Solar Panel Cost Guide in Breckenridge, CO (2023 Update)
- Breckenridge Solar Installation Cost: $9,923
- 25-Year Savings: $17,511
- Payback Period: 9.0 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Breckenridge
Let's take a look at the average cost of solar in Breckenridge.
The average cost of a solar panel system in Breckenridge is 2.69 per watt. The average Breckenridge homeowner needs a 5.3-kilowatt system, which would cost about $9,923 with the federal tax credit, or $14,190 before the 30% tax credit is applied.
The prices above are just estimates to give you an idea of how much a solar energy system could cost. The exact cost of installing solar panels can vary quite a bit depending on several factors, such as what size system you need, your energy consumption and what solar installer you go with. Many homeowners find installing solar panels is a fruitful investment. The average homeowner in Breckenridge can save about $20,000 on their electricity bills over 20 years.
You can click the button below to get connected with a pre-vetted solar company in Breckenridge for a quote for your home.
Solar savings over time in Breckenridge
| Year | Return on Investment |
|---|---|
| 1 years | $-8,826 |
| 3 years | $-6,631 |
| 5 years | $-4,437 |
| 7 years | $-2,242 |
| 9 years | $-47 |
| 11 years | $2,148 |
| 13 years | $4,342 |
| 15 years | $6,537 |
| 17 years | $8,732 |
| 19 years | $10,927 |
| 21 years | $13,121 |
| 23 years | $15,316 |
| 25 years | $17,511 |
Top Solar Installers in Breckenridge
Trying to put up solar panels by yourself can be a dangerous task, which is why using a solar installation company is a good option for many homeowners. Also, companies with a high reputation that are more expensive upfront could actually save you money in the long run because of their warranties, repair services and expert design.
If you're looking for a solar company in Breckenridge, the EcoWatch team has put together a list of our top suggestions here:
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 Breckenridge
Factors that Affect Solar Panel Costs in Breckenridge
Although the average cost of a solar system in Breckenridge is $9,923, your actual cost may be above or below the average. There are several factors that can have a significant impact on the cost of a residential solar panel installation. Below are some of the more important things to keep in mind.
Solar Equipment
The size of the solar energy system you need, which is measured in kilowatts, is the most important cost factor to consider. For every additional kilowatt you need, your total will most likely increase by about $2,690. There are several different solar panel brands and the one you choose also affects the cost. Usually, the brands that are more efficient tend to also be more expensive. Additionally, the type of equipment you want to install can affect your total cost. If you only need panels, your system will be far less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Many homeowners find the average cost of solar in Breckenridge to be prohibitively expensive, even if the investment pays off over time. Thankfully, almost every solar installer in the area provides access to financing options. Solar loans greatly decrease upfront costs in most cases, but they also lead to a higher cost over time because of interest. You'll have to consider the long-term cost of financing options, including the total 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 more than the principal cost. Making a larger down payment or finding a solar loan with a low APR could reduce your costs remarkably.
Solar Panel Installation Company
The solar installer you hire to handle your switch to green energy can play a part in your total costs. There are about 3 solar panel companies operating in Breckenridge, and each can charge varying amounts for labor and equipment. The size of the company can sometimes play the most significant role in your costs. Larger national companies, like SunPro and Sunrun, often have lower pricing due to access to more resources and bulk pricing. Smaller local companies might be more costly, but they can sometimes have better customer service and more customization options, and the occasional sale or promotion can bring their pricing down to compete with bigger 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 | $19,480 | 9.4 years |
| 8 kW | $2.74 | $15,365 | $26,275 | 9.2 years |
| 10 kW | $2.69 | $18,830 | $33,220 | 9.0 years |
| 12 kW | $2.64 | $22,144 | $40,316 | 8.9 years |
| 14 kW | $2.58 | $25,308 | $47,563 | 8.7 years |
| 16 kW | $2.53 | $28,320 | $54,960 | 8.5 years |
| 18 kW | $2.47 | $31,182 | $62,508 | 8.3 years |
| 20 kW | $2.42 | $33,894 | $70,206 | 8.1 years |
How to Save on Solar Panels
There are many solar installers to choose from, all of which offer different warranties, solar panel brands and price points. To help you find the right company for you, here are some tips to keep in mind:
- Solar Panel Brands: Homeowners will have different preferences for panels based on their roof configurations and how much efficiency they need. Although there are many options for which type of solar panel you can get, not every company will have the exact one you may want or need, so be sure to take a look at their list of options before making your decision.
- Contract: Though reading through a contract can take a lot of time, it's important to do it carefully so you can be sure you understand how much the equipment and services will cost and the terms of the warranty.
- Installation Process: Make sure you're on the same page with the company with regard to how the installation process will go and what you need to do before your solar panels are installed, such as updating or replacing your electrical system or roof.
- Reputation: Long-standing companies likely have a good 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.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
EcoWatch's Breckenridge, CO Solar Cost FAQs
What is the average cost of installing solar panels in Breckenridge?
The average cost of solar panels in Breckenridge 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 type of solar panels you want, what size system you need and how much energy you consume.
Can you get solar panels for free in Breckenridge?
Solar panels aren't free in Breckenridge, 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 Breckenridge?
Each state has some kind of net metering programs except Tennessee, South Dakota and Alabama currently. Some states let you sell power back to the grid, but others just give you credit toward your future power bills.
What solar power system size is right for my home?
To figure out what solar panel system size you need, you need to know how much energy your home uses and how much sunlight your home gets. For a general estimate, however, since each panel can generally produce about 250 to 400 watt-hours per hour, the average home 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.