Solar Panel Cost Guide in El Jebel, CO (Mar 2023)
- El Jebel Solar Installation Cost: $9,961
- 25-Year Savings: $18,461
- Payback Period: 8.8 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in El Jebel
We break down average solar pricing in El Jebel.
The national average cost of solar panels is $2.66 per watt, but in El Jebel it's 2.69 per watt. Using this figure, a typical 5.3-kW system would cost about $9,961 before the 30% federal solar tax credit is applied.
Bear in mind that the figures above are only estimates based on the average energy use of El Jebel homeowners. The cost of a solar system for your home may look different depending on factors unique to your situation, like your household energy use and solar contractor. With average savings of about $20,000 on power bills over 20 years, many homeowners in El Jebel find investing in solar can be quite rewarding.
To see your potential savings and connect with a local solar expert, click the button below.
Solar savings over time in El Jebel
| Year | Return on Investment |
|---|---|
| 1 years | $-8,824 |
| 3 years | $-6,550 |
| 5 years | $-4,277 |
| 7 years | $-2,003 |
| 9 years | $271 |
| 11 years | $2,545 |
| 13 years | $4,819 |
| 15 years | $7,092 |
| 17 years | $9,366 |
| 19 years | $11,640 |
| 21 years | $13,914 |
| 23 years | $16,188 |
| 25 years | $18,461 |
Top Solar Installers in El Jebel
Trying to put up solar panels yourself can be a stressful task, which is why using a solar installation company is a good option for many homeowners. Companies can also have access to a large variety of the best solar panels and help you decide which one will be right for your home.
Working with a licensed solar installer can help you make the most of your investment in solar. Here are our recommendations:
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 El Jebel
Factors that Affect Solar Panel Costs in El Jebel
Though the average cost of a solar system in El Jebel is $9,961, your final cost may differ. There are several factors that can have a major impact on the cost of a solar panel installation. Below are some of the more crucial things to take into consideration.
Solar Equipment
When it comes to estimating the price of a solar panel system in El Jebel, one of the most important factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are largely based on your home's energy usage, which you can gauge by looking at past power bills. Your total cost can increase by around $2,690 for each additional kilowatt you need. There are a lot of different solar panel brands and the one you pick also affects the cost. Typically, the brands that are more efficient tend to also be more expensive. In addition, the type of equipment you want to install 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
For some homeowners, paying for a solar system out of pocket can be difficult. Solar loans are offered by most installers in El Jebel, which can reduce, or in some cases completely eliminate, your upfront costs to make solar more affordable. When considering your overall cost, you should also calculate the interest you'll pay if you opt for a solar loan. Also, paying a higher down payment can lower the total interest paid over time.
Solar Panel Installation Company
The solar installation company you pick will impact your total cost to adopt solar energy. Different companies will bill different amounts for the equipment and labor. Companies that only sell products with high efficiency and therefore a higher price point — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally come with an above-average cost. It's best to do some research and find a company that offers the products, warranties and services you're looking for 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 | $20,494 | 9.1 years |
| 8 kW | $2.74 | $15,365 | $27,627 | 8.9 years |
| 10 kW | $2.69 | $18,830 | $34,910 | 8.8 years |
| 12 kW | $2.64 | $22,144 | $42,344 | 8.6 years |
| 14 kW | $2.58 | $25,308 | $49,929 | 8.4 years |
| 16 kW | $2.53 | $28,320 | $57,664 | 8.2 years |
| 18 kW | $2.47 | $31,182 | $65,550 | 8.1 years |
| 20 kW | $2.42 | $33,894 | $73,586 | 7.9 years |
How to Save on Solar Panels
The solar company you choose will be a major factor in determining not only your total costs, but also the kinds of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are a few important things you should keep in mind, including:
- Warranty: Warranties that cover replacement parts and repairs over a couple decades are the gold standard in the business, and offering that kind of warranty is one sign of a quality company.
- Reputation: Make sure your solar system installer has a good reputation by verifying it has certifications and licenses, checking its number of years in business and reading reviews by previous customers and solar experts like EcoWatch.
- Contract: Review the contract terms thoroughly to make sure you understand the cost breakdown, completion timeline incentives and warranties.
- Solar Panel Brands: Not all solar companies carry the same brands of solar panels, so the brand and type of panel you want can play a significant role in the company you go with.
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 El Jebel, CO Solar Cost FAQs
How much does it cost to install solar panels in El Jebel?
This is a tough question to answer precisely, 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. It will cost more if you want other solar equipment or more efficient panels, or if you have above-average energy consumption. Conversely, you can spend less if you want a smaller solar panel system or cheaper solar panels.
Should I lease or buy solar panels in El Jebel?
Leasing solar panels can be an option if you can't afford to pay upfront or secure a solar loan, but since you don't own the system, you don't have access to many solar incentives. Also your home value won't increase, so you'll have less savings over time. If you can afford to buy a solar system upfront, then buying is the better option if you want the most financial benefits from going solar.
Can you sell solar power back to the grid in El Jebel?
Each state has some kind of net metering programs except Tennessee, South Dakota and Alabama currently. Some states let you sell power back to the grid, but others just give you credit toward your future energy bills.
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy usage 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 get between 20 and 35 panels to account for 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.