Solar Panel Cost Guide in Dacono, CO (2023 Update)
- Dacono Solar Installation Cost: $9,867
- 25-Year Savings: $17,563
- Payback Period: 9.0 Years
See cost of a solar system near you:
Please enter a valid 5-digit zip code!
Updated May 04, 2023
Why you can trust EcoWatch
Average Cost of Solar Panels in Dacono
Find out what the average cost of solar panels are in Dacono.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Dacono, the typical cost of solar panels is 2.69 per watt. Because a 5.2-kW system is needed to cover the energy costs of a typical home in Dacono, the average price of going solar will be about $9,867 after claiming the federal solar tax credit of 30%.
Bear in mind that the figures above are only estimates based on the average energy use of Dacono homeowners. The cost of a solar system for your home may look different depending on factors unique to you, like your household energy use and solar contractor. For many homeowners, the upfront cost of solar panels is worth paying. On average you could be looking at about $20,000 in savings on utility bills over 20 years.
You can click the button below to get connected with a vetted solar company in Dacono that can help you get a more accurate cost estimate for your home.
Solar savings over time in Dacono
| Year | Return on Investment |
|---|---|
| 1 years | $-8,770 |
| 3 years | $-6,575 |
| 5 years | $-4,381 |
| 7 years | $-2,187 |
| 9 years | $8 |
| 11 years | $2,202 |
| 13 years | $4,397 |
| 15 years | $6,591 |
| 17 years | $8,785 |
| 19 years | $10,980 |
| 21 years | $13,174 |
| 23 years | $15,369 |
| 25 years | $17,563 |
Top Solar Installers in Dacono
Do-it-yourself solar panel installation is a way to cut costs, but it's an undertaking that can be a pain. Taking advantage of a solar company can make your switch to solar power much easier. Plus, warranties and repairs from your solar panel installer can protect your investment and reduce the cost of maintenance over the lifespan of your panels.
There are several 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 Dacono
Factors that Affect Solar Panel Costs in Dacono
For many Dacono homeowners, the decision to install solar panels depends on cost. However, the range of solar installation costs can be quite wide in Dacono, with typical prices between $20,000 to $40,000. There are a few factors that considerably influence the price you'll pay, which we'll go over below.
Solar Equipment
The size of the solar system you need for your household, which is measured in kilowatts, is the most important cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by about $2,690. The brand and kind of equipment you want for your solar system can increase or decrease the price quite significantly. If you prefer a trusted brand name like Tesla or SunPower, these are often more expensive 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 can expect a higher equipment cost, but this can typically lead to more savings over time. Plus, if you want extra equipment like an electric vehicle charger or solar batteries, this will also increase the cost.
Solar Financing Terms
For some homeowners, paying for a solar system out of pocket can be challenging. Solar loans are provided by most installers in Dacono, which can bring down, or in some cases completely eliminate, your upfront costs to make solar more accessible. 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 can only get a high-interest loan, then your total can be hundreds or even thousands of dollars more than the original cost. Making a larger down payment or getting a solar loan with a low interest rate could reduce your costs considerably.
Solar Panel Installation Company
The final major cost factor you should keep in mind is the installer you choose. Given the massive popularity of renewable energy solutions in Dacono, you'll have a great number of options to choose from, but each comes at different price points for labor and equipment. Companies that only sell high-quality, high-efficiency and high-price products — 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 has the products, warranties and services you want 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 | $19,638 | 9.4 years |
| 8 kW | $2.74 | $15,365 | $26,485 | 9.2 years |
| 10 kW | $2.69 | $18,830 | $33,483 | 9.0 years |
| 12 kW | $2.64 | $22,144 | $40,631 | 8.8 years |
| 14 kW | $2.58 | $25,308 | $47,930 | 8.6 years |
| 16 kW | $2.53 | $28,320 | $55,380 | 8.5 years |
| 18 kW | $2.47 | $31,182 | $62,981 | 8.3 years |
| 20 kW | $2.42 | $33,894 | $70,732 | 8.1 years |
How to Save on Solar Panels
The solar company you go with will influence not only your total costs, but also the kinds of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are several important things you should keep in mind, including:
- Contract: Read the contract terms closely to make sure you understand the overall cost, project timeline rebates and warranties.
- Installation Process: When making the switch to solar power, it's necessary to maintain an open line of communication with your solar panel installer. Confirm that you understand how the installation process works and the project timeline.
- 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.
- Solar Panel Brands: The model of solar panel you need to install plays a role in which installer you should opt for, since different companies have different panels.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
EcoWatch's Dacono, CO Solar Cost FAQs
How much does it cost to install solar panels in Dacono?
This is a tough question to answer exactly, because the cost depends on a variety of 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 extra solar equipment or higher quality panels, or if you have higher-than-average energy consumption. Conversely, you can spend less if you choose a smaller solar panel system or less efficient solar panels.
What other factors should I consider in addition to cost when buying solar panels?
Cost is definitely one of the most important things to bear in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
How will having solar panels impact how much my home is worth?
Solar panels can increase your home value significantly as long as you buy or finance your panels and don't opt for 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 solar panels."
How many solar panels should I get to power my home?
To figure out how many solar panels you need, you need to know how much energy your home uses and how much sunlight your home gets. For a general estimate, however, since each panel can typically produce about 250 to 400 watt-hours per hour, the average home will need 20 to 35 panels.
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.