Solar Panel Cost Guide in Eagle, CO (2023 Update)
- Eagle Solar Installation Cost: $9,961
- 25-Year Savings: $15,206
- Payback Period: 9.9 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Eagle
Let's have a look at the average cost of solar in Eagle.
In Eagle, solar panels cost about 2.69 per watt on average. To cover the typical energy needs of the average home in Eagle, most homeowners require a 5.3-kilowatt system. Using the per-watt figure above, a solar installation costs about $9,961, or $14,244 before the federal solar tax credit of 30% is applied.
Bear in mind that the figures above are only estimates based on the average energy use of Eagle homeowners. The price 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 most homeowners, the upfront investment in solar is worth paying. On average you could be looking at about $18,000 in savings on utility bills over 20 years.
Click the button below to get connected to a reputable solar installer in Eagle for a personalized quote.
Solar savings over time in Eagle
| Year | Return on Investment |
|---|---|
| 1 years | $-8,954 |
| 3 years | $-6,941 |
| 5 years | $-4,928 |
| 7 years | $-2,914 |
| 9 years | $-901 |
| 11 years | $1,112 |
| 13 years | $3,126 |
| 15 years | $5,139 |
| 17 years | $7,152 |
| 19 years | $9,166 |
| 21 years | $11,179 |
| 23 years | $13,192 |
| 25 years | $15,206 |
Top Solar Installers in Eagle
Many homeowners opt for a solar installer since trying to install solar panels by yourself can be a lot of work. Companies can also offer access to various kinds of the best solar panels and help you decide which one will be right for your home.
If you're searching for a solar company in Eagle, the EcoWatch team has compiled a list of our top suggestions here:
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 Eagle
Factors that Affect Solar Panel Costs in Eagle
Cost is usually one of the most important factors for homeowners who want to invest in solar. There are a few primary factors that determine your overall cost in Eagle: solar equipment and system size, financing options and the solar installation company you choose. We'll cover each of these briefly below.
Solar Equipment
When it comes to estimating the cost of solar panels in Eagle, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are primarily based on your home's energy consumption, which you can determine by looking at past power bills. Your overall cost can increase by about $2,690 for each additional kilowatt you need. The model of solar panels and equipment you choose is another factor that will significantly influence costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to be more expensive. Moreover, solar equipment goes beyond just the solar panels themselves. You'll also need to consider the kind of racks used to mount the panels, inverters, solar batteries, etc. It's important to take all of this into consideration when researching a solar system that's in your budget.
Solar Financing Terms
Many homeowners find the average cost of solar in Eagle to be too steep, even if the investment pays off over time. Fortunately, almost every solar company in the area offers financing options. Solar loans substantially decrease upfront costs in most cases, but they also result in higher prices over time because of interest. You'll have to consider the long-term cost of financing options, 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 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 installer you opt for to handle your switch to sustainable energy can have an effect on your total costs. There are about 3 solar panel companies operating throughout Eagle, and each can charge varying amounts for labor and equipment. Additionally, some companies in Eagle have more knowledge about local solar incentives and can help you learn about 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 | $16,801 | 10.3 years |
| 8 kW | $2.74 | $15,365 | $22,702 | 10.1 years |
| 10 kW | $2.69 | $18,830 | $28,754 | 9.9 years |
| 12 kW | $2.64 | $22,144 | $34,957 | 9.7 years |
| 14 kW | $2.58 | $25,308 | $41,311 | 9.5 years |
| 16 kW | $2.53 | $28,320 | $47,815 | 9.3 years |
| 18 kW | $2.47 | $31,182 | $54,469 | 9.1 years |
| 20 kW | $2.42 | $33,894 | $61,275 | 8.9 years |
How to Save on Solar Panels
Since the kind of solar panels and the installer you choose significantly 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:
- Warranty: Warranties that cover replacement parts and repairs over around 25 years are the best you can get in the business, and offering such a warranty is one indication of a good company.
- Contract: Review the contract terms closely to make sure you understand the total cost, project completion timeline incentives and warranties.
- Solar Panel Brands: The model of solar panel you need to get plays a part in which installer you should choose, since different companies have different panels.
- Installation Process: Make sure you're aligned with the installer regarding how the installation process will go and what needs to be done before your solar system is installed, such as updating your electrical system or roof.
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 Eagle, CO Solar Cost FAQs
How much does it cost to install solar panels in Eagle?
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 other solar equipment or higher quality panels, or if you have above-average energy needs. On the flip side, you can spend less if you go with a smaller solar panel system or cheaper solar panels.
Can you get solar panels for free in Eagle?
You can't get solar panels for free in Eagle. However, you may still be able to get them on a lower budget. You can lease solar panels for a low upfront cost or, if you want to own your solar panels, you can finance them with a solar loan.
How much can I save on electricity bills after switching to solar?
Solar panels can potentially eliminate your electricity bills depending on your location and how much sunlight your home gets. Even if it doesn't get rid of them completely, you can save a lot of money on your bills, about $951.69 per year.
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 average daily 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.