Solar Panel Cost Guide in Eagle, CO (2024 Update)
- Eagle Solar Installation Cost: $14,735
- 25-Year Savings: $15,208
- Payback Period: 14.6 Years
See cost of a solar system near you:
Please enter a valid 5-digit zip code!
Why you can trust EcoWatch
Average Cost of Solar Panels in Eagle
We break down average solar pricing in Eagle.
The national average cost of solar panels is $2.66 per watt, but in Eagle it’s 4 per watt.To account for the typical energy usage of the average home in Eagle, most homeowners require a 5.3-kilowatt system. Using the per-watt figure above, a solar installation costs around $14,735, or $21,071 before the federal solar tax credit of 0 is applied.
Keep in mind that the figures above are only estimates based on the average Eagle homeowner. The cost of a solar system for your home may be different depending on factors unique to your situation, like your household energy use and solar contractor.Many homeowners find adopting solar power is a fruitful investment. The average homeowner in Eagle can save around $18,000 on their electricity bills over 20 years.
Click the button below to get connected to a vetted solar installer in your area for a custom estimate.
Solar savings over time in Eagle
| Year | Return on Investment |
|---|---|
| 1 years | $-13,767 |
| 3 years | $-11,830 |
| 5 years | $-9,894 |
| 7 years | $-7,958 |
| 9 years | $-6,022 |
| 11 years | $-4,086 |
| 13 years | $-2,149 |
| 15 years | $-213 |
| 17 years | $1,723 |
| 19 years | $3,659 |
| 21 years | $5,596 |
| 23 years | $7,532 |
| 25 years | $9,468 |
Top Solar Installers in Eagle
Many homeowners opt for a solar installer since figuring out how to install solar panels by yourself can be time-consuming. Solar companies provide key benefits that can help you get the most out of your investment, like warranties, monitoring and free repairs.
If you’d like to switch to solar energy but still aren’t sure which solar installer to go with, here are our recommendations for providers in Eagle:
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
Outstanding Local Installer
Smart Wave Solar
- Installations include backup power guarantee
- Outstanding customer service
- Offers rewards for customer referrals
- Expensive
- No assistance with solar financing
- Limited brands of solar equipment available
See all of the solar companies in Eagle
Factors that Affect Solar Panel Costs in Eagle
The cost of installing a solar system in Eagle can vary by more than $10,000 from home to home. Your actual cost is dependent on several factors. The most significant one is the size of the system you need, and other factors include equipment choices, financing options and the solar company you choose.
Solar Equipment
Solar system size, which is measured in kilowatts, is one of the largest factors that affects the overall cost of going solar. That’s why it’s important to accurately ascertain the size of the solar energy system needed for your home by figuring out your typical energy use.The type of solar panels and equipment you choose is another factor that will substantially affect costs. Solar panels that are more efficient, like monocrystalline panels, tend to be more costly. Furthermore, 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 looking for a solar system that’s in your budget.
Solar Financing Terms
Most solar companies in Eagle offer solar loans, which reduce your upfront costs of installing a solar system.It’s wise to add the interest you’ll pay in your final cost estimate. If you can afford to pay a larger 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 remaining significant cost factor you should take into consideration is the installer you choose. Given the massive popularity of green energy solutions in Eagle, you’ll have a great number of options to choose from, but each comes at various price points for labor and equipment.Additionally, some companies in Eagle know more 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 end up saving you 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 | $4.14 | $17,385 | $11,166 | 15.2 years |
| 8 kW | $4.06 | $22,734 | $15,334 | 14.9 years |
| 10 kW | $3.98 | $27,860 | $19,724 | 14.6 years |
| 12 kW | $3.90 | $32,763 | $24,338 | 14.3 years |
| 14 kW | $3.82 | $37,444 | $29,174 | 14.1 years |
| 16 kW | $3.74 | $41,901 | $34,234 | 13.8 years |
| 18 kW | $3.66 | $46,136 | $39,516 | 13.5 years |
| 20 kW | $3.58 | $50,148 | $45,021 | 13.2 years |
How to Save on Solar Panels
There are many companies to choose from in Eagle, and some homeowners feel overwhelmed considering their options. Picking the right company for you can be challenging, so here are some tips to help you decide:
- 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 EcoWatch.
- Warranty: If you’re worried about the durability of your solar system, verifying that your company offers a 25-year, all-inclusive warranty can give you some peace of mind.
- Installation Process: An important thing to understand when adopting solar energy is the installation process itself. Be sure to clarify any details you should know with your solar company, such as what permits you should acquire and what the project timeline is.
- Solar Panel Brands: The model of solar panel you need to install plays a part in which installer you should go with, since different companies provide different panels.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
Outstanding Local Installer
Smart Wave Solar
- Installations include backup power guarantee
- Outstanding customer service
- Offers rewards for customer referrals
- Expensive
- No assistance with solar financing
- Limited brands of solar equipment available
EcoWatch's Eagle, CO Solar Cost FAQs
How much does it cost to install solar panels in Eagle?
This is a hard question to answer precisely, because the cost depends on a few different factors. Broadly speaking, it costs about $19,900 for a 5-kW system and $39,800 for a 10-kW system after the ITC is applied. It will cost more if you want extra solar equipment or higher quality panels, or if you have higher-than-average energy usage. On the other hand, you can spend less if you choose a smaller solar panel system or less efficient solar panels.
What other factors should I consider aside from cost when buying solar panels?
The upfront cost is a key 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 Eagle?
The majority of states offer net metering programs of some kind. Through these, you can either receive compensation for the extra power your system produces or or receive credits to put toward future energy 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?
To figure out how many solar panels you need, you should find out how much energy your home needs 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 household 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.