Solar Panel Cost Guide in Cimarron Hills, CO (2023 Update)
- Cimarron Hills Solar Installation Cost: $9,453
- 25-Year Savings: $20,599
- Payback Period: 7.9 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Cimarron Hills
We break down average solar pricing in Cimarron Hills.
In Cimarron Hills, solar panels cost about 2.69 per watt on average. The average Cimarron Hills homeowner needs a 5.0-kilowatt system, which would cost about $9,453 with the federal tax credit, or $13,518 before the 30% tax credit is applied.
How much you pay can be higher or lower than the average in Cimarron Hills based on a few factors, such as the brand of solar panels you choose and the solar company you hire. But, after you've paid the upfront cost of installation, the payback for most homeowners is usually fruitful, with a net average savings of about $23,000 over 20 years on utility bills.
You can click the button below to get connected with a top solar installer in Cimarron Hills that can help you get a more accurate cost estimate for your home.
Solar savings over time in Cimarron Hills
| Year | Return on Investment |
|---|---|
| 1 years | $-8,251 |
| 3 years | $-5,846 |
| 5 years | $-3,442 |
| 7 years | $-1,038 |
| 9 years | $1,366 |
| 11 years | $3,770 |
| 13 years | $6,174 |
| 15 years | $8,579 |
| 17 years | $10,983 |
| 19 years | $13,387 |
| 21 years | $15,791 |
| 23 years | $18,195 |
| 25 years | $20,599 |
Top Solar Installers in Cimarron Hills
Although you can install solar panels by yourself, it involves extra effort and handiness. That's one of the reasons most people choose to go with a solar panel installer. A solar company can also help save you money in the long run by offering warranties, repairs and component replacements.
Working with a professional solar company can make going solar easier. 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 Cimarron Hills
Factors that Affect Solar Panel Costs in Cimarron Hills
For many Cimarron Hills homeowners, the decision to install solar panels depends on cost. However, the range of solar installation costs can be quite wide in Cimarron Hills, 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 Equipment
One of the most important factors to consider when it comes to the cost of adopting solar energy is the size of the solar system, which is measured in kilowatts (kW). The more power your household consumes, the larger your system will likely need to be. You can expect to spend around $2,690 per kilowatt in Cimarron Hills. The type of solar panels and equipment you get is another factor that will significantly affect costs. Solar panels that are more efficient, like monocrystalline panels, tend to be more expensive. Furthermore, solar equipment consists of more than just the solar panels themselves. You'll also need to consider the kind of racks used to mount the panels, inverters, solar batteries, etc. It's important to take all of this into consideration when looking into a solar system that falls within your budget.
Solar Financing Terms
Most solar companies in Cimarron Hills offer solar loans, which reduce your upfront costs of installing solar. When estimating your overall cost, you should also calculate the interest you'll pay if you choose to go with a solar loan. Also, paying more upfront can lower the total interest paid over time.
Solar Panel Installation Company
Finally, the company you choose to install your solar panels can affect your pricing. Cimarron Hills' solar companies all have different labor costs and add varying upcharges to equipment. Companies that only sell products with high efficiency and therefore a higher price point — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally come at a higher cost. It's best to do some research and choose a company that provides the products, warranties and services you're looking for and also fit into your budget.
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 | $24,184 | 8.2 years |
| 8 kW | $2.74 | $15,365 | $32,547 | 8.0 years |
| 10 kW | $2.69 | $18,830 | $41,061 | 7.9 years |
| 12 kW | $2.64 | $22,144 | $49,725 | 7.7 years |
| 14 kW | $2.58 | $25,308 | $58,539 | 7.5 years |
| 16 kW | $2.53 | $28,320 | $67,505 | 7.4 years |
| 18 kW | $2.47 | $31,182 | $76,621 | 7.2 years |
| 20 kW | $2.42 | $33,894 | $85,887 | 7.1 years |
How to Save on Solar Panels
Since the model of solar panels and the company you choose greatly affects your costs and your system's efficiency, production, and durability, it's important to pick the right ones for you. Here are some things to keep in mind to help with your decision:
- Solar Panel Brands: Different companies carry various brands and types of panels. If you prefer a specific brand, make sure the solar panel installer you're considering has it.
- Installation Process: One of the most important things to understand when going solar is the installation process itself. Be sure to clarify any details you should know with your solar company, such as what permits you should secure and what the project timeline is.
- Warranty: A quality company rises above other companies by providing the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Contract: Before signing a contract with a solar installer, make sure to read it through carefully so you understand the terms. Also, ask questions if you aren't sure about some of the terms, such as what to do if a part breaks or malfunctions and what services you can expect from them.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
EcoWatch's Cimarron Hills, CO Solar Cost FAQs
How much does it cost to install solar panels in Cimarron Hills?
The average cost of solar panels in Cimarron Hills is about $13,450 for a 5-kW system and $26,900 for a 10-kW system before the ITC, but the actual cost will depend on certain factors such as the kind of solar panels you want, what size system you need and how much energy you consume.
Are solar panels free in Cimarron Hills?
You can't get solar panels for free in Cimarron Hills. However, you may still be able to get 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 switching to solar power worth it?
Whether or not solar panels are worth it depends on a variety of factors like how much you pay for electricity and how much direct sunlight your roof gets.
How often do you have to replace solar panels?
Though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they are completely unusable at that time. What this means is how much energy they produce will have decreased significantly after that point. You can replace them after having 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.