Solar Panel Cost Guide in Colorado City, AZ (Mar 2023)
- Colorado City Solar Installation Cost: $9,829
- 25-Year Savings: $18,960
- Payback Period: 8.5 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Colorado City
Find out what the average cost of installing solar panels is in Colorado City.
The national average cost of solar panels is $2.66 per watt, but in Colorado City it's 2.61 per watt. Because a 5.4-kW system is needed to cover the energy needs of a typical home in Colorado City, the average price of going solar will be about $9,829 after claiming the federal solar tax credit of 30%.
These figures are only averages, and how much solar costs for you will most likely differ based on the amount of energy your home requires and what company you want to go with. Despite the significant initial cost, the average Colorado City homeowner can save around $20,000 on their power bills over 20 years, which is one of the advantages of solar.
To calculate your potential ROI and connect with a local solar company, click the button below.
Solar savings over time in Colorado City
| Year | Return on Investment |
|---|---|
| 1 years | $-8,678 |
| 3 years | $-6,375 |
| 5 years | $-4,071 |
| 7 years | $-1,768 |
| 9 years | $535 |
| 11 years | $2,838 |
| 13 years | $5,141 |
| 15 years | $7,444 |
| 17 years | $9,747 |
| 19 years | $12,050 |
| 21 years | $14,354 |
| 23 years | $16,657 |
| 25 years | $18,960 |
Top Solar Installers in Colorado City
Many homeowners choose to hire a solar installer since installing solar panels yourself can be a lot of work. A solar installer can also help save you money in the long run by providing warranties, repairs and system component replacements.
If you'd like to go solar but still aren't certain which solar installer to go with, here are our suggestions for providers in Colorado City:
Best Technology
Tesla Energy
- Price-match guarantee
- Sleek, efficient, and durable solar panels
- Best solar battery on the market
- Some reported issues with customer service
- Customer service varies by local dealer
Best Warranty Coverage
Sunpro Solar
- Industry-leading warranty coverage
- Expansive service area
- Some reported communication issues
- No leases or PPAs
See all of the solar companies in Colorado City
Factors that Affect Solar Panel Costs in Colorado City
There are several factors that can influence your total installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that installs your solar panels.
Solar Equipment
One of the most important 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 electricity your household consumes, the larger your system will likely need to be. You can expect to pay about $2,610 per kilowatt in Colorado City. Some solar panel brands — like Maxeon from SunPower — cost more upfront but also tend to offer better efficiency. In a city like Colorado City, where sunlight is abundant, efficiency can quickly pay off. In addition, if you have a small roof or you don't have a lot of space for your panels, higher efficiency options will be a better option. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
Many homeowners find the average cost of solar in Colorado City to be too steep, even if the investment pays off over time. Fortunately, almost every solar installer in the area provides financing options. Solar loans substantially decrease upfront costs in most cases, but they also result in a higher cost over time because of interest. While solar loans make going solar more accessible for Colorado City homeowners, they can also raise the total you pay for your system, depending on your interest rate. If you make a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
Finally, the company you choose to install your solar panel system can impact the cost. Colorado City's solar companies all have different labor costs and add varying upcharges to equipment. Additionally, some companies in Colorado City have more knowledge about local solar incentives and can help you learn about additional rebates or tax exemptions. However, they may charge more for walking you through the whole process. Even if they cost more upfront, they could help you save more money in the long run.
Solar Panel Cost Data by System Size
| System size | Cost per system watt | Solar system cost | 25-Year savings | Payback period |
|---|---|---|---|---|
| 6 kW | $2.71 | $11,400 | $20,711 | 8.9 years |
| 8 kW | $2.66 | $14,908 | $27,906 | 8.7 years |
| 10 kW | $2.61 | $18,270 | $35,248 | 8.5 years |
| 12 kW | $2.56 | $21,486 | $42,737 | 8.4 years |
| 14 kW | $2.51 | $24,555 | $50,371 | 8.2 years |
| 16 kW | $2.45 | $27,478 | $58,151 | 8.0 years |
| 18 kW | $2.40 | $30,255 | $66,078 | 7.9 years |
| 20 kW | $2.35 | $32,886 | $74,151 | 7.7 years |
How to Save on Solar Panels
Since the kind of solar panels and the installer you choose significantly influences your costs and your system's efficiency, production, and durability, it's important to pick the right ones for you. Here are some tips to keep in mind to help with your decision:
- Solar Panel Brands: The type of solar panel you need to install plays a part in which installer you should go with, since different companies have access to different panels.
- Warranty: Each company may offer different types of warranties that provide different kinds of coverage. A 25-year, all-inclusive warranty is the gold standard.
- Installation Process: When making the switch to solar, it's necessary to maintain an open line of communication with your solar company. See to it that you understand how the installation process will go and the completion timeline.
- Contract: Read the contract terms carefully to make sure you understand the cost breakdown, completion timeline incentives and warranties.
Best Technology
Tesla Energy
- Price-match guarantee
- Sleek, efficient, and durable solar panels
- Best solar battery on the market
- Some reported issues with customer service
- Customer service varies by local dealer
Best Warranty Coverage
Sunpro Solar
- Industry-leading warranty coverage
- Expansive service area
- Some reported communication issues
- No leases or PPAs
EcoWatch's Colorado City, AZ Solar Cost FAQs
What is the average cost of installing solar panels in Colorado City?
This is a difficult question to answer exactly, because the cost depends on a few different factors. Broadly speaking, it costs about $13,050 for a 5-kW system and $26,100 for a 10-kW system after the ITC is applied. It will be more expensive if you want other solar equipment or more efficient panels, or if you have higher-than-average energy needs. On the flip side, you can spend less if you choose a smaller solar panel system or less expensive solar panels.
Can you get solar panels for free in Colorado City?
A solar panel system isn't free in Colorado City, but there are some options that can make getting them more affordable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can help lower the cost.
How will having solar panels impact my home value?
Solar panels can increase your property's value significantly as long as you buy or finance your panels and don't go 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 many solar panels should I get to power my home?
The exact number of solar panels you need depends on your household energy needs and the amount of sunlight your roof gets. You can look at your energy bills for the past year to get an idea of the solar system size you'll need. The average household has to install between 20 and 35 panels to cover their typical energy usage.
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.