Solar Panel Cost Guide in Castle Pines, CO (2024 Update)
- Castle Pines Solar Installation Cost: $14,333
- 25-Year Savings: $17,747
- Payback Period: 13.1 Years
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Average Cost of Solar Panels in Castle Pines
Let’s have a look at the average cost of solar in Castle Pines.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Castle Pines, the typical cost of solar panels is 4 per watt.To account for the typical energy needs of the average home in Castle Pines, most homeowners require a 5.1-kilowatt system. Using the figure above, a solar installation costs about $14,333, or $20,496 before the federal solar tax credit of 0 is applied.
Keep in mind that the figures above are only estimates based on the average energy use of Castle Pines homeowners. The price of a solar system for your home may look different depending on factors unique to your situation, like your household energy use and solar contractor.Many homeowners find going solar is a solid investment. The average homeowner in Castle Pines can save around $20,000 on their electricity bills over 20 years.
To receive a free quote from a top solar company in Castle Pines, you can click the button below.
Solar savings over time in Castle Pines
| Year | Return on Investment |
|---|---|
| 1 years | $-13,365 |
| 3 years | $-11,428 |
| 5 years | $-9,492 |
| 7 years | $-7,556 |
| 9 years | $-5,620 |
| 11 years | $-3,684 |
| 13 years | $-1,747 |
| 15 years | $189 |
| 17 years | $2,125 |
| 19 years | $4,061 |
| 21 years | $5,998 |
| 23 years | $7,934 |
| 25 years | $9,870 |
Top Solar Installers in Castle Pines
Although it's possible to install solar panels by yourself, it involves extra time and handiness. That's one of the reasons the majority of homeowners choose a solar panel installer. Another great thing about using a reputable solar installer is that it'll usually provide warranties and free repairs, which help protect your solar system over time.
There are a number of licensed solar professionals that can install solar panels for you. Here are our suggestions:
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
Outstanding Local Installer
Smart Wave Solar
- Installations include backup power guarantee
- Outstanding customer service
- Offers rewards for customer referrals
- Expensive
- No assistance with solar financing
- Limited brands of solar equipment available
See all of the solar companies in Castle Pines
Factors that Affect Solar Panel Costs in Castle Pines
The cost of installing a solar system in Castle Pines can vary by more than $10,000 from home to home. Your actual cost is determined by several factors. The largest one is the size of the system your household needs, and other factors include the equipment you choose, financing options and the solar installer you choose.
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 power your household uses, the larger your system will likely need to be. You can expect to pay about $3,980 per kilowatt in Castle Pines.The brand and kind of equipment you get for your solar system can increase or decrease 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 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
For some homeowners, paying for solar panels out of pocket can be financially overwhelming. Solar loans are provided by most installers in Castle Pines, which can bring down, or in some cases totally eliminate, your upfront costs to make solar more accessible.While solar loans make going solar more accessible for Castle Pines homeowners, they can also increase the total you pay for your system, depending on your interest rate. If you put down a larger down payment, though, you can cut back on how much interest you have to pay.
Solar Panel Installation Company
The solar panel installer you select will impact your total cost to adopt solar power. Different companies will charge different amounts for the equipment and labor.Additionally, some companies in Castle Pines have more knowledge about local solar incentives and can help you learn about additional rebates or tax exemptions. However, they may charge more for walking you through the whole process. 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 | $14,611 | 13.6 years |
| 8 kW | $4.06 | $22,734 | $19,927 | 13.3 years |
| 10 kW | $3.98 | $27,860 | $25,466 | 13.1 years |
| 12 kW | $3.90 | $32,763 | $31,228 | 12.8 years |
| 14 kW | $3.82 | $37,444 | $37,213 | 12.5 years |
| 16 kW | $3.74 | $41,901 | $43,421 | 12.3 years |
| 18 kW | $3.66 | $46,136 | $49,851 | 12.0 years |
| 20 kW | $3.58 | $50,148 | $56,505 | 11.8 years |
How to Save on Solar Panels
The solar company you opt for will affect not only your overall costs, but also the types of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are a few important things you should take into account, such as:
- Warranty: Warranties that cover defective panels and repairs over a couple decades are the best you can get in the business, and offering such a warranty is one sign of a good company.
- Contract: When reading through your solar company’s contract, ask questions about any terms you’re not sure of and be sure you understand what happens in scenarios such as a system part breaking or the company going out of business.
- Reputation: Companies that have been operating for many years likely have a solid reputation. This is important because it ensures that it will not only see your solar installation through, but will also provide quality aftercare and customer service, such as part repairs and replacements.
- 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.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
Outstanding Local Installer
Smart Wave Solar
- Installations include backup power guarantee
- Outstanding customer service
- Offers rewards for customer referrals
- Expensive
- No assistance with solar financing
- Limited brands of solar equipment available
EcoWatch's Castle Pines, CO Solar Cost FAQs
What is the average cost of installing solar panels in Castle Pines?
The average cost of solar panels in Castle Pines is about $19,900 for a 5-kW system and $39,800 for a 10-kW system before the ITC, but the actual cost will depend on things such as the type of solar panels you want, what size system you need and how much energy you use.
Are solar panels free in Castle Pines?
Solar panels aren’t free in Castle Pines, but there are some options that can make getting them more viable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can help lower the cost.
How much can I save on energy bills after installing solar panels?
It is possible to eliminate your electricity bills with solar panels, but for most homeowners throughout Castle Pines, that will require at least a 10-kW system. Not all homes will have the roof space for that size system, so you’ll want to contact a local solar installer to see how many panels can fit on your roof.
How long do solar panels last in Castle Pines?
On average, the lifespan of solar panels is about 25 to 30 years. Some even last up to 50 years, but their efficiency goes down by about 0.8% each year. You can choose to replace them sooner if you want to maintain a higher amount of energy production.
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.