Solar Panel Cost Guide in Castle Pines Village, CO (2023 Update)
- Castle Pines Village Solar Installation Cost: $14,333
- 25-Year Savings: $17,747
- Payback Period: 13.1 Years
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Updated October 25, 2023
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Average Cost of Solar Panels in Castle Pines Village
Find out what the average cost of a solar system is in Castle Pines Village.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Castle Pines Village, the typical cost of solar panels is 2.69 per watt.The average solar panel system size in Castle Pines Village is around 5.1 kilowatts, meaning a cost of about $9,679 for a solar installation, or $13,841 before the 30% federal solar tax credit is applied.
Keep in mind that the figures above are only estimates based on the average energy use of Castle Pines Village homeowners. The cost of a solar system for your home may be different depending on factors unique to you, like your household energy use and solar contractor.Many homeowners find going solar is a fruitful investment. The average homeowner in Castle Pines Village can save around $20,000 on their energy bills over 20 years.
You can click the button below to get connected with a vetted solar company in Castle Pines Village for a quote for your home.
Solar savings over time in Castle Pines Village
| 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 Village
Installing solar panels on your own can be a challenging project, which is why getting a solar installation company is a good option for many homeowners. Plus, if you aren't sure what type of solar panels and equipment you may need, a solar expert can help you figure that out after a site survey and consultation.
Working with a professional solar company can help you make the most of your investment in solar. Here are our recommendations:
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 Castle Pines Village
Factors that Affect Solar Panel Costs in Castle Pines Village
The cost of installing a solar system in Castle Pines Village can vary by more than $10,000 from home to home. Your actual cost is dependent on several factors. The most significant one is your system size, and other factors include the equipment you choose, financing options and the solar company you choose.
Solar Equipment
The cost of solar panels varies by thousands of dollars due to a variety of factors. One of the key factors is the system size, which is measured in kilowatts (kW). Solar power systems with higher efficiency or power generation use better technology and/or more equipment, both of which can raise costs. For each additional kilowatt you need, your cost can go up by about $2,690.There are many different solar panel brands and the one you choose also changes the cost. Generally, the brands that offer higher efficiency tend to also be more expensive. Additionally, the type of equipment you choose can affect your total cost. If you just need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Solar panels can save you money on utility bills over time, but they can also be a significant investment. That's why many Castle Pines Village homeowners opt to finance their solar panel systems to offset upfront costs.However, the interest on solar loans also adds to your all-in costs, so it's important to keep that in mind as well. You can always bring down the total you pay in interest and sometimes even your APR by making a larger down payment.
Solar Panel Installation Company
The solar installer you hire to handle your switch to solar energy can play a role in your total costs. There are about 3 solar panel companies in Castle Pines Village, and each can charge varying amounts for labor and equipment.Larger national companies typically have lower costs, but some local companies undercut them by promoting sales and discounts. While the smaller companies might not have access to specific equipment options like Tesla Powerwall batteries or extra services like electric car charger installation, they might be cheaper overall.
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 panel company you choose will influence not only your total costs, but also the kinds of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are a few important things you should consider, such as:
- Warranty: If you care about the durability of your solar system, making sure your installer offers a 25-year, all-inclusive warranty can give you some peace of mind.
- Solar Panel Brands: Homeowners will have different preferences for panels depending on their locations and how much efficiency they need. Even though there are many options for which brand of solar panel you can get, not every company will have access to the exact one you may want or need, so make sure you ask for their list of offerings before deciding.
- Reputation: Make sure your solar company has a good reputation by verifying 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.
- Contract: It's important to look over your solar installer's contract well to understand what services they will provide, what the warranty covers and what expectations you should have about the installation process.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
EcoWatch's Castle Pines Village, CO Solar Cost FAQs
What is the average cost of installing solar panels in Castle Pines Village?
This is a hard question to answer exactly, because the cost depends on many factors. Broadly 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 other solar equipment or more efficient panels, or if you have higher-than-average energy needs. Conversely, you can spend less if you choose a smaller solar panel system or cheaper solar panels.
What other factors should I consider in addition to cost when buying solar panels?
Cost is a key factor to consider, but whether it's the most important for you depends on why you decided to go solar. In places where rooftop space is limited, efficiency can be more important than the cost. Other factors that are important to think about are the quality and durability of your solar panels.
Can solar panels completely eradicate my electricity bills?
It is possible to eradicate your electricity bills with solar panels, but for most homeowners in Castle Pines Village, that will require at least a 10-kW system. Not all homes can accommodate that size system, so you'll want to check with a local solar installer to see how many panels can fit on your roof.
How often do you have to replace solar panels?
On average, solar panels can last about 25 to 30 years. Some even last up to 50 years, but their efficiency decreases by about 0.8% each year. You can choose to replace them sooner if you want to maintain a larger level 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.