Solar Panel Cost Guide in Colorado City, AZ (2023 Update)

  • Colorado City Solar Installation Cost: $11,560
  • 25-Year Savings: $18,961
  • Payback Period: 10.0 Years

See cost of a solar system near you:

By EcoWatch Local Advisors

Data Analysis: James Savino

Ranking Methodology: Karsten Neumeister

Updated February 03, 2024

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We work with a panel of solar experts to create unbiased reviews that empower you to make the right choice for your home. No other site has covered renewables as long as us, which means we have more data and insider information than other sites. Our rankings are never affected by revenue or partnerships.

Average Cost of Solar Panels in Colorado City

Find out what the average cost of solar panels are in Colorado City.

The national average cost of solar panels is $2.66 per watt, but in Colorado City it’s 3 per watt.To cover the typical energy needs of the average home in Colorado City, most homeowners require a 5.4-kilowatt system. Using the per-watt figure above, a solar installation costs about $11,560, or $16,531 before the federal solar tax credit of 0 is applied.

These figures are only estimates, and your own solar costs will most likely differ based on your energy needs and what company you go with.Many homeowners find installing a solar panel system is a rewarding investment. The average homeowner in Colorado City can save about $20,000 on their electricity bills over 20 years.

To see your potential ROI and connect with a local solar expert, click the button below.

Solar savings over time in Colorado City

Year Return on Investment
1 years $-10,203
3 years $-7,489
5 years $-4,775
7 years $-2,061
9 years $652
11 years $3,366
13 years $6,080
15 years $8,794
17 years $11,508
19 years $14,222
21 years $16,935
23 years $19,649
25 years $22,363

Top Solar Installers in Colorado City

Although you can install solar panels on your own, it takes extra effort and handiness. Because of that, the majority of homeowners choose to go with a solar panel installer. The payback period of solar panels will vary based on factors like your location and energy use, but going with a solar company can shorten that period. Your provider will be able to help you get the most out of incentives available in your area.

You can get a free quote from a local solar installer on how much solar panels could cost for your home. Here are some nearby:

Best National Provider

SunPower

★★★★★
5.0

  • Most efficient panels on the market
  • National coverage
  • Cradle to Cradle sustainability certification
  • Great warranty coverage
  • Expensive
  • Customer service varies by local dealer

Best for Leasing

Sunrun

★★★★★
4.0

  • Expansive service area
  • Many financing options
  • Some reported issues with customer service
  • Some reported issues with door-to-door sales

Best Social Impact

Palmetto Solar

★★★★★
4.0

  • Expansive service area
  • Makes charitable contributions
  • Certified B Corp
  • No leases or PPAs
  • Quality of installation may vary by location

See all of the solar companies in Colorado City

Factors that Affect Solar Panel Costs in Colorado City

There are a number of factors that can play into your installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that does the installation.

Solar Equipment

One of the most significant factors to consider when it comes to the cost of adopting solar energy is the size of the solar system, which is measured in kilowatts (kW). The more power your household uses, the larger your system will likely need to be. You can expect to pay about $3,070 per kilowatt in Colorado City.The brand and kind of equipment you get for your solar system can raise or lower the price quite significantly. If you prefer a trusted brand name like Tesla or SunPower, these are often more expensive than other brands. Efficiency also matters. Whether you’re opting for high efficiency because you have a small roof or just want maximum energy production, you can expect a higher equipment cost, but this can typically lead to more savings over time. Plus, if you want extra equipment like an electric vehicle charger or solar batteries, this will also increase the cost.

Solar Financing Terms

Many homeowners find the average cost of solar in Colorado City to be prohibitively expensive, even if the investment pays off over time. Thankfully, nearly every solar company in the area provides financing options. Solar loans remarkably decrease upfront costs in most cases, but they also lead to higher prices over time because of interest.You’ll have to consider the long-term cost of loans, including the total interest you’ll pay over the length of the loan. If you can only get a high-interest loan, then your total can be hundreds or even thousands of dollars more than the original cost. Making a larger down payment or securing a solar loan with a low interest rate could reduce your costs considerably.

