Solar Panel Cost Guide in Black Forest, CO (Feb 2023)
- Black Forest Solar Installation Cost: $9,453
- 25-Year Savings: $20,851
- Payback Period: 7.8 Years
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Top Solar Installers in Black Forest
When switching to solar energy, many homeowners decide to hire a solar installation company since overseeing your solar installation yourself can be a challenging project. Companies can also provide access to a large variety of the best solar panels and help you decide which one will be right for you.
Working with a licensed solar installer can make going solar easier. Here are our recommendations:
See all of the solar companies in Black Forest
Factors that Affect Solar Panel Costs in Black Forest
For many Black Forest homeowners, the decision to go solar depends on cost. However, the range of solar installation costs can be quite wide in Black Forest, 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 system size, which is measured in kilowatts, is one of the largest factors that affects the overall cost of installing solar panels. For that reason, it's crucial to accurately ascertain the size of the solar energy system needed for your home by figuring out your energy needs. The brand and kind of equipment you choose for your solar system can increase or decrease the price quite significantly. If you prefer a trusted 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 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 raise the cost.
Solar Financing Terms
Solar panels can save you money on utility bills over many years, but they can also be a significant investment. That's why many Black Forest homeowners choose to finance their solar panel systems to make going solar more affordable. 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 principal cost. Making a larger down payment or securing a solar loan with a low APR could reduce your costs significantly.
Solar Panel Installation Company
The solar company you opt for to handle your switch to solar energy can play a role in your total costs. There are about 3 solar panel companies in Black Forest, and each can charge different amounts for labor and equipment. The company's size can sometimes play the most significant role in the cost of installation. Larger national companies, like SunPro and Sunrun, often have lower pricing because they have access to more resources and bulk pricing. Smaller local companies might be more costly, but they generally have better customer service and more customization options, and the occasional sale or promotion can bring their pricing lower to compete with bigger names.
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||$24,485||8.1 years|
|8 kW||$2.74||$15,365||$32,949||8.0 years|
|10 kW||$2.69||$18,830||$41,562||7.8 years|
|12 kW||$2.64||$22,144||$50,327||7.6 years|
|14 kW||$2.58||$25,308||$59,242||7.5 years|
|16 kW||$2.53||$28,320||$68,307||7.3 years|
|18 kW||$2.47||$31,182||$77,524||7.2 years|
|20 kW||$2.42||$33,894||$86,891||7.0 years|
How to Save on Solar Panels
The solar company you go with will influence 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 a few important things you should take into account, including:
- Reputation: Make sure your solar system installer has a good reputation by confirming it has certifications and licenses, checking how long it's been in business and reading reviews by past customers and solar experts like the EcoWatch team.
- Solar Panel Brands: Each solar panel brand and model offers 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.
- Warranty: A quality company rises above other companies by offering the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Contract: When looking over your solar company's contract, ask questions about any terms you're not sure of and make sure you understand what happens in scenarios like a system part breaking or the company going out of business.
EcoWatch's Black Forest, CO Solar Cost FAQs
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.