Solar Panel Cost Guide in Aurora, CO (Oct 2022)

  • Aurora Solar Installation Cost: $9,679
  • 25-Year Savings: $17,119
  • Payback Period: 9.0 Years

See cost of a solar system near you:

GET QUOTES
EcoWatch Local Advisors

By EcoWatch Local Advisors

Updated 9/16/2022

Why you can trust EcoWatch

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 Aurora

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

While the national average of solar panels is $2.66 per watt, solar panels in Aurora generally cost around $3. Because a 5.1-kW system is needed to cover the energy costs of a typical home in Aurora, the average price of going solar will be about $9,679 before claiming the federal solar tax credit of 30%.

How much you pay can go above or below the average in Aurora based on a variety of factors, such as the model of solar panels you choose and the solar contractor you hire. Many homeowners find going solar is a fruitful investment. The average homeowner in Aurora can save around $20,000 on their power bills over 20 years.

To get a free quote from a highly rated solar installation company in Aurora, you can click the button below.

Solar savings over time in Aurora

Year Return on Investment
1 years $-8,607
3 years $-6,463
5 years $-4,319
7 years $-2,175
9 years $-31
11 years $2,112
13 years $4,256
15 years $6,400
17 years $8,544
19 years $10,688
21 years $12,831
23 years $14,975
25 years $17,119

Top Solar Installers in Aurora

DIY solar panel installation is a choice some homeowners opt for, but it's an undertaking that can be a headache. Going with a solar company can make switching to solar power much easier. Also, companies with a high reputation that are more expensive upfront could actually save you money in the long term due to their warranties, repair services and expert design.

Working with a professional solar company can make going solar easier. Here are our recommendations:

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 Solar Financing

Blue Raven Solar

★★★★★
4.5

  • Industry-leading in-house financing
  • Competitive pricing
  • Excellent reputation
  • Doesn't offer solar batteries (coming 2022)

Best Technology

The Green Panel

★★★★★
4.5

  • 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

See all of the solar companies in Aurora

Factors that Affect Solar Panel Costs in Aurora

For many Aurora homeowners, the decision to go solar depends on cost. However, the range of solar installation costs can be quite wide in Aurora, with typical prices between $20,000 to $40,000. There are several factors that significantly influence the price you'll pay, which we'll go over below.

Solar Equipment Size

When it comes to estimating the price of a solar system in Aurora, one of the most important factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are chiefly based on your home's energy consumption, which you can figure out by looking at past energy bills. Your overall cost can increase by around $2,690 for each additional kilowatt you need. There are several different solar panel brands and the one you pick also affects the cost. Generally, the brands that are more efficient tend to also be more expensive. Plus, the type of equipment you're looking to get can affect your total cost. If you only need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.

Solar Financing Terms

For some homeowners, paying for solar out of pocket can be a challenge. Solar loans are provided by most installers in Aurora, which can reduce, or in some cases eliminate, your upfront costs to make solar more accessible. You'll have to consider the long-term cost of financing options, including the amount of interest you'll pay over the length of the loan. If you're only able to get a high-interest loan, then your total can be hundreds or even thousands of dollars above the equipment and labor cost. Making a larger down payment or getting a solar loan with a low interest rate could reduce your costs significantly.

Solar Panel Installation Company

The solar panel installation company you choose will impact your total cost to make the switch to solar power. Different companies will bill different amounts for the equipment and labor. Larger national companies usually have lower costs, but some local companies undercut them by offering sales and discounts. While the smaller companies might not have specific equipment options like Tesla Powerwall batteries or additional services like electric car charger installation, they might be cheaper overall.

Solar Panel Cost Data by System Size

System size Cost per system watt Solar system cost 25-Year savings Payback period
6 kW $2.80 $11,750 $19,535 9.4 years
8 kW $2.74 $15,365 $26,348 9.2 years
10 kW $2.69 $18,830 $33,311 9.0 years
12 kW $2.64 $22,144 $40,426 8.8 years
14 kW $2.58 $25,308 $47,691 8.7 years
16 kW $2.53 $28,320 $55,106 8.5 years
18 kW $2.47 $31,182 $62,672 8.3 years
20 kW $2.42 $33,894 $70,389 8.1 years

Solar Incentives in Aurora

Name Property Tax Exemption for Residential Renewable Energy Equipment
Website Visit here
More Info Click here

Name Sales and Use Tax Exemption for Renewable Energy Equipment
Incentive Amount 100%
Website Visit here
More Info Click here

