Solar Panel Cost Guide in El Jebel, CO (2023 Update)
- El Jebel Solar Installation Cost: $9,959
- 25-Year Savings: $18,464
- Payback Period: 8.8 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in El Jebel
We break down average solar pricing in El Jebel.
While the national average of solar panels is $2.66 per watt, solar panels in El Jebel generally cost around 2.69. To cover the typical energy usage of the average home in El Jebel, most homeowners require a 5.3-kilowatt system. Using the figure above, a solar installation costs about $9,961, or $14,244 before the federal solar tax credit of 30% is applied.
Remember that the numbers above are only averages. The price you'll end up paying for solar will differ based on your household energy needs, the type of equipment you choose, your solar contractor and more. Many homeowners find going solar is a solid investment. The average homeowner in El Jebel can save about $20,000 on their electricity bills over 20 years.
For a customized quote from a local solar company that has been pre-vetted by the EcoWatch team, click the button below.
Solar savings over time in El Jebel
| Year | Return on Investment |
|---|---|
| 1 years | $-8,991 |
| 3 years | $-7,055 |
| 5 years | $-5,118 |
| 7 years | $-3,182 |
| 9 years | $-1,246 |
| 11 years | $690 |
| 13 years | $2,627 |
| 15 years | $4,563 |
| 17 years | $6,499 |
| 19 years | $8,435 |
| 21 years | $10,371 |
| 23 years | $12,308 |
| 25 years | $14,244 |
Top Solar Installers in El Jebel
Installing solar panels yourself can be a difficult task, which is why using a solar installation company is a good option for many homeowners. Also, companies with an outstanding reputation that cost more upfront could actually save you money in the long term with their warranties, repair services and expert design.
Working with a licensed solar company 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
See all of the solar companies in El Jebel
Factors that Affect Solar Panel Costs in El Jebel
There are many factors that can determine 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
When it comes to estimating the price of solar panels in El Jebel, one of the most crucial 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 consumption, which you can determine by looking at past electricity bills. Your overall cost can increase by around $2,690 for each additional kilowatt you need. Some solar panel brands — like Maxeon from SunPower — are more expensive upfront but also tend to offer higher efficiency. In a city like El Jebel, where sunlight is abundant, efficiency can quickly pay off. In addition, if you have a small roof or limited space for your panels, higher efficiency options will be a better option. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
Many homeowners find the average cost of solar in El Jebel to be too costly, even if the investment pays off over time. Fortunately, almost every solar company in the area offers financing options. Solar loans remarkably decrease upfront costs in most cases, but they also lead to paying more over time due to interest. While solar loans make going solar more accessible for El Jebel homeowners, they can also add to the total you pay for your system due to interest. If you put down a larger down payment, though, you can cut back on how much interest you have to pay.
Solar Panel Installation Company
The remaining key cost factor you should take into consideration is the installer you choose. Given the massive popularity of renewable energy solutions in El Jebel, you'll have many options to choose from, but each comes at different price points for labor and equipment. Companies that only sell high-quality, high-efficiency and high-price products — 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 decide on the company that has the products, warranties and services you want and also fits within 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
There are a large number of companies available in El Jebel, and some homeowners feel overwhelmed considering their options. Selecting the right company for you can be challenging, so here are some tips to help you decide:
- Contract: Before signing a contract with a solar company, make sure you look it over fully so you understand the terms. Also, ask questions if you're not certain about some of the terms, such as what the warranty covers and what services you can expect from them.
- Solar Panel Brands: Not all solar companies offer the same brands of solar panels, so the brand and type of panel you want can play a substantial role in the company you opt for.
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a respected certification organization for sustainable energy professionals. If your solar panel installer is NABCEP-certified, it most likely has a solid reputation and is qualified to do the job well. Another way you can check your installer's reputation is by reading reviews.
- Warranty: A quality company rises above other companies by offering the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
EcoWatch's El Jebel, CO Solar Cost FAQs
How much does it cost to install solar panels in El Jebel?
The average cost of solar panels in El Jebel is about $13,450 for a 5-kW system and $26,900 for a 10-kW system before the ITC, but the real cost will depend on stuff like the model of solar panels you want, what size system you need and how much energy you use.
Can you get solar panels for free in El Jebel?
You can't get solar panels for free in El Jebel. 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.
Can you sell solar power back to the grid in El Jebel?
Most states offer net metering programs of some kind. Through these, you can either be compensated for the extra power your system generates or or receive credits to put toward future electricity 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?
The exact number of solar panels you need depends on your household energy usage and how much 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.