Solar Panel Cost Guide in Dove Valley, CO (Feb 2023)
- Dove Valley Solar Installation Cost: $9,641
- 25-Year Savings: $17,793
- Payback Period: 8.8 Years
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Updated January 20, 2023
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Average Cost of Solar Panels in Dove Valley
We go over average solar pricing in Dove Valley.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Dove Valley, the average cost of solar panels is $3 per watt. Using this figure, a typical 5.1 would cost about $9,641 before the 30% federal solar tax credit is applied.
The true cost of your system can be higher or lower than the average in Dove Valley depending on a variety of factors, such as the kind of solar panels you choose and the solar company you hire. But, after you've paid the upfront cost of installation, the savings for most homeowners is quite fruitful, with a net average savings of about $20,000 over 20 years on power bills.
Click the button below to get connected to a top solar installer in your area for a customized estimate.
Solar savings over time in Dove Valley
| Year | Return on Investment |
|---|---|
| 1 years | $-8,544 |
| 3 years | $-6,349 |
| 5 years | $-4,154 |
| 7 years | $-1,959 |
| 9 years | $235 |
| 11 years | $2,430 |
| 13 years | $4,625 |
| 15 years | $6,820 |
| 17 years | $9,014 |
| 19 years | $11,209 |
| 21 years | $13,404 |
| 23 years | $15,599 |
| 25 years | $17,793 |
Top Solar Installers in Dove Valley
Do-it-yourself solar panel installation is a choice some homeowners opt for, but it's an undertaking that can be a pain. Going with an installer can make your swap to solar power much easier. Solar installers provide key benefits that can help you maximize your investment, like warranties, monitoring and free repairs.
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 (coming 2022)
Best Technology
Tesla Energy
- Price-match guarantee
- Sleek, efficient, and durable solar panels
- Best solar battery on the market
- Some reported issues with customer service
- Customer service varies by local dealer
See all of the solar companies in Dove Valley
Factors that Affect Solar Panel Costs in Dove Valley
There are many factors that can determine your installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that installs your solar panels.
Solar Equipment
Solar system size, which is measured in kilowatts, is one of the largest factors that influences the overall cost of installing solar panels. That's why it's a priority to accurately ascertain the size of the solar energy system needed for your home by figuring out your average energy use. There are many different solar panel brands and the one you pick also affects the cost. Usually, the brands that are more efficient tend to also cost more. Additionally, the type of equipment you want to install can affect your total cost. If you just need panels, your system will be much 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 Dove Valley homeowners opt to finance their solar panel systems to offset upfront costs. 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
The last significant cost factor you should take into consideration is the installer you choose. Given the massive popularity of renewable energy solutions in Dove Valley, you'll have a great number of options to choose from, but each comes at different price points for labor and equipment. Additionally, some companies in Dove Valley are more knowledgeable about local solar incentives and can help you make good use of additional rebates or tax exemptions. However, they may charge more for that service. 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 | $20,427 | 9.1 years |
| 8 kW | $2.74 | $15,365 | $27,537 | 9.0 years |
| 10 kW | $2.69 | $18,830 | $34,798 | 8.8 years |
| 12 kW | $2.64 | $22,144 | $42,210 | 8.6 years |
| 14 kW | $2.58 | $25,308 | $49,772 | 8.4 years |
| 16 kW | $2.53 | $28,320 | $57,485 | 8.3 years |
| 18 kW | $2.47 | $31,182 | $65,348 | 8.1 years |
| 20 kW | $2.42 | $33,894 | $73,362 | 7.9 years |
How to Save on Solar Panels
There are many solar installers to choose from, all of which offer different warranties, solar panel models and price points. To help you pick the right company for you, here are some tips to keep in mind:
- Installation Process: Get detailed information from your solar company about the installation process and what to expect, including when the site survey will be completed and what the project timeline is.
- Warranty: A high-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: Different companies carry different brands and types of panels. If you want a specific brand, make sure the solar panel company you're considering has it.
- Contract: Read the contract terms closely to make sure you understand the total cost, project timeline rebates and warranties.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries (coming 2022)
Best Technology
Tesla Energy
- Price-match guarantee
- Sleek, efficient, and durable solar panels
- Best solar battery on the market
- Some reported issues with customer service
- Customer service varies by local dealer
EcoWatch's Dove Valley, CO Solar Cost FAQs
How much does it cost to install solar panels in Dove Valley?
This is a tough question to answer precisely, because the cost depends on a variety of factors. Generally speaking, it costs about $13,450 for a 5-kW system and $26,900 for a 10-kW system after the ITC is applied. It will cost more if you want extra solar equipment or more efficient panels, or if you have higher-than-average energy consumption. On the flip side, you can spend less if you go with a smaller solar panel system or cheaper solar panels.
Are solar panels free in Dove Valley?
You can't get solar panels for free in Dove Valley. However, you may still be able to afford 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.
Do solar panels increase your property value?
Solar panels can increase your home value 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 solar panels."
How often do you have to replace solar panels?
On average, the lifespan of solar panels is about 25 to 30 years. Some even last up to 50 years, but their efficiency decreases by about 0.8% each year. You can choose to replace them sooner if you want to maintain a larger level of energy production.
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.