Solar Panel Cost Guide in Commerce City, CO (2023 Update)
- Commerce City Solar Installation Cost: $9,716
- 25-Year Savings: $17,029
- Payback Period: 9.1 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Commerce City
Let's take a look at the average cost of solar in Commerce City.
While the national average of solar panels is $2.66 per watt, solar panels in Commerce City typically cost about 2.69. The average Commerce City homeowner needs a 5.2-kilowatt system, which would cost about $9,716 with the federal tax credit, or $13,894 before the 30% tax credit is applied.
How much you pay can go higher or lower than the average in Commerce City based on several factors, such as the model of solar panels you choose and the solar contractor you hire. Even with the large initial cost, the average Commerce City homeowner can save about $20,000 on their electricity bills over 20 years, which is one of the positives of solar.
To receive a free quote from a highly rated solar installation company in Commerce City, you can click the button below.
Solar savings over time in Commerce City
| Year | Return on Investment |
|---|---|
| 1 years | $-8,646 |
| 3 years | $-6,507 |
| 5 years | $-4,367 |
| 7 years | $-2,228 |
| 9 years | $-88 |
| 11 years | $2,052 |
| 13 years | $4,191 |
| 15 years | $6,331 |
| 17 years | $8,470 |
| 19 years | $10,610 |
| 21 years | $12,750 |
| 23 years | $14,889 |
| 25 years | $17,029 |
Top Solar Installers in Commerce City
Trying to install solar panels yourself can be a stressful task, which is why using a solar installation company is a good option for many homeowners. Solar warranties and repairs are typically included in the cost of installation when you sign a contract with a solar company as well, which can save you more money after your initial investment.
There are various 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
See all of the solar companies in Commerce City
Factors that Affect Solar Panel Costs in Commerce City
Although the average cost of a solar system in Commerce City is $9,716, your actual cost may be higher or lower than that. There are several factors that can have a major impact on the cost of a residential solar panel installation. Below are some of the more important things to keep in mind.
Solar Equipment
The cost of solar panel systems varies by thousands of dollars due to some different factors. One of the key factors is the system size, which is measured in kilowatts (kW). Solar power systems that have better efficiency or power production require better technology and/or more equipment, both of which can increase costs. For each additional kilowatt you need, your cost can go up by about $2,690. Some solar brands — like Maxeon from SunPower — are more costly upfront but also tend to offer better efficiency. In a city like Commerce City, where sunlight is abundant, efficiency can quickly pay off. Also, if you have a small roof or limited space for your panels, higher efficiency options will be a better option. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
Most solar installers in Commerce City offer solar loans, which reduce the initial cost of installing solar panels. You'll have to consider the long-term cost of loans, including the total interest you'll pay over the length of the loan. If you're only able to get a high-interest loan, then your total can be hundreds or even thousands of dollars above the equipment and labor cost. Making a larger down payment or securing a solar loan with a low interest rate could reduce your costs significantly.
Solar Panel Installation Company
The solar company you hire to handle your switch to clean energy can play a role in your total costs. There are about 3 solar installation companies in Commerce City, and each can charge different amounts for labor and equipment. Additionally, some companies in Commerce City have more knowledge about local solar incentives and can help you take advantage of additional rebates or tax exemptions. Though, they may charge more for walking you through the whole process. Even if they cost more upfront, they could help you save 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 | $2.80 | $11,750 | $19,359 | 9.4 years |
| 8 kW | $2.74 | $15,365 | $26,114 | 9.3 years |
| 10 kW | $2.69 | $18,830 | $33,019 | 9.1 years |
| 12 kW | $2.64 | $22,144 | $40,075 | 8.9 years |
| 14 kW | $2.58 | $25,308 | $47,281 | 8.7 years |
| 16 kW | $2.53 | $28,320 | $54,638 | 8.5 years |
| 18 kW | $2.47 | $31,182 | $62,146 | 8.4 years |
| 20 kW | $2.42 | $33,894 | $69,804 | 8.2 years |
How to Save on Solar Panels
Since the kind of solar panels and the installation company you choose greatly impacts your costs and your system's durability and efficiency, it's important to select the right ones for you. Here are some things to keep in mind to help with your decision:
- Contract: Look through the contract terms closely to make sure you understand the overall cost, completion timeline rebates and warranties.
- Installation Process: Make sure you're on the same page with the installer with regard to how the installation process will go and what needs to be done before your solar panel system is installed, such as repairing your electrical system or roof.
- Warranty: Many companies offer different types of warranties that provide different kinds of coverage. A 25-year, all-inclusive warranty is the gold standard.
- Solar Panel Brands: The kind of solar panel you want plays a part in which company you should opt for, 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
EcoWatch's Commerce City, CO Solar Cost FAQs
What is the average cost of installing solar panels in Commerce City?
The average cost of solar panels in Commerce City 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 stuff like the model of solar panels you want, what size system you need and how much energy you use.
What other factors should I consider in addition to cost when buying solar panels?
The initial cost is a crucial factor to consider, but whether it's the most important for you depends on your goals for going solar. In areas where rooftop space is limited, efficiency can be more important than the cost. Other factors that are important to consider are the quality and durability of your solar panels.
Can you sell solar power back to the grid in Commerce City?
Most states offer net metering programs of some kind. Through these, you can receive compensation for the extra power your system produces or or receive credits to put toward future utility bills. Currently there are just three states that don't have any net metering laws: Alabama, Tennessee and South Dakota.
How many solar panels should I get to power my home?
The exact number of solar panels you need depends on your household energy consumption and the amount of 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.