Why you can trust EcoWatch
Top Solar Installers in Craig
Trying to install solar panels on your own can be a difficult project, which is why getting a solar installation company is a good option for many homeowners. Some solar installers, particularly local ones, can help you make the most of incentives in Craig, thereby optimizing your ROI.
Working with a licensed solar company can help you make the most of your investment in solar. Here are our recommendations:
See all of the solar companies in Craig
Factors that Affect Solar Panel Costs in Craig
For many Craig homeowners, the decision to adopt solar energy comes down to cost. However, the range of solar installation costs can be quite wide in Craig, with typical prices between $20,000 to $40,000. There are a few factors that greatly influence the price you'll pay, which we'll go over below.
Solar Equipment Size
One of the most important factors to consider when it comes to the cost of going solar is the size of the solar system, which is measured in kilowatts (kW). The more electricity your household consumes, the larger your system will likely need to be. You can expect to pay about $2,690 per kilowatt in Craig. The brand and kind of equipment you choose for your solar system can raise or lower the price quite significantly. If you prefer a trusted 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 will be looking at a higher equipment cost, but this can typically lead to greater savings over time. Also, if you want add-ons like an electric vehicle charger or solar batteries, this will also raise the cost.
Solar Financing Terms
For some homeowners, paying for a solar system out of pocket can be a challenge. Solar loans are offered by most installers in Craig, which can bring down, or in some cases completely eliminate, your upfront costs to make solar more accessible. It's wise to add the interest you'll pay in your final cost estimate. If you can afford to pay a higher down payment, you can reduce your total costs and the amount of time it'll take to pay back the loan.
Solar Panel Installation Company
The solar panel installation company you select will impact your total cost to go solar. Different companies will bill different amounts for the equipment and labor. The size of the company sometimes plays the most significant role in your costs. Larger national companies, like SunPro and Sunrun, often have lower pricing due to more resources and bulk pricing. Smaller local companies might be more costly, but they can sometimes have better customer service and more customization options, and the occasional sale or discount can bring their pricing lower to compete with bigger names.
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||$20,953||9.0 years|
|8 kW||$2.74||$15,365||$28,239||8.8 years|
|10 kW||$2.69||$18,830||$35,676||8.6 years|
|12 kW||$2.64||$22,144||$43,263||8.5 years|
|14 kW||$2.58||$25,308||$51,000||8.3 years|
|16 kW||$2.53||$28,320||$58,888||8.1 years|
|18 kW||$2.47||$31,182||$66,927||7.9 years|
|20 kW||$2.42||$33,894||$75,117||7.8 years|
Solar Incentives in Craig
How to Save on Solar Panels
There are a large number of companies available in Craig, and some homeowners feel overwhelmed considering their options. Choosing the right company for you can be tough, so here are some tips to help you decide:
- Contract: Even though reading through a contract can take a lot of time, it's important to do it carefully so you can make sure you understand how much the equipment and services will cost and how part repairs and replacements will be handled.
- Installation Process: Homeowners should understand how exactly the installation process will go, as well as important factors like the project timeline.
- Reputation: Make sure your solar installer has a good reputation by confirming it has certifications and licenses, checking its work history and reading reviews by previous customers and solar experts like the EcoWatch team.
- Solar Panel Brands: Each solar panel brand and model has varying levels of quality, longevity and efficiency. They will come at different prices as well. The company you choose affects which solar panel brands you have access to.
EcoWatch's Craig, CO Solar Cost FAQs
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.