Solar Panel Cost Guide in Avon, CO (2023 Update)
- Avon Solar Installation Cost: $9,959
- 25-Year Savings: $15,334
- Payback Period: 9.8 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Avon
Let's have a look at the average cost of solar in Avon.
While the national average of solar panels is $2.66 per watt, solar panels in Avon generally cost around 2.69. The average solar panel system size in Avon is around 5.3 kilowatts, meaning a cost of about $9,961 for a solar installation, or $14,244 before the 30% federal solar tax credit is applied.
Keep in mind that the numbers above are only averages. The price you'll pay for solar may look quite different based on your household energy consumption, the type of equipment you want to get, your solar contractor and more. Even with the large initial cost, the average Avon homeowner can save about $18,000 on their electricity bills over 20 years, which is one of the advantages of solar.
For a free quote from a local solar installer that has been pre-vetted by the EcoWatch team, click the button below.
Solar savings over time in Avon
| Year | Return on Investment |
|---|---|
| 1 years | $-8,991 |
| 3 years | $-7,055 |
| 5 years | $-5,118 |
| 7 years | $-3,182 |
| 9 years | $-1,246 |
| 11 years | $690 |
| 13 years | $2,627 |
| 15 years | $4,563 |
| 17 years | $6,499 |
| 19 years | $8,435 |
| 21 years | $10,371 |
| 23 years | $12,308 |
| 25 years | $14,244 |
Top Solar Installers in Avon
Although it's possible to install solar panels on your own, it takes extra labor and knowledge. That's why the majority of homeowners choose to hire a solar panel installer. The expertise that solar companies offer can be valuable as well, particularly if you don't quite know what brand of solar equipment would be right for your home.
Working with a licensed solar company can make going solar easier. Here are our recommendations:
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
See all of the solar companies in Avon
Factors that Affect Solar Panel Costs in Avon
There are many criteria that can determine your installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that performs the installation.
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 power your household consumes, the larger your system will likely need to be. You can expect to spend about $2,690 per kilowatt in Avon. The brand and type of equipment you want for your solar system can increase or decrease the price quite significantly. If you prefer a brand name like Tesla or SunPower, these often have a higher price tag than other brands. Efficiency also matters. Whether you're opting for high efficiency because you have limited roof space or just want maximum energy production, you can expect a higher equipment cost, but this can typically lead to greater 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
Solar panels can save you money on power bills over time, but they can also be a big investment. That's why many Avon homeowners choose to finance their solar panel systems to make paying for solar more affordable. You'll have to consider the long-term cost of loans, 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 securing a solar loan with a low interest rate could reduce your costs considerably.
Solar Panel Installation Company
A final consideration when trying to estimate the cost of solar for your home or business in Avon is the company you get to install your solar panel system. Similar to choosing a company to install new cabinets, for example, there are plenty of solar installers that offer a range of services at different price points. You may notice national solar installers that have lower prices due to their larger brand name and access to bulk pricing, or you might see small, local installation companies offering deals or specials to compete with those larger companies.
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 | $16,944 | 10.2 years |
| 8 kW | $2.74 | $15,365 | $22,893 | 10.0 years |
| 10 kW | $2.69 | $18,830 | $28,993 | 9.8 years |
| 12 kW | $2.64 | $22,144 | $35,244 | 9.6 years |
| 14 kW | $2.58 | $25,308 | $41,645 | 9.4 years |
| 16 kW | $2.53 | $28,320 | $48,197 | 9.3 years |
| 18 kW | $2.47 | $31,182 | $54,899 | 9.1 years |
| 20 kW | $2.42 | $33,894 | $61,752 | 8.9 years |
How to Save on Solar Panels
The solar company you go with will be a major factor in determining not only your total costs, but also the types of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are some important things you should consider, such as:
- Warranty: If you care about the longevity of your solar panels, checking if your company offers a 25-year, all-inclusive warranty can help put you at ease.
- Solar Panel Brands: Different companies offer various brands and kinds of panels. If you know you want a specific brand, make sure the solar panel installer you're considering has it.
- Contract: Before you sign a contract with a solar installer, make sure you read it through fully so you understand the terms. Also, ask questions if you're not certain about some of the terms, such as what to do if a component breaks or malfunctions and if there are any guarantees about energy production.
- Reputation: Solar panel companies that have great reviews from their customers and that have been in business for many years most likely provide high-quality solar panel installation and expertise.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
EcoWatch's Avon, CO Solar Cost FAQs
What is the average cost of installing solar panels in Avon?
This is a difficult question to answer exactly, because the cost depends on a variety of factors. Broadly speaking, it costs about $13,450 for a 5-kW system and $26,900 for a 10-kW system after the ITC is applied. It will be more expensive if you want other solar equipment or higher quality panels, or if you have higher-than-average energy needs. Conversely, you can spend less if you go with a smaller solar panel system or less efficient solar panels.
Are solar panels free in Avon?
A solar panel system isn't free in Avon, but there are some options that can make getting them more feasible, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can further reduce the cost.
Can you sell solar power back to the grid in Avon?
Most states have net metering programs of some kind. Through these, you can either receive compensation for the extra power your system generates or or receive credits to put toward future utility bills. Currently there are just three states that don't have any net metering laws: Alabama, Tennessee and South Dakota.
What solar power system size is right for my home?
To figure out how many solar panels you need, you need to know how much energy your home requires and how much sunlight your home gets. For a general estimate, however, since each panel can usually produce about 250 to 400 watt-hours per hour, the average household will need 20 to 35 panels.
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.