Solar Panel Cost Guide in Englewood, CO (2025 Update)
- Englewood Solar Installation Cost: $14,252
- 25-Year Savings: $16,961
- Payback Period: 13.4 Years
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Average Cost of Solar Panels in Englewood
Find out what the average cost of solar panel installation is in Englewood.
The average cost of a solar system in Englewood is 4 per watt.To account for the typical energy usage of the average home in Englewood, most homeowners require a 5.1-kilowatt system. Using the figure above, a solar installation costs around $14,252, or $20,380 before the federal solar tax credit of 0 is applied.
The prices above are just estimates to give you an idea of how much solar panels could cost. The exact cost of installing solar panels can vary quite a bit based on a few factors, such as how many panels you need, your energy usage and what solar installer you go with.With typical savings of about $20,000 on energy bills over 20 years, many homeowners in Englewood find installing solar panels can be quite rewarding.
To calculate your potential savings and connect with a local solar company, click the button below.
Solar savings over time in Englewood
| Year | Return on Investment |
|---|---|
| 1 years | $-13,284 |
| 3 years | $-11,348 |
| 5 years | $-9,412 |
| 7 years | $-7,475 |
| 9 years | $-5,539 |
| 11 years | $-3,603 |
| 13 years | $-1,667 |
| 15 years | $270 |
| 17 years | $2,206 |
| 19 years | $4,142 |
| 21 years | $6,078 |
| 23 years | $8,014 |
| 25 years | $9,951 |
Top Solar Installers in Englewood
Putting up solar panels by yourself can be a difficult undertaking, which is why using a solar installer is a good option for many homeowners. The payback period of solar panels will vary depending on factors like your roof configuration and energy consumption, but working with a solar installer can help you reach a break-even point sooner. Your provider will be able to help you identify incentives available in your area.
You can work with a local solar installer to get a free quote on how much your investment in solar could cost for your home. Here are some near you:
See all of the solar companies in Englewood
Factors that Affect Solar Panel Costs in Englewood
Cost is often one of the most important factors for homeowners who are considering investing in solar. There are a few primary factors that affect your total cost in Englewood: solar equipment and system size, financing options and the solar installation company you choose. We’ll go over each of these briefly below.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that influences the overall cost of installing solar panels. For that reason, it’s important to accurately gauge the size of the solar energy system needed for your home by figuring out your energy needs.The brand and type of equipment you choose for your solar system can increase or decrease the price quite significantly. If you prefer a brand name like Tesla or SunPower, these are often more expensive than other brands. Efficiency also matters. Whether you’re opting for high efficiency because you have a small roof or just want maximum energy production, you will be looking at a higher equipment cost, but this can typically lead to more savings over time. Also, if you want extra equipment like an electric vehicle charger or solar batteries, this will also increase the cost.
Solar Financing Terms
Many homeowners find the average cost of solar in Englewood to be prohibitively steep, even if the investment pays off over time. Fortunately, almost every solar company in the area offers financing options. Solar loans drastically decrease upfront costs for most homeowners, but they also lead to higher prices over time because of interest.However, the interest on solar loans also increases your overall costs, so it’s important to include that in your estimate as well. You can always reduce the total you pay in interest and in some cases even your APR by putting more money down.
Solar Panel Installation Company
The remaining significant cost factor you should consider is the installer you choose. Given the massive popularity of sustainable energy solutions in Englewood, you’ll have plenty of options to choose from, but each comes at various price points for labor and equipment.Additionally, some companies in Englewood 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 | $13,806 | 13.9 years |
| 8 kW | $4.06 | $22,734 | $18,854 | 13.7 years |
| 10 kW | $3.98 | $27,860 | $24,124 | 13.4 years |
| 12 kW | $3.90 | $32,763 | $29,618 | 13.1 years |
| 14 kW | $3.82 | $37,444 | $35,334 | 12.9 years |
| 16 kW | $3.74 | $41,901 | $41,273 | 12.6 years |
| 18 kW | $3.66 | $46,136 | $47,435 | 12.3 years |
| 20 kW | $3.58 | $50,148 | $53,820 | 12.1 years |
How to Save on Solar Panels
There are a lot of companies available in Englewood, and some homeowners feel overwhelmed considering their options. Picking the right company for you can be tough, so here are some tips to help you decide:
- Installation Process: An important thing to understand when adopting solar power is the installation process itself. Be sure to align on any details you should know with your solar company, such as what permits you should secure and how long the project will take.
- Solar Panel Brands: Each solar panel brand and model offers varying levels of quality, durability and efficiency. They will come at different price points as well. The company you choose plays a role in which solar panel brands you have access to.
- Warranty: An all-inclusive, 25-year warranty can help keep your solar panels running for a long time and save you money on repairs and maintenance.
- Contract: Although reading through a contract can take a lot of time, it’s important to do it thoroughly so you can be sure you understand what services your solar company will provide and how part repairs and replacements will be handled.
EcoWatch's Englewood, CO Solar Cost FAQs
How much does it cost to install solar panels in Englewood?
The average cost of solar panels in Englewood is about $19,900 for a 5-kW system and $39,800 for a 10-kW system before the ITC, but the real cost will depend on certain factors such as the type of solar panels you want, what size system you need and how much energy you use.
Is it better to lease or buy solar panels in Englewood?
Leasing solar panels can be an option if you can’t afford to pay upfront or get a solar loan, but since you don’t own the system, you can’t take advantage of 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 bang for your buck from going solar.
How will installing solar panels impact my property value?
Solar panels can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Englewood is currently $525,589, which means you could be looking at a value of about $21,549 more than houses without a solar system. The specific figures will vary, but most experts agree that installing solar panels in Englewood is a worthwhile investment.
How many solar panels do I need to power my home?
To figure out how many solar panels you need, you need to know 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 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.