Name Eagle County - Energy Smart Colorado Renewable Energy Rebate Program
Website Visit here
More Info Click here

Name City of Boulder - Solar Sales and Use Tax Rebate
Website Visit here
More Info Click here

Name Roaring Fork Valley - Energy Smart Colorado Renewable Energy Rebate Program
Website Visit here
More Info Click here

Name Property Tax Exemption for Community Solar Gardens
Website Visit here
More Info Click here

Name Xcel Energy - Solar*Rewards Program
Website Visit here
More Info Click here

Name Local Option - Sales and Use Tax Exemption for Renewable Energy Systems
More Info Click here

Name Morgan County REA - Efficiency Credit/Rebate Programs
Website Visit here
More Info Click here

Name Local Option - Property Tax Exemption for Renewable Energy Systems
More Info Click here

Name Efficiency Works - Residential Energy Efficiency Rebate Program (Offered by 4 Utilities)
Website Visit here
More Info Click here

Name United Power - Residential Energy Efficient Appliance Rebate Program
Website Visit here
More Info Click here

Name Xcel Energy - Residential Energy Efficiency Financing
Incentive Amount Up to $50,000
Website Visit here
More Info Click here

Name Xcel Energy - Residential Energy Efficiency Rebate Programs
Website Visit here
More Info Click here

Name Xcel Energy - Home Performance with ENERGY STAR
Website Visit here
More Info Click here

Name Residential Energy Upgrade (RENU) Loan Program
Incentive Amount $35,000
Website Visit here
More Info Click here

Name Green Colorado Credit Reserve
Incentive Amount $250,000
Website Visit here
More Info Click here

Name Xcel Energy - Solar*Rewards Community Program
Website Visit here
More Info Click here

Name Eagle, Garfield, Gunnison, Lake, and Pitkin Counties - Energy Smart Colorado Loan Program
Incentive Amount $25,000
Website Visit here
More Info Click here

Name Residential Renewable Energy Tax Credit
Website Visit here
More Info Click here

How to Save on Solar Panels

The company that does your solar system installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Because selecting a company can be a tough decision, we have some tips to help you, such as:

  • Solar Panel Brands: Homeowners will have different preferences for panels based on their locations and energy needs. Even though there are many options for which model of solar panel you can get, not every company will have access to the exact one you may want or need, so be sure to ask for their list of offerings before making your decision.
  • Warranty: If you care about the longevity of your solar panel system, checking your installer offers a 25-year, all-inclusive warranty can give you some peace of mind.
  • Reputation: Companies that have been in business for many years likely have a solid reputation. This is important because it ensures that it will not only see your solar project through, but will also provide adequate aftercare and customer service, such as part repairs and replacements.
  • Contract: Look through the contract terms carefully to make sure you understand the overall cost, project completion timeline rebates and warranties.

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 Solar Financing

Blue Raven Solar

★★★★★
4.5

  • Industry-leading in-house financing
  • Competitive pricing
  • Excellent reputation
  • Doesn't offer solar batteries (coming 2022)

Best Technology

The Green Panel

★★★★★
4.5

  • 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

EcoWatch's Aurora, CO Solar Cost FAQs

How much does it cost to install solar panels in Aurora?

The average cost of solar panels in Aurora is about $13,450 for a 5-kW system and $26,900 for a 10-kW system before the ITC, but the real cost will depend on certain factors like the kind of solar panels you want, what size system you need and how much energy you consume.

Should I lease or buy solar panels in Aurora?

Leasing solar panels can be an option if you can't afford to pay upfront or get a solar loan, but since you don't own the system, you can't take advantage of many solar incentives. Also your home value won't increase, so you'll have less savings over time. If you can afford to buy a solar system upfront, then buying is the better option if you want the most savings from going solar.

Do solar panels increase the value of your home?

Buying or financing solar panels for your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Aurora is currently $325,559, so you can look forward to a value of about $13,348 more than houses without a solar system. The specific figures will vary, but most experts agree that installing solar panels in Aurora is a fruitful investment.

How often do you have to replace solar panels?

Though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they should be disposed of at that time. What this means is their energy production will have decreased significantly after that point. You can choose to replace them after having them for that long or you can continue to use them at a lower efficiency.

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.

solar panel and sunny sky
Invest in clean solar energy, save thousands of dollars.

Save $$ on your electricity bill by getting a free quote today.

Follow us