Solar Panel Cost Guide in Berkley, CO (2023 Update)
- Berkley Solar Installation Cost: $9,713
- 25-Year Savings: $15,759
- Payback Period: 9.5 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Berkley
Let's have a look at the average cost of solar panels in Berkley.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Berkley, the typical cost of solar panels is 2.69 per watt. Because a 5.2-kW system is needed to cover the energy usage of a typical home in Berkley, the average price of going solar will be about $9,716 after claiming the federal solar tax credit of 30%.
The actual price you pay can be above or below the average in Berkley depending on a few factors, such as the brand of solar panels you choose and the solar contractor you hire. With typical savings of about $19,000 on energy bills over 20 years, many homeowners in Berkley find going solar can pay off big.
You can click the button below to get connected with a top solar installer in Berkley that can help you get a more accurate cost estimate for your home.
Solar savings over time in Berkley
| Year | Return on Investment |
|---|---|
| 1 years | $-9,628 |
| 3 years | $-9,458 |
| 5 years | $-9,288 |
| 7 years | $-9,119 |
| 9 years | $-8,949 |
| 11 years | $-8,779 |
| 13 years | $-8,609 |
| 15 years | $-8,439 |
| 17 years | $-8,269 |
| 19 years | $-8,100 |
| 21 years | $-7,930 |
| 23 years | $-7,760 |
| 25 years | $-7,590 |
Top Solar Installers in Berkley
Trying to install solar panels yourself can be a stressful project, which is why hiring a solar installer is a good option for many homeowners. Also, companies with an outstanding reputation that cost more upfront could actually save you money in the long run because of their warranties, repair services and expert design.
If you'd like to go solar but still aren't sure which solar panel company to go with, here are our recommendations for providers near you:
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 Berkley
Factors that Affect Solar Panel Costs in Berkley
The cost of installing a solar system in Berkley can vary by more than $10,000 from home to home. Your actual cost depends on several factors. The most significant one is the size of the system your household needs, and other factors include equipment choices, financing options and the solar installer you choose.
Solar Equipment
Solar system size, which is measured in kilowatts, is one of the largest factors that determines the overall cost of going solar. Because of that, it's a priority to accurately gauge the size of the solar energy system needed for your home by figuring out your typical energy use. The brand and kind of equipment you get for your solar system can raise or lower the price quite significantly. If you prefer a brand name like Tesla or SunPower, these often come at a higher price 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 greater savings over time. Also, if you want additional equipment like an electric vehicle charger or solar batteries, this will also increase the cost.
Solar Financing Terms
For some homeowners, paying for solar out of pocket can be a challenge. Solar loans are offered by most installers in Berkley, which can bring down, or in some cases totally eliminate, your upfront costs to make solar more affordable. It's a good idea to include the interest you'll pay in your final cost estimate. If you can afford to put more money down upfront, you can reduce your total costs and how long it'll take to pay back the loan.
Solar Panel Installation Company
A final consideration when trying to figure out the cost of solar for your home or business in Berkley is the company you get to install your PV system. As with choosing a company to renovate your kitchen, for example, you'll have no shortage of solar installers that offer a range of services for different budgets. You may notice national solar installers that have lower prices because of their bigger brand name and access to bulk equipment prices, or you might see small, local installation companies offering deals or specials to compete with those major players.
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 | $17,879 | 9.9 years |
| 8 kW | $2.74 | $15,365 | $24,139 | 9.7 years |
| 10 kW | $2.69 | $18,830 | $30,551 | 9.5 years |
| 12 kW | $2.64 | $22,144 | $37,113 | 9.3 years |
| 14 kW | $2.58 | $25,308 | $43,826 | 9.2 years |
| 16 kW | $2.53 | $28,320 | $50,689 | 9.0 years |
| 18 kW | $2.47 | $31,182 | $57,703 | 8.8 years |
| 20 kW | $2.42 | $33,894 | $64,868 | 8.6 years |
How to Save on Solar Panels
The company that does your solar panel installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Because choosing a company can be a tough decision, we have some tips to help you, such as:
- Installation Process: Homeowners should make sure they understand how exactly the installation process will be carried out, as well as important factors like the project completion timeline.
- Contract: When looking over your solar installer's contract, ask for clarification about any terms you're not sure of and make sure you understand what happens in scenarios like a system component breaking or the company going out of business.
- Warranty: An all-inclusive, long-term warranty can help keep your solar system running for a long time and save you money on part replacement and repairs.
- Solar Panel Brands: Each solar panel brand and kind has varying levels of quality, longevity and energy efficiency. They will come at different costs as well. The company you choose plays a role in which solar panel brands you have access to.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
EcoWatch's Berkley, CO Solar Cost FAQs
What is the average cost of installing solar panels in Berkley?
This is a difficult question to answer precisely, because the cost depends on many factors. Generally speaking, it costs about $13,450 for a 5-kW system and $26,900 for a 10-kW system after the ITC is applied. You can expect to pay more if you want additional solar equipment or higher quality panels, or if you have higher-than-average energy consumption. On the other hand, you can spend less if you opt for a smaller solar panel system or less expensive solar panels.
Are solar panels free in Berkley?
You can't get solar panels for free in Berkley. However, you may still be able to afford them on a lower budget. You can lease solar panels for a low upfront cost or, if you'd rather own your solar panels, you can finance them with a solar loan.
Is it worth going solar in Berkley?
Solar panels can be a fruitful investment for many homeowners, but they might not be worth it for everyone. If your home doesn't get enough sunlight and/or your electricity bills are already pretty low, solar panels might not be for you.
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy consumption and the amount of sunlight your roof gets. You can take a 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 get 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.