Colorado Springs, CO
Electrification ROI based on Colorado Springs Utilities rates and local rebates
Population: 478,000•Climate: cold•Electric: $0.122/kWh•Gas: $0.92/therm
Best Upgrade
Solar Panels
13.0 years • 40% ROI
Annual Savings
$2,254/year
Full electrification
Total Incentives
$17,250
Federal + utility rebates
Visual ROI Analysis
Payback Period Comparison
Lower is better • Shortest payback = fastest return on investment
Annual Savings Comparison
Higher is better • More annual savings = greater long-term benefit
Cumulative Net Savings Over Time
Point where line crosses $0 = payback achieved • Steeper line = faster savings growth
Detailed ROI by Upgrade
Heat Pump HVAC System
Replace gas furnace + AC with an all-electric heat pump
🌡️
Costs
Upfront cost:$12,000 - $18,000
Federal tax credit:-$2,000
Colorado Springs Utilities rebate:-$2,000
City/state incentives:-$2,000
Net cost:$6,000 - $12,000
Savings & ROI
Annual savings:$16/year
Simple payback:Not Recommended
15-year ROI:-98%
CO₂ reduction:0.7 tons/year
15-year net savings:$-14,758
Solar Panels (6kW System)
Generate your own electricity from the sun
☀️
Costs
Upfront cost:$15,000 - $21,000
Federal tax credit (30%):-$5,400
City/state incentives:-$500
Net cost:$9,100 - $15,100
Savings & ROI
Annual savings:$962/year
Simple payback:13.0 years
25-year ROI:40%
CO₂ reduction:3.6 tons/year
Full Electrification Package
Heat pump + Solar + Heat pump water heater + EV charger
⚡
Costs
Total upfront cost:$30,300 - $45,000
Total federal credits:-$10,400
Total utility rebates:-$3,100
City/state incentives:-$3,750
Net cost:$13,050 - $27,750
Savings & ROI
Annual savings:$2,254/year
Simple payback:9.5 years
15-year ROI:-5%
Total CO₂ reduction:10.5 tons/year
15-year net savings:$-3,847
Colorado Springs Energy Context
Climate & Usage
Climate zone:cold
Heating degree days:6,450
Cooling degree days:650
Avg home size:2,200 sq ft
Energy Costs
Utility provider:Colorado Springs Utilities
Electricity rate:$0.122/kWh
Natural gas rate:$0.92/therm
Avg monthly bills:$128 elec + $65 gas
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