Paint formulations having a high absorptivity with respect to solar radiation are disclosed herein. The disclosed paint formulations are also thermally and mechanically durable, thereby enabling the paint formulations to be used on components in solar thermal applications where exposure to high temperatures and environmental conditions may be an issue. The paint formulation can include an oxide-based pigment, an organic binder, one or more additives, an inorganic filler, and/or an organic solvent. The pigment can have a relatively high absorptivity with respect to light having a wavelength in the range from 250 nm to 3000 nm. Curing of the paint formulation can irreversibly convert the organic binder into an inorganic binder.