Solar Panel Cost Guide in Broomfield, CO (2023 Update)
- Broomfield Solar Installation Cost: $14,586
- 25-Year Savings: $16,455
- Payback Period: 13.9 Years
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Updated October 25, 2023
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Average Cost of Solar Panels in Broomfield
We break down average solar pricing in Broomfield.
The average cost of solar panels in Broomfield is 4 per watt.The average solar panel system size in Broomfield is around 5.2 kilowatts, meaning a cost of about $14,586 for a solar installation, or $20,858 before the 0 federal solar tax credit is applied.
Remember that the numbers above are only averages. The price you’ll pay for solar may vary based on your household energy needs, the type of solar system you want, your solar contractor and more.For most homeowners, the upfront investment in solar panels is worth paying. On average you could be looking at about $19,000 in savings on utility bills over 20 years.
You can click the button below to get connected with a pre-vetted solar company in Broomfield that can help you get a more accurate cost estimate for your home.
Solar savings over time in Broomfield
| Year | Return on Investment |
|---|---|
| 1 years | $-13,618 |
| 3 years | $-11,681 |
| 5 years | $-9,745 |
| 7 years | $-7,809 |
| 9 years | $-5,873 |
| 11 years | $-3,937 |
| 13 years | $-2,000 |
| 15 years | $-64 |
| 17 years | $1,872 |
| 19 years | $3,808 |
| 21 years | $5,745 |
| 23 years | $7,681 |
| 25 years | $9,617 |
Top Solar Installers in Broomfield
When making the switch to solar, many homeowners prefer to use a solar company since handling can be a challenging project. Local solar installation companies can also help you optimize your return on investment by walking you through any local incentives and by offering warranties and repairs.
You can get a free quote from a local solar installer on how much solar panels could cost for your home. Here are some 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 Broomfield
Factors that Affect Solar Panel Costs in Broomfield
Cost is typically one of the most important factors for homeowners considering investing in solar. There are a few primary factors that affect your total cost in Broomfield: solar equipment and system size, financing options and the solar installation company you choose. We’ll discuss each of these briefly below.
Solar Equipment
One of the most significant factors to consider when it comes to the cost of installing solar panels is the size of the solar system, which is measured in kilowatts (kW). The more energy your household consumes, the larger your system will likely need to be. You can expect to spend around $3,980 per kilowatt in Broomfield.Some solar brands — like Maxeon from SunPower — are more costly upfront but also tend to offer higher efficiency. In a city like Broomfield, where sunlight is abundant, efficiency can quickly pay off. Plus, if you have a small roof or limited space for your panels, higher efficiency options will be more impactful. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
Many homeowners find the average cost of solar in Broomfield to be too costly, even if the investment pays off over time. Thankfully, nearly every solar installer in the area offers financing options. Solar loans drastically decrease upfront costs in most cases, but they also lead to paying more over time because of interest.It’s a good idea to factor 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 the amount of time it’ll take to pay off the loan.
Solar Panel Installation Company
The solar panel installer you select will play a role in your total cost to make the switch to solar . Different companies will bill different amounts for the equipment and labor.Additionally, some companies in Broomfield are more knowledgeable about local solar incentives and can help you take advantage of additional rebates or tax exemptions. However, they may charge more for that service. Even if they cost more upfront, they could end up saving you more money in the long run.
Solar Panel Cost Data by System Size
| System size | Cost per system watt | Solar system cost | 25-Year savings | Payback period |
|---|---|---|---|---|
| 6 kW | $4.14 | $17,385 | $12,771 | 14.4 years |
| 8 kW | $4.06 | $22,734 | $17,474 | 14.1 years |
| 10 kW | $3.98 | $27,860 | $22,400 | 13.9 years |
| 12 kW | $3.90 | $32,763 | $27,549 | 13.6 years |
| 14 kW | $3.82 | $37,444 | $32,920 | 13.3 years |
| 16 kW | $3.74 | $41,901 | $38,515 | 13.0 years |
| 18 kW | $3.66 | $46,136 | $44,332 | 12.7 years |
| 20 kW | $3.58 | $50,148 | $50,372 | 12.5 years |
How to Save on Solar Panels
Since the brand of solar panels and the installer you choose considerably impacts your costs and your system’s durability and efficiency, it’s important to pick the right ones for you. Here are some tips to keep in mind to help with your decision:
- Contract: Read the contract terms closely to make sure you understand how much it will cost, project timeline rebates and warranties.
- Reputation: Make sure your solar panel installer has a good reputation by verifying it has certifications and licenses, checking its work history and reading reviews by previous customers and solar experts like the EcoWatch team.
- Installation Process: Get details from your solar company about the installation process and what to expect, such as when the site survey will be completed and what the project timeline is.
- Warranty: Warranties that provide coverage for replacement parts and repairs over a long period of time such as 25 years are the gold standard in the business, and offering such a warranty is one indication of a quality company.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
EcoWatch's Broomfield, CO Solar Cost FAQs
How much does it cost to install solar panels in Broomfield?
The average cost of solar panels in Broomfield is about $19,900 for a 5-kW system and $39,800 for a 10-kW system before the ITC, but the real cost will depend on stuff like the model of solar panels you want, what size system you need and how much energy you consume.
Can you get solar panels for free in Broomfield?
You can’t get solar panels for free in Broomfield. However, you may still be able to install 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 Broomfield?
Solar panels can be a great investment for a majority of homeowners, but they might not be worth it for everyone. If your home doesn't get enough sunlight and/or your energy bills are already reasonably low, solar panels might not be for you.
How often do you have to replace solar panels?
Even 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 the amount of energy they produce will have decreased significantly after that point. You can opt to replace them once you've had them for that long or you can keep using 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.