Solar Panel Cost Guide in Cimarron Hills, CO (2024 Update)
- Cimarron Hills Solar Installation Cost: $13,979
- 25-Year Savings: $11,883
- Payback Period: 11.6 Years
See cost of a solar system near you:
Please enter a valid 5-digit zip code!
Why you can trust EcoWatch
Average Cost of Solar Panels in Cimarron Hills
Let’s take a look at the average cost of solar panels in Cimarron Hills.
While the national average of solar panels is $2.66 per watt, solar panels in Cimarron Hills typically cost about 4.Using this figure, a typical 5.0-kW system would cost about $13,979 before the 0 federal solar tax credit is applied.
The prices above are just estimates to give you an idea of how much a solar panel system could cost. The actual cost of installing solar panels can vary based on several factors, such as what size system you need, your energy usage and what company you go with.Many homeowners find adopting solar power is a rewarding investment. The average homeowner in Cimarron Hills can save around $23,000 on their energy bills over 20 years.
To see your potential ROI and connect with a local solar expert, click the button below.
Solar savings over time in Cimarron Hills
| Year | Return on Investment |
|---|---|
| 1 years | $-12,945 |
| 3 years | $-10,876 |
| 5 years | $-8,807 |
| 7 years | $-6,738 |
| 9 years | $-4,669 |
| 11 years | $-2,600 |
| 13 years | $-531 |
| 15 years | $1,538 |
| 17 years | $3,607 |
| 19 years | $5,676 |
| 21 years | $7,745 |
| 23 years | $9,814 |
| 25 years | $11,883 |
Top Solar Installers in Cimarron Hills
DIY solar panel installation is a possibility, but it's an undertaking that can be a pain. Using a solar panel installer can make your swap to solar power much easier. Plus, if you’d like to maximize your investment in solar, going with a solar installer can help with that as well. Different providers can offer repairs, expertise on solar panel installation and sometimes even information on local incentives, rebates and net metering programs.
Working with a vetted solar company can help your solar project go smoothly. Here are our recommendations:
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 Cimarron Hills
Factors that Affect Solar Panel Costs in Cimarron Hills
There are several criteria that can influence your solar system installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that performs the installation.
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 that have greater efficiency or power generation require 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 $3,980.There are several different solar panel brands and the one you choose also changes the cost. Usually, the brands that have better efficiency tend to also be more expensive. Plus, the type of equipment you’re looking 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
Solar panels can save you money on utility bills over time, but they can also be a big investment. That’s why many Cimarron Hills homeowners decide to finance their solar panel systems to make going solar more affordable.Though solar loans make switching to solar energy more accessible for Cimarron Hills 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
A final factor to keep in mind when trying to figure out the cost of solar for your home or business in Cimarron Hills is the company you choose to install your solar panel system. Similar to choosing a company to renovate your kitchen, for instance, there are plenty of solar installers that provide a range of services at different price points.Larger national companies generally have lower costs, but some local companies compete with them by offering sales and discounts. While the smaller companies might not have access to specific equipment options like Tesla Powerwall batteries or add-on 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 | $18,550 | 12.1 years |
| 8 kW | $4.06 | $22,734 | $25,179 | 11.9 years |
| 10 kW | $3.98 | $27,860 | $32,031 | 11.6 years |
| 12 kW | $3.90 | $32,763 | $39,105 | 11.4 years |
| 14 kW | $3.82 | $37,444 | $46,403 | 11.2 years |
| 16 kW | $3.74 | $41,901 | $53,924 | 10.9 years |
| 18 kW | $3.66 | $46,136 | $61,667 | 10.7 years |
| 20 kW | $3.58 | $50,148 | $69,633 | 10.5 years |
How to Save on Solar Panels
The company that does your solar system installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Since selecting a company can be difficult, we have some tips to help you, such as:
- 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 if the company goes out of business.
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a respected certification organization for sustainable energy professionals. If your solar panel installer is NABCEP-certified, it most likely has a good reputation and is qualified to do the job well. Another way you can check your installer’s reputation is by reading reviews.
- Installation Process: Get details from your solar installer about the installation process and what to expect, such as when the site survey will be done and what the project timeline is.
- Solar Panel Brands: The model of solar panel you’d like to get plays a role in which company you should choose, since different companies offer different panels.
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 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 $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 certain factors such as the kind of solar panels you want, what size system you need and how much energy you use.
Should I lease or buy solar panels in Cimarron Hills?
Leasing solar panels can be an option if you can’t afford to pay upfront or get a solar loan, but since you don’t own the system, you can’t take advantage of many solar incentives. Also your home value won’t increase, so you’ll have less savings over time. If you can afford to buy a solar system upfront, then buying is the better option if you want the most bang for your buck from going solar.
How will installing solar panels impact my home value?
Solar panels can increase the value of your home remarkably as long as you buy or finance your panels and don’t choose a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% after installing a solar system."
How many solar panels do I need to power my home?
The exact number of solar panels you need depends on your household energy consumption and how much sunlight your roof gets. You can look at your energy bills for the past year to get an idea of the solar system size you'll need. The average household has to install between 20 and 35 panels to cover their typical energy usage.
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.