Solar Panel Cost Guide in Eaton, CO (2023 Update)
- Eaton Solar Installation Cost: $14,608
- 25-Year Savings: $16,892
- Payback Period: 13.6 Years
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Updated October 25, 2023
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Average Cost of Solar Panels in Eaton
Let’s take a look at the average cost of solar panels in Eaton.
The average cost of a solar panel system in Eaton is 4 per watt.The average Eaton homeowner needs a 5.2-kilowatt system, which would cost about $14,608 with the federal tax credit, or $20,889 before the 0 tax credit is applied.
How much you pay can go higher or lower than the average in Eaton based on a variety of factors, such as the brand of solar panels you choose and the solar contractor you hire.Even with the significant initial cost, the average Eaton homeowner can save around $19,000 on their energy bills over 20 years, which is one of the perks of solar.
Click the button below to get connected to a highly rated solar installer in your area for a custom estimate.
Solar savings over time in Eaton
| Year | Return on Investment |
|---|---|
| 1 years | $-13,640 |
| 3 years | $-11,704 |
| 5 years | $-9,768 |
| 7 years | $-7,831 |
| 9 years | $-5,895 |
| 11 years | $-3,959 |
| 13 years | $-2,023 |
| 15 years | $-87 |
| 17 years | $1,850 |
| 19 years | $3,786 |
| 21 years | $5,722 |
| 23 years | $7,658 |
| 25 years | $9,595 |
Top Solar Installers in Eaton
DIY solar panel installation is a way to cut costs, but it's an undertaking that can use up a lot of your time and energy. Going with a solar panel installer can make switching to solar power much easier. Also, companies with an outstanding reputation that cost more upfront could actually save you money in the long term due to their warranties, repair services and expert design.
If you’d like to start using solar energy but still aren’t sure which solar system installer to go with, here are our suggestions for providers in Eaton:
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 Eaton
Factors that Affect Solar Panel Costs in Eaton
There are a number of criteria that can affect your solar panel installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that installs your solar system.
Solar Equipment
The size of the solar system you need to offset your energy usage, which is measured in kilowatts, is the most significant cost factor to consider. For every additional kilowatt you need, your total will most likely increase by around $3,980. There are many different solar panel brands and the one you choose also affects the cost. Typically, the brands that have better efficiency tend to also be more expensive. Additionally, the type of equipment you choose can affect your total cost. If you only need panels, your system will be far less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Most solar companies in Eaton have solar loans, which reduce the initial cost of installing solar panels.When trying to figure out your overall cost, you should also calculate the interest you’ll pay if you decide on a solar loan. Also, paying a higher down payment can reduce the total interest paid over time.
Solar Panel Installation Company
A final consideration when trying to figure out the cost of solar for your home or business in Eaton is the company you get to install your solar system. Similar to choosing a company to renovate your kitchen, for example, you’ll have many options for solar installers that provide a range of services at different costs.You may come across national solar installers that have lower prices because of their larger brand name and access to bulk pricing, or you might see small, local installation companies offering deals or promotions to compete with those larger companies.
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 | $13,242 | 14.2 years |
| 8 kW | $4.06 | $22,734 | $18,102 | 13.9 years |
| 10 kW | $3.98 | $27,860 | $23,185 | 13.6 years |
| 12 kW | $3.90 | $32,763 | $28,491 | 13.4 years |
| 14 kW | $3.82 | $37,444 | $34,019 | 13.1 years |
| 16 kW | $3.74 | $41,901 | $39,771 | 12.8 years |
| 18 kW | $3.66 | $46,136 | $45,745 | 12.6 years |
| 20 kW | $3.58 | $50,148 | $51,942 | 12.3 years |
How to Save on Solar Panels
There are a large number of companies available in Eaton, and some homeowners feel overwhelmed considering their options. Selecting the right company for you can be tough, so here are some tips to help you decide:
- Warranty: If you care about the durability of your solar panel system, ensuring your company offers a 25-year, all-inclusive warranty can give you some peace of mind.
- Contract: When reading over your solar installer’s contract, ask for clarification about any terms you’re not sure of and make sure you understand what happens in scenarios like a system component breaking or the company going out of business.
- Installation Process: Homeowners should make sure they understand how exactly the installation process will go, as well as important factors like the completion timeline.
- Solar Panel Brands: Each solar panel brand and model offers 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.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
EcoWatch's Eaton, CO Solar Cost FAQs
What is the average cost of installing solar panels in Eaton?
The average cost of solar panels in Eaton is about $19,900 for a 5-kW system and $39,800 for a 10-kW system before the ITC, but the actual cost will depend on certain factors such as the kind of solar panels you want, what size system you need and how much energy you use.
Are solar panels free in Eaton?
A solar panel system isn’t free in Eaton, but there are some options that can make getting them more affordable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that you can take advantage of.
Is it worth going solar in Eaton?
Whether or not solar panels are worth it depends on a variety of factors like the cost of electricity near you and the amount of direct sunlight your roof gets.
What solar power system size is right for 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 generally 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.