado's rate. Your bill depends on your own usage — find your true rate here.
Colorado electricity price trend
Average residential rate, monthly, May 2023 – Apr 2026. Up 15% over the period.
Source: U.S. Energy Information Administration (EIA), Electric Power Monthly · range 14.14–16.79¢/kWh
How Colorado compares
At 16.3¢/kWh, Colorado has the 22nd-highest residential electricity price of the 50 states and DC — 11% below the 18.4¢ US average. That's among the cheaper power in the country, which is good news for your monthly bill but changes the maths on things like solar and batteries. For context, the cheapest power in this data is Idaho at 12.3¢, and the most expensive is Hawaii at 41.1¢.
Over the period in the chart above, Colorado's average rate has risen about 15% — in line with a long national trend of electricity prices climbing faster than they used to, driven by grid upgrades, fuel costs and surging demand.
What your rate means for the big decisions
Your electricity price is the single number that drives whether solar, an EV, or electric heating saves you money. At Colorado's 16.3¢/kWh:
- Rooftop solar pays back in about 10.8 years for a typical home here — cheap power lengthens the payback, so run your own numbers before committing. See the full breakdown on the Colorado solar payback page, including local utilities, net metering and incentives.
- Charging an EV at home costs about 6.4¢ per mile here, versus roughly 12.2¢/mile for a typical petrol car — see the Colorado EV charging breakdown.
- Cooling and heating swing with this rate too — check what running your AC costs in Colorado, or whether a heat pump beats gas at 16.3¢/kWh.
How to pay less
Whatever your state's rate, the cheapest kilowatt-hour is the one you don't buy. Our guide to cutting your electricity bill ranks every fix by the dollars it actually saves — and the three that don't move the needle.
Source: U.S. Energy Information Administration (EIA), Electric Power Monthly — state average residential price. National average and rankings computed across all 50 states + DC. See our methodology. Figures are averages for guidance, not a quote for your home.