Solar Panel Installation Company

The final significant cost factor you should take into consideration is the installer you choose. Given the massive popularity of green energy solutions in Colorado City, you’ll have lots of options to choose from, but each comes at different price points for labor and equipment.Companies that only sell high-efficiency and high-priced products — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally come with an above-average cost. It’s best to do some research and go with the company that offers the products, warranties and services you’re looking for and also is within your budget.

Solar Panel Cost Data by System Size

System size Cost per system watt Solar system cost 25-Year savings Payback period
6 kW $3.19 $13,410 $18,701 10.4 years
8 kW $3.13 $17,536 $25,279 10.2 years
10 kW $3.07 $21,490 $32,028 10.0 years
12 kW $3.01 $25,272 $38,950 9.8 years
14 kW $2.95 $28,883 $46,043 9.6 years
16 kW $2.89 $32,321 $53,308 9.4 years
18 kW $2.82 $35,587 $60,746 9.2 years
20 kW $2.76 $38,682 $68,355 9.0 years

How to Save on Solar Panels

There are a lot of companies to choose from in Colorado City, and some homeowners feel overwhelmed considering their options. Choosing the right company for you can be challenging, so here are some tips to help you decide:

  • Solar Panel Brands: Each solar panel brand and type has varying levels of quality, durability and efficiency. They will come at different prices as well. The company you choose affects which solar panel brands you have access to.
  • Warranty: If you’re concerned about the durability of your solar panels, ensuring your company offers a 25-year, all-inclusive warranty can help put you at ease.
  • Installation Process: Homeowners should make sure they know how exactly the installation process will be carried out, as well as important factors like the project completion timeline.
  • Reputation: Well-established companies likely have a good reputation. This is important because it ensures that it will not only see your solar installation through, but will also provide adequate aftercare and customer service, such as part repairs and replacements.

Best National Provider

SunPower

★★★★★
5.0

  • Most efficient panels on the market
  • National coverage
  • Cradle to Cradle sustainability certification
  • Great warranty coverage
  • Expensive
  • Customer service varies by local dealer

Best for Leasing

Sunrun

★★★★★
4.0

  • Expansive service area
  • Many financing options
  • Some reported issues with customer service
  • Some reported issues with door-to-door sales

Best Social Impact

Palmetto Solar

★★★★★
4.0

  • Expansive service area
  • Makes charitable contributions
  • Certified B Corp
  • No leases or PPAs
  • Quality of installation may vary by location

EcoWatch's Colorado City, AZ Solar Cost FAQs

How much does it cost to install solar panels in Colorado City?

This is a hard question to answer precisely, because the cost depends on many factors. Broadly speaking, it costs about $15,350 for a 5-kW system and $30,700 for a 10-kW system after the ITC is applied. It will cost more if you want other solar equipment or higher quality panels, or if you have above-average energy consumption. On the flip side, you can spend less if you choose a smaller solar panel system or cheaper solar panels.

Is cost the most important consideration when buying solar panels?

Cost is a key factor to consider, but whether it’s the most important for you depends on why you decided to go solar. In cities where rooftop space is limited, efficiency can be more important than the cost. Other factors that are important to be mindful of are the quality and durability of your solar panels.

Do solar panels increase your property value?

Solar panels can increase the value of your home remarkably as long as you buy or finance your panels and don’t opt for a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% with a solar installation."

How often do you have to replace solar panels?

On average, solar panels can last about 25 to 30 years. Some even last up to 50 years, but their efficiency goes down by about 0.8% each year. You can choose to replace them sooner if you want to maintain a higher amount of energy production.

Our goal is to reach as many people as we can with sensible solutions like solar energy. Our team of full-time local researchers collects solar price and installation data for every city in America then compiles it to create these digestible city guides. If you want to read our solar expert's opinion on the top solar companies featured here, follow this link.

Company research was conducted by Melissa Smith and Karsten Neumeister. Local data analysis was conducted by James Savino. See something we missed or could do better? Email the editor.